Replies to post #242531 on Blum Holdings Inc (BLMH)

[Murph12779]

These expenses are going to continue to happen for quite some time for this so called "startup". Why waste your money in this stock now when you get nothing in return? Put your money elsewhere where you can actually make money. This stock will still be toiling in the .20's two years from now.

[Magnum7419]

"Selling, general and administrative expenses for the nine months ended September 30, 2017 were $18.65 million, compared to $13.23 million for the nine months ended September 30, 2016, an increase of $5.42 million or 41.0 percent. [color=red]The increase was primarily due to: (i) an increase in salaries and wages for operations at the MediFarm dispensaries, and at corporate which includes a $1.27 million increase in equity compensation expense issued to employees during the nine months ended September 30, 2017"[/color]

IMHO salary and wages are NOT a one time event.

[Magnum7419]

IMHO In April of 2016 the company acquired BlumOak (which included a cultivation license) Why by the end of Sept 2017 costs of raw product were up instead of down if the company was growing their own product and producing IVXX from their lab at BlumOak (no rent fee for lab)? IMHO


"For the three months ended September 30, 2017, cost of goods sold was $7.79 million, compared to $5.69 million for the three months ended September 30, 2016, an increase of $2.09 million or 36.7 percent. The increase in cost of goods sold was primarily attributable to an increase of $2.85 million from the cannabis segment, which had $6.59 million and $3.75 million cost of goods sold for the three months ended September 30, 2017 and 2016, respectively."

https://ir.terratechcorp.com/quarterly-reports#document-5173-0001477932-17-005447