Blum Holdings Inc (BLMH)

[Kflawn]

it might be a smart move i dont know the company intamently enough to say if it was smart or stupid. what really matters is why did they sell.

1. move to bettet location. could be a good move derpeneds on how long the move takes. forinstance if new location earns double the profit but takes 3 years to open this move wont break even for six years.

2 could have sold to build out one of thier cultivation permits.


3 worst reason possible. could have sold to pay daily operating exspenses.

4. there is a bunch of other good reasons to sell and as long as the money isnt pissed away then it will be a good move but it shows a struggleing company in my opnion.