Blum Holdings Inc (BLMH)

[IndustryParticipant]

As each and every area they occupy (CA local, NV, NJ) have limited licenses available, I have no idea what your referring to.

Possibly your referring to CA. WeHo limit is 8. I believe Santa Ana has a cap, Oakland did as well I believe, etc. While, as previous, the state has no limits, many (most?) local jurisdictions do.

Was a good argument though as previous. (For those not knowing the industry, the various states and overviews, etc).

The more the industry opens and expands, the more restrictions and limits there are being placed on licenses issued.

Canada aside, worldwide it looks to be following the same path. (We just had a meeting overseas last week with a country developing a program which will limit licenses (cultivation, production) to just a couple. (And no, I won't say where. We're helping them develop their guidelines and program)

So, no. Argument was incorrect. When licenses are limited (in any way), value increases, and performance of specific locations further contribute to the value.

The WeHo alone could be worth 1/3rd of market cap today....