Blum Holdings Inc (BLMH)

[SSCadaver]

Break out the bottle- this will go sub 20 before next earnings report.

Why- you ask?

The company needs significantly more money to finish the projects they've already begun. They can also give away more shares when these "material events" are happening, so it's not likely that they'll leave these in the current state.

How do they come up with this money- you ask?

Dilution.



The only possible way that the price will go up is if the buying hype exceeds the speed of dilution. And the only possible way that is going to happen is if marijuana is legalized nationwide, which isn't going to happen any time soon- and even if it did, would only give a temporary boost to price until real investors see the awful ROI here based on SG&A.

JMO,
SSC