Blum Holdings Inc (BLMH)

[all4weed]

I am disappointed with their results, their earlier guidance was $120-130 mil with all them combined, with this run rate and 5-10% qtr growth, they won't be more than than 90-95 mil with all the quarter's growth rate unless they are adding more stores.

The only way this goes up is that their x directors or x ceo's return back the shares they have been allotted and reduce the outstanding by 50-100 mil shares to accommodate the less revenue they will generated compared to the proforma revenues they had earlier suggested.

The paid a lot more in shares for companies that are not generating the revenue at which they got evaluated. They need to reduce the share count to reflect that by 50-100 mil shares,