Blum Holdings Inc (BLMH)

[traderfjp]

I only see upside for this stock. Once they exercise the options and stock for Hydrofram and put this money to good use we should see a nice pop. They are also closing the sale of several dispensaries. Once the pot sector comes back into favor we will see this stock move 50% in a day. That is how this stock plays. If it wasn't for Bitcoin and the like all the speculation would be in this sector, imho. Eventually the Biden admin will get around to working on pot reform. Once pot is decriminalized it will be a game changer. We will see lots of mergers and big companies scrambling to get a foothold in this sector. The Pandemic should be behind us soon which will increase traffic to dispensaries and demand for product. The owners who own a crap load of stock want to build shareholder value for their own reasons which will benefit all of is. This stock will find a bottom and then go up. I can show you stock chart after stock chart of stocks selling off sharply only to move up and make new highs. If the management executes properly we could be looking at a stock in the 5-7.00 range. We shall see but it's not all doom and gloom.