Blum Holdings Inc (BLMH)

[Magnum7419]

Based on last quarter stats each dispensary needs to generate 220,000 a day...... If the store is open 10 hours a day that is 600 minutes a day. HOw many sales are needed to make the 220,000...a day ?

BAsed on the last quarter stats (2017) IMHO TRTC needs to generate over a million dollars in revenue every DAY!!! to break even. That's 365 million a year and I believe the CEO projects 40 million......
Expenses run 6 to 7 million a quarter....simple math........

need 400 million a year

100 million a quarer

1 million a day divided by 5 dispensaries

220,000 a day for each IMHO



See page 31

"We have never reported net income. We incurred net losses for the three months ended March 31, 2017, and have an accumulated deficit of $83 million as of March 31, 2017. As of March 31, 2017, we had a working capital deficit of $11.45 million.
We have not been able to generate sufficient cash from operating activities to fund our ongoing operations. Since our inception, we have raised capital through private sales of preferred stock, common stock, and debt securities. Our future success is dependent upon our ability to achieve profitable operations and generate cash from operating activities. There is no guarantee that we will be able to generate enough revenue and/or raise capital to support our operations. "
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12057396
Last quarter Cannabis revenue was 5.8 million but the costs of goods was 5.4 which a gross profit margin of 7 %.....then look at the additional costs to sell the product. What steps can TRTC take to reduce the costs of goods since they FAILED to build out the two cultivation sites forcing them to pay demand prices....Then add the additional personnel to handle rec sales........Just last quarter they 2.5 million in additional salaries..that increase will remain and be added to.

Investors and traders should take the time to read the below last filing and act accordingly....



"Our gross profit for the three months ended March 31, 2017 was approximately $359,000, compared to a gross profit of approximately $134,000 for the three months ended March 31, 2016, an increase of approximately $225,000. Our gross margin percentage for the three months ended March 31, 2017 was approximately 5 percent, compared to approximately 9 percent for the three months ended March 31, 2016. The decrease was attributable to the cannabis segment, which had $392,000 gross profit or approximately 7 percent gross margin, the produce and herbs segment, which had ($52,762) gross profit or approximately (6 percent) gross margin, which herbs segment decrease was partially offset by an increase in gross margin related to the expiration of the floral products contract.


Selling, general and administrative expenses for the three months ended March 31, 2017 were approximately $6.39 million, compared to approximately $2.05 million for the three months ended March 31, 2016, an increase of approximately $4.34 million or approximately 212 percent. The increase was primarily due to: (i) an approximately $202,000 increase in advertising and promotion for the overall cannabis business; (ii) an approximately $419,000 increase in amortization expense due to intangible assets acquired in the Black Oak Gallery acquisition; (iii) an approximately $287,000 increase in depreciation incurred at Black Oak Gallery and the assets placed in service at the MediFarm dispensaries; (iv) an approximately $2,513,000 increase in salaries and wages for the staff hired at the Black Oak Gallery and MediFarm dispensaries; (v) an approximately $423,000 increase in consulting in connection with Black Oak Gallery, MediFarm’s, MediFarm I’s, and MediFarm II’s cannabis business; (vi) an approximately $278,000 increase in security incurred at the Black Oak Gallery and MediFarm dispensaries; (vi) an approximately $181,000 increase in rent incurred at the Black Oak Gallery and San Leandro dispensaries and the Hegenberger grow; (viii) an approximately $300,000 increase in accounting and compliance personnel costs as well as costs associated with implementation of accounting systems and processes; and (ix) an approximately $59,000 increase in computer systems, technical help incurred to build the infrastructure of systems and processes for the MediFarm dispensaries."

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12057396

Just an opinion based on filings supplied by the company.