Blum Holdings Inc (BLMH)

[kevindenver]

The recent dispensary sales at $10 Million each can be used as a clue to BLUM Oaklands value.
https://www.otcmarkets.com/stock/TRTC/news/Terra-Tech-Corp-Announces-Sale-of-Blm-Desert-Inn-Retail-Dispensary-for-10-Million?id=227676


What was the total cost the bagholders paid for Blum Oakland?
I see there is about $30 million GOODWILL alone in the transaction.

Does that asset still have that "goodwill" value?
Does it if the revenues are flat to declining and losses increasing?

Was this asset even worth the consideration received in retrospect? Was it truly an arms length transaction?

IMO California is going to be a tough market for all legal operators.

https://www.cnbc.com/2019/07/11/las-black-market-for-weed-threatens-the-growth-of-its-legal-business.html?fbclid=IwAR0DLKQrWSRuKxI2YcaUbY4Tt4cvwz7gMraSP9PANftjhsu9h5Gl3_GsQJE

All legal companies are facing tough black market competition, only the well financed will survive.

TRTC is not well financed and has a major asset of questionable value due for a goodwill asset write down. IMO.