Blum Holdings Inc (BLMH)

[Magnum7419]

That was as of March 31th.......If one reads further they spent millions on those that asked for cash on the BlumOak deal.......

Liability jumped from 12 to 16 million..........



Black Oak Gallery Contingent Consideration Liability

Subsequent to the quarter ended March 31, 2017, the Company is required to release from escrow common stock equivalent of approximately 18,090,000 shares of its common stock and make a cash payment of $2,088,000 in connection with the Black Oak Gallery acquisition and the associated contingent consideration liability. Common stock equivalent of approximately 32,336,000 shares were clawed-back pursuant to the appreciation of the quoted price of the Company’s stock underlying the market-based component of the contingent consideration.