Blum Holdings Inc (BLMH)

[BriarPatch]

multiple reasons

"Purpose of Implementing a Reverse Stock Split

The Board recommends granting it authority for one or more reverse stock splits for the following reasons:

The Board believes that a reverse stock split is the most effective means of increasing the per-share market price of our Common Stock in order to satisfy certain quantitative standards for it to become listed on a securities exchange;

The Board believes that a higher per-share market price of our Common Stock could encourage greater investor interest in us and promote greater liquidity for our stockholders; and

The Board believes that a reverse stock split is advisable to maintain our financing and capital-raising ability and better position us to continue and/or expand our operations."

https://www.sec.gov/Archives/edgar/data/1451512/000147793217004030/trtc_def14a.htm

two out of three ain't bad...

business is blüming!!!