Blum Holdings Inc (BLMH)

[maman9]

The net result for the year ended December 31, 2013 was a loss of $6,148,351 or $0.06 per share, compared to a loss of $5,836,369 or $0.08 per share for the prior year. Management will continue to make an effort to lower operating expenses and increase revenue. The Company will continue to invest in further expanding its operations and a comprehensive marketing campaign with the goal of accelerating the education of potential clients and promoting the name and products of the Company. Given the fact that most of the operating expenses are fixed or have quasi-fixed character management expects them to significantly decrease as a percentage of revenues as revenues increase.