Blum Holdings Inc (BLMH)

[AC7880]

This is not the TRTC nor political landscape of 2014,15,16,17.

I agree Q1 will not be amazing nor astounding (nor horrible either). Q2 and Q3 will show improvements. Q4 even more so.

Yes we will "probably" see wild pps fluctuation in 2018. No big deal. Ride out the lows or accumulate on lows. Just as it ever was. Hysteria on every dip helps no one.

Why 2018 is not the past:

- CA recreational sales - a brand new thing.

- CA new dispensaries opening Q2 or Q3.

- CA and NV cultivation begins Q2 or Q3. Cultivation WILL equal increased revenue once the start up problems are solved,

- NJ late 2018 or nlt mid 2019.

- Politicians are climbing on board.
-- Boehner, who is still connected politically, is on board for weed.
-- McConnell on board for hemp.
-- Trump on board for states rights.
-- More politicians signaling either acceptance or out right support.

- More states legalizing - cannot jam the genie back in the bottle.

- Voter polling shows increased support for complete legalization.

- The RS is over and done with. Share structure is fixed. The RS gave us agreement for 40 million in 8 tranches. Would never have happened without the split fixing the share structure. No need for another RS for at LEAST 2 years, and probably never.

Yes, there will be dilution. Dilution = expansion. Expansion = dilution. Expansion = eventual revenue.

You can live in the past of TRTC problems, or you can do some research, read the tea leaves, consider what the future offers, and move forward.

Load up and prosper. Or watch from the sidelines and check back on 30 Dec 2018 and we shall see.