Replies to post #273292 on Blum Holdings Inc (BLMH)

[Magnum7419]

Most new investors will be shocked to learn EG simply markets and packages the product for a 10% commission on sales from local farmers....... and that's another reason EG is not profitable IMHO

[batguanno]

Yes. They sell lettuce. A lot of lettuce. They sell it to Wal-Mart's, Stop n shop, Krogers, Foodtown, Keyfood, CTown, Fresh Direct. Not to mention Dagostinos, food Emporium and Shoprite. You should be impressed.

[kevindenver]

TRTC has been selling produce for a net loss since inception and hasn't grown sales, but instead has increasing losses.

Edible gardens is an underperforming division and the facts agree.

FROM THE MOST RECENT FINANCIALS, on page 27 and 28
http://archive.fast-edgar.com//20181108/AUZMO22CZ22FK2PN222A2WZ2N9QGZZ27Z2A2/

For the Nine Months Ended September 30, 2017:
Herbs and Produce Products = $4,126,710 in revenue and net loss of ($1,750,288)

For the Nine Months Ended September 30, 2018:
Herbs and Produce Products = $3,970,161 in revenue and net loss of ($2,127,881)

So per the financials comparing 2018 versus 2017 for the latest 9 months of the Edible Garden division revenues were lower by $156,549 and losses increased by $377,593.