Blum Holdings Inc (BLMH)

[grizzlyman69]

TerraTech: The Google Of The Marijuana Industry?--Although TerraTech started off somewhat rocky, I believe that no other company in the marijuana space comes close to the position they are currently in. Their corporate governance could be stronger but their accounting practices seem to be solid as they have produced audited quarterly and annual reports. As this is not required of OTC stocks, this is something that I consider outstanding. Having all aspects cornered-off (from cultivation to sale) this company can be a major player in the marijuana industry. If TerraTech can cut its cost of goods sold, cut its administrative expenses, buy back shares/quit selling stock, it is an absolute home-run buying opportunity. Even at these levels it seems like a steal. Once the liabilities are taken care of and expansion is cash-flowed from current operations, they can see substantial gains going forward. Do they have plans in acquiring other dispensaries to REALLY corner-off the market?

To put things into perspective, Apple (adjusted for stock splits) could have been bought for .20/share in 1985 during the industry’s infancy. Monster Energy (currently $49.50) could have been bought for .20/share in the energy drink industry’s infancy; marijuana is an immensely bigger market than the energy drink space, mind you. Imagine if this company turns out to be the Google of the cannabis industry. The potential is certainly there. Time will be the only determining factor. Will management decide to squander this opportunity for short-term gains? Or will they make a commitment to becoming a huge monopoly in this industry and rake in billions?