Blum Holdings Inc (BLMH)

[CannabidiolHead]

I think you need to read the whole article on splits.....Forward are bullish, RS is this:

Your article:

Notice carefully that just the opposite conclusion should therefore apply to stocks undergoing so-called reverse splits, in which a company exchanges low-priced old shares for higher-priced new shares. In such a case, management is signalling that it has little confidence that its shares — on their own, without an artificial boost — would soon trade at a higher price.

Sure enough, Ikenberry reports that stocks undergoing reverse splits tend to underperform the market over the several years following the announcements of those reverse splits. A classic example from recent years is Citicorp’s C, +0.41% March 2011 announcement that its shares would undergo a 1-for-10 reverse split. Since that announcement, its shares have gained 17.9%, versus 62.9% for the Wilshire 5000.