Blum Holdings Inc (BLMH)

[IndustryParticipant]

Some additional details on notes on that specific operation (and clarification of entity)

Statement is:
The farm, Cultivar Inc.,

is located in Salinas, California and is approved for up to six acres (approximately 244,000 square feet) of cannabis cultivation, to be grown in high tech, climate-controlled greenhouses.

The question then would be what is currently in production.

For example, I have something that's "approved" for up to 450,000 sq ft. (10 acres), which in the end will be much less, and a multi phased project starting at much less....(Site, permit and approval is 450k, but after entire site developed, facility itself (canopy, plants) won't be more than half that, etc.

Translation:
It may be an existing facility with, let's say 60k sq. ft. currently under glass (poly, whatever, making a point), but project is permitted and phased for the 244k, etc....

So true (current) value (and impact) is in whats running this second. Further build out just a bonus....

Depending on local specifics (city, county, regs) a wham bam outdoor run(s) may also be possible as well on site between phased build outs as well......ie: If they have 60k in GH's currently, but 6 acres permitted, and regs allow, then could plant the other 4 acres (open air) if allowed to do so depending on city, county and CA program, etc.