I am not one of those that is interpreting the "Asset Purchase" as negative. If it was something really terrible, don't you think it would have affected the Blum/Oakland closing? Delaware is a Dem state and I think there is something good brewing with that transaction.
I am holding long term and won't even think of selling until after either Cali or NV goes recreational. I get that the flippers who try to create quick buck opportunities with their banter, but the news since earnings came out has been fantastic IMO.
Record revenues only to get significantly better from here, debt reduced significantly and continuing to be reduced in first quarter per CEO, Blum/Oakland closed adding 9 million or so to 2016 revenues, we have permits for 8 dispensaries in Nevada per the 10-k, they are looking to more acquisitions (plural) in the L.A. area very soon. We are looking at rapid expansion. They are really well positioned. Salwa Ibrahim's comments in the PR today reinforces their expansion plans.
Salwa Ibrahim, Executive Director of Blüm, commented, "Derek and I share the same goal of leveraging the advantages we have as early participants in a newly-established market to rapidly capture additional market share. We have made great progress in recent years establishing Blüm as a reputable medical cannabis dispensary in California and believe that joining forces with Terra Tech will significantly expand our resources and enhance our competitiveness in the market."
Dilution is something none of us like, but revenue could be enormous in the not to distant future. I just don't see any long term investor cannot be excited about the future.
