Blum Holdings Inc (BLMH)

[BriarPatch]

never got around to finishing...

Cliff Notes for ’17 Annual CC:

1) Generated yearly Revenues of 35.8 million compared to 25.3 million, an increase of 10.5 million or 41.4%.

2) Cannabis segment increased 127.4% due to the higher sales from the company’s four Nevada-based Blüm Dispensaries.

3) 4Q Revenue was 11.01 million compared to 7.13 million (’16), a 54% increase.

4) Annual Gross Profit was 5.48 million compared to a Gross Profit of 2.57 million (’16), an increase of 2.9 million or 112.9%.

5) Annual Gross Margin percentage was 15.3 % compared to 10.2 % (’16), an increase of 5.1%.

6) Annual Gross Margins at Edible Gardens increased slightly to 8.6% from 8.2% gross margin (’16), an increase of .4%.

7) Annual Selling General and Administrative expenses were 25.4 million compared to 20.7 million (’16), an increase of 4.6 million or 22.4%.

8) Annual Net Loss was approximately 32.68 million, compared to a net loss of 26.92 million (’16), an increase of 5.76 million or 17.63%.

9) A Cash Balance of approx. 5.45 million.

10) No short-term Debt as of December 31, 2017 compared to approximately $564,000.00 as of December 31, 2016.

11) Long-term Debt increased from approx. 1.4 million (’16) to approx. 6.6 million, an increase of 5.2 million.

12) Stockholders Equity is approx. 76.8 million compared to 52.2 million (’16), an increase of 32.03%.

13) p11

https://www.sec.gov/Archives/edgar/data/1451512/000147793218001372/trtc_ex992.htm



business is blüming!!!