Blum Holdings Inc (BLMH)

[BidnessMan]

ON TOPIC - TRTC Financials

1st Quarter revenues 6.8 million, expenses - 10.5 million Expenses were 155% of revenues.

3rd Quarter revenues 10.2 Million, expenses - 7.8 million. Expenses were 77% of revenues.

4th Quarter will be no less than 13.2 million in order to make the expected revenues for the year of 38 - 40 million.

I expect 14.5 million in revenues and expenses less than 10.2 million. Expenses would then be around 77% at the worst case or as low as 60% if the expenses match the third quarter's expense numbers.

The drop in the ratio of revenues to expenses is why Derek has stated he expects to start self funding in the coming months.

The start up costs for the first five stores are over. The recent mergers have no start up costs and we should see the benefits of M&A over wholly owned this year.

NO RS last year and no RS this year unless the conditions are met Derek has stated both years.