Replies to post #270613 on Blum Holdings Inc (BLMH)

[Cheetah Man Iowa]

“In particular, we sold our Western Avenue, NV, location and purchased a retail property in the heart of the booming Downtown Las Vegas trade area, which we plan to convert the building into a Blüm™ retail dispensary.” DP

Terra Tech Corp Reports Financial Results for the Third Quarter of 2018 https://finance.yahoo.com/news/terra-tech-corp-reports-financial-211500792.html

[Cheetah Man Iowa]

It was a better location.

[AC7880]

TRTC sold the worst performing location in Las Vegas for 6.25 million, and have acquired a new store front in a MUCH better location.

On top of that, last quarter and this quarter conference calls, they announced they are applying for more licenses than they actually need in some areas, with the plan to flip some for profit.

It's a new revenue stream with the Western Street sale, and planned sales of excess to needs locations in the future. TRTC has so far had 100% success on applications (which I expect to not stay 100% as time goes on).

You have never seen big box stores change locales to better locations in the past? This is a common business practice.

[DD8]

Nevada has a limited number - 4 dispensaries per one company. In order to qualify and apply for new dispensaries, TRTC needed to sell some original ones (TRTC owned 4 dispensaries in Nevada from the first round of permits).

[JimofRidge]

That recoup of a bad investment is about the only way they can generate cash. Edible Gardens has lost money every year since 2014 Its Branded Cannabis line IVXX , the Blum Dispensary all are failing. The Adverse Opinion issued by the auditors shows poor financial controls. To say an asset sale is a good start to the 4th Qt says all you need to know. All the assets should be for sale. For this management team to get their hands on Golden Leaf Holdings and do to this company what they have done to TRTC is outrageous!They cannot hide behind the numbers! All kinds of excuses were given at the 10Q conference call. The only bright spot was the announcement of the merger with Golden Leaf Holdings. The stockholders will not approve of this merger. It may not get to that point if TRTC continues its downward cash spiral.

[Djdjdjdj]

I’ve been wishing they’d unload that losing dispensary for a while. I even wrote the company begging them to move it. They finally listened to the numbers and sold it. I’ve never seen it busy. The other two in Vegas I have seen busy. That one - the Western store was a nice place just never had customers. They did a service to the shareholders by unloading it. Smart!