Blum Holdings Inc (BLMH)

[otclife]

exactly man... they have like no debt. check out their balance sheet. check out the ratios I posted from Q2. They are lean as can be when it comes to that. The moment expansion costs stop all dispensaries and cultivation centers will be churning out profits with no debt to pay down. It will be Fing beautiful.

they have a TON of assets and almost no current or long term liabilities. This new agreement will hit the liabilities sections unless or until the investor chooses to convert at $.30 per share. and clearly if this huge investor is agreeing to convert at $.30 per share they think that the stock price will be much more than that....hence they get a sweet deal.