Replies to post #142449 on Blum Holdings Inc (BLMH)

[kevindenver]

That's in your opinion, and I disagree. TRTC is very restrained compared to it's "peers" in terms of PR releases.

[Magnum7419]

During the six months ended June 30, 2015, our subsidiary, IVXX, purchased raw materials totaling $208,002 from an entity in which our Chief Executive Officer has an ownership interest. IVXX also sold finished goods amounting to $332,752 to that same entity. The terms of the purchases of the raw materials and sales of the finished goods were at arms-length. There was an accounts receivable balance from this entity in the amount of $31,980 as of June 30, 2015.

Revenues. For the six months ended June 30, 2015, we generated revenues of $5,787,643, compared to $4,272,120 for the six months ended June 30, 2014, an increase of $1,515,523. The increase was primarily due to revenue generated by Edible Garden Corp for the sales of its herbs and floral products and IVXX from the sale of its cannabis products.

Gross Margin. Our gross profits for the six months ended June 30, 2015 was $491,329, compared to a negative gross margin of $97,547 for the six months ended June 30, 2014, an increase of $588,876. Our gross margin for the six months ended June 30, 2015 was 8.49%, compared to negative 2.28% for the six months ended June 30, 2014. The increase in gross margin was primarily due to better margins from Edible Garden as a result of the completed greenhouse facility with high-tech Dutch bucket hydroponic equipment and the sales generated from IVXX from the sale of its cannabis products.

Selling, General and Administrative Expenses. Selling, general and administrative expenses for the six months ended June 30, 2015 were $5,693,131, compared to $6,095,882 for the six months ended June 30, 2014, a decrease of $402,751.

Net Income (Loss). We incurred a net loss of $4,833,080, or $0.02 per share, for the six months ended June 30, 2015, compared to a net loss of $9,471,567, or $0.06 per share, for the six months ended June 30, 2014. The primary reasons for the improvement in net loss is an increase in revenue, a decrease in cost of goods sold (as a percentage of revenue), an absolute decrease in sales, general and administrative expenses, and a reduction in the issuance of convertible debt and warrants issued during the six months ended June 30, 2015 compared to the first six months of fiscal 2014.

http://ih.advfn.com/p.php?pid=nmona&article=68152195

[hobowilly]

Have to disagree.

I am a strong but (sometimes too) critical supporter.

I don't view those PRs as "fluff" at all becuase they are actual facts. For me, "fluffs" are touting future events that probably will not happen, intangeable things.

I wish they would be more open and transparent but I do not see these as "fluffs"

IMHO