Blum Holdings Inc (BLMH)

[IndustryParticipant]

WeHo process is going to be a while. I think final was 300 applications submitted (I thought previously was 200), which are scored by 5 individuals going through each app 1 by 1.

I would assume (having been through such many times) at least 1/3rd of applications will be nonsensical and shouldn't have been submitted to begin with, so that could make it a little quicker.

5 individuals, reviewing each app 1 by 1. (Person #1 reviews, scores app #1, then onto person #2, then #3, etc.......then onto application #2, and so on....)

Something else which could assist (in shortening the process) but is also a downside is they (WeHo) are looking more at the concepts, so, many components which would typically be in such a process are not present. I believe limits were 50 pages (25 additional pages for images and such if I recall), as opposed to a traditional full app process which can run in excess of 10,000 pages in many cases. (Our largest ever was 22,000 pages I think. It's an experience I have tried my best to forget :) LOLOL

300 apps reviewed and scored by 5 people, maximum 75 pages....one could work the math on that (process) numerous ways to come up with estimated times of completion, but any way you slice it, not going to be "quick" per se.