Replies to post #266929 on Blum Holdings Inc (BLMH)

[Magnum7419]

The real question to answer is Will TRTC be able to submit an application by this Friday (deadline) for New Jersey ?

[Magnum7419]

The following is what I consider waste of shareholders money IMHO



Item 6 : 5,624 a month in rent since 5/1/2014

Shareholders IMHO should be irate that the company has been paying rent on a vacant lot in Las Vegas since May of 2014 (over 5,000 a month). This location was picked for cultivation and still after four years the lot remains empty. So for 50 months shareholders have paid a total of over
$250,000 (quarter of a million dollars) for nothing IMHO



Item 7 : 24,720 a month in rent since 1/1/2017

This is the lease for Benhenberger loop (Oakland cultivation site)

Shareholders have been paying rent for 19 months total : 469,680.00 and the building is still under contruction and last filing states the company needs two million more to complete this and San Leandro.... imho

Item 12: 24720 a month in rent since 1/1/2017

This is an identical lease for San Leandro :another 469,680.00 spent on rent for the past 19 months on a vacant building that has no building permit and as of yet NOT approved by the state of California for cannabis. imho

Item 8: 28,840 in rent for BlumOak that shareholders paid 21 million dollars for the business minus real estate. imho

Item 7 and 8 and 12 all are totally or partially owned by ex insider. imho

Issues like these give the impression of waste and insider enrichment IMHO.


Who cares about New Jersey ?

[Sonnyusa]

I can’t answer your challenge but what do you know that rest of us don’t, and why is it funny?

[La Puma]

They have significant assets, such as:

Retail dispensaries in NV (4, with one being sold off) CA (2, with 2 add’l permitted and construction planned or started)

Cultivation: NV via partnership, CA via partnership, and CA permitted for additional but status unknown.

Edible Garden: New Jersey greenhouse, and operation vegetable growing and distribution to major grocery chains.

New Jersey is expected to pass recreational MJ laws yet this year, opening that market to TRTC.


BUT. BUT. BUT...........

NONE OF THE ABOVE entities or assets are currently profitable. They are ALL losing money.

This requires the company to dilute the stock to raise money to run the business by issuing more shares, continuously...

This erodes the value of your investment. Slowly but surely.

The company did a reverse split when they ran out of shares to issue, in order to free up more shares to issue.

The company is currently in litigation with the van vrede family, that owns the land the new jersey greenhouse is on, for fraud allegedly committed by the van vredes (compelling evidence that the van vrede’s were committing crimes, and TRTC is likely to prevail, but the implications for the greenhouse will likely be very disruptive to resolve)

Puma