Blum Holdings Inc (BLMH)

[mfdesigner]

Of course, 233K+ of investors' money went to his own private grow operation and not reported in the financial. Crafty is the word I'd use.

No account receivable balance means those numbers cannot be trusted.

During the nine months ended September 30, 2015, our subsidiary, IVXX, purchased raw materials totaling $233,735 from an entity in which our Chief Executive Officer has an ownership interest. IVXX also sold finished goods amounting to $336,357 to that same entity. The terms of the purchases of the raw materials and sales of the finished goods were at arms-length. There was no accounts receivable balance from this entity as of September 30, 2015.