Replies to post #221023 on Blum Holdings Inc (BLMH)

[sleepernw]

Cannabis Revenue $5,887,038 Blum dispensaries avg $392K per month Jan - Mar (if my math is correct)

[Magnum7419]

That was as of March 31th.......If one reads further they spent millions on those that asked for cash on the BlumOak deal.......

Liability jumped from 12 to 16 million..........



Black Oak Gallery Contingent Consideration Liability

Subsequent to the quarter ended March 31, 2017, the Company is required to release from escrow common stock equivalent of approximately 18,090,000 shares of its common stock and make a cash payment of $2,088,000 in connection with the Black Oak Gallery acquisition and the associated contingent consideration liability. Common stock equivalent of approximately 32,336,000 shares were clawed-back pursuant to the appreciation of the quoted price of the Company’s stock underlying the market-based component of the contingent consideration.

[I-Glow]

You need to understand that the cash isn't from operations - it is from financing activities which is extremely bad.

Just looking at the Cash and saying it is $10 million is terribly misleading if you don't take a closer look at the financials.

IG