Blum Holdings Inc (BLMH)

[grizzlyman69]

Total revenues generated for the quarter ended March 31, 2018 were approximately $8.6 million, an increase of 26% from $6.8 million in the same period in 2017

Gross margin for the quarter ended March 31, 2018 amounted to approximately 19.1%, compared to approximately 5.3% for the quarter ended March 31, 2017.

The net loss attributable to Terra Tech for the quarter ended March 31, 2018 was approximately $(10.0 million), or ($0.16) per share compared to a loss of approximately $(10.1 million) or ($0.27) per share for the quarter ended March 31, 2017.

Selling, general and administrative expenses for the first quarter ended March 31 of 2018 were $8.4 million compared to $6.4 million for the first quarter ended March 31st of 2017, an increase of approximately $2 million or 31.9% percent. The increase is partially due to an increase in the salaries and related payroll tax expenses due to new hires.


Much of the increased SGA are costs associated with current,ongoing expansion of numerous facilities for increased cultivation and production which have yet to produce any revenue but will begin to in the VERY NEAR future.Much of this will happen in the coming months short term,as well as the coming years in the long term.It is WELL KNOWN that increased cultivation will DECREASE PRODUCTION COSTS SIGNIFICANTLY for TRTC/BLUM going forward while increasing profit margins.So YES,I stand by my statement that expenses ARE DECREASING proportionally to the amount of business being done.You may cherry pick some numbers and twist them to your liking,but I will keep my eyes on the whole and complete BIG PICTURE.