Bluma Health Inc. Offers End-of-Month Operations Update and Financial Emphasizes for …

TORONTO–( SERVICE WIRE)– Bluma Health Inc. (the “ Business” or “ Bluma Health“) (CSE: BWEL.U) is happy to offer its clients and financiers with an end-of-month sales and operations report for the month ended November 30, 2020. These monetary outcomes have actually not been evaluated or investigated by the Business’s auditors.

Monetary Emphasizes, November 2020

Bluma Health is pleased to offer the following sales and monetary highlights from the month of November 2020:.

  • Gross Income 1: $2,414,915.
  • Incomes less expense of sales prior to reasonable worth changes: $912,000 or 52% of net earnings.
  • Gross Rate Per Pound 2: $6,322.36.
  • Ounces of Dried Medical Cannabis Flower Sold: 5947.79 oz.
  • Milligrams (mg) of tetrahydrocannabinol (THC) Offered: 4,864,275 mg.

Throughout the month of November, One Plant Florida, the Business’s wholly-owned, certified operating subsidiary, increased its overall ounces of dried medical cannabis flower offered by 22% from its sales in the month of October. One Plant Florida balanced sales of 991 ounces of dried medical cannabis flower per retail dispensary, and 810,713 mg of distillate/oil offered per retail dispensary in the month of November. Those sales placed One Plant Florida 2nd in ounces of dried medical cannabis flower offered per retail dispensary when compared versus all other Medical Marijuana Treatment Centers (“ MMTCs“) in Florida, and ninth in mg of THC offered per retail dispensary when compared versus all MMTCs in Florida, in each case according to released information from the Florida Workplace of Medical Marijuana Usage (“ OMMU“).

THC Sold (mg)/ typical oz offered per retail dispensary compared to rivals, November 2020 3

  • Trulieve: 1,498 oz of dried medical cannabis flower/ 4,017,672 mg of THC offered per dispensary, top in typical ounces of medical cannabis flower offered per dispensary.
  • One Plant Florida: 991oz of dried medical cannabis flower/ 810,713 mg of THC offered per dispensary, second in typical ounces of medical cannabis flower offered per dispensary.
  • GrowHealthy: 860oz of dried medical cannabis flower/ 1,788,036 mg of THC offered per dispensary, number 3 in typical ounces of medical cannabis flower offered per dispensary.
  • GTI: 674oz of dried medical cannabis flower/ 921,743 mg of THC offered per dispensary, number 4 in typical ounces of medical cannabis flower offered per dispensary.
  • AltMed Florida (MuV): 545oz of dried medical cannabis flower/ 2,112,962 mg of THC offered per dispensary, number 5 in typical ounces of medical cannabis flower offered per dispensary.
  • Harvest: 514oz of dried medical cannabis flower/ 744,278 mg of THC offered per dispensary, number 6 in typical ounces of medical cannabis flower offered per dispensary.
  • Surterra Health: 374oz of dried medical cannabis flower/ 1,447,759 mg of THC offered per dispensary, number 7 in typical ounces of medical cannabis flower offered per dispensary.
  • Curaleaf: 368oz of dried medical cannabis flower/ 1,790,861 mg of THC offered per dispensary, number 8 in typical ounces of medical cannabis flower offered per dispensary.

Looking Ahead (Fall/Winter 2020-2021)

Bluma Health is pleased to reveal that a person Plant Florida means to open its seventh retail dispensary and shipment center area in the State of Florida, in Fern Park (Orlando), on or prior to December 23, 2020, pending the invoice of all needed community and regulative approvals, consisting of from the OMMU.

Furthermore, the Business means to open One Plant Florida’s 8th retail dispensary and shipment center area in Florida in North Miami on or prior to January 18, 2021, pending invoice of all community and regulative approvals, consisting of from the OMMU. The Business even more means to open extra One Plant Florida retail dispensary and shipment center places in Bonita Springs (Naples), Florida in early February 2021, and in Tallahassee, Florida in late February 2021, in each case based on the invoice of all needed community and regulative approvals, consisting of from the OMMU.

” Bluma Health eagerly anticipates topping an unbelievable year of development in 2020 with the prepared opening of One Plant Florida’s seventh retail dispensary and shipment center, in Fern Park, prior to completion of the year,” stated Brady Cobb, Ceo of Bluma Health. “One Plant Florida stays in the leading 3 amongst Florida MMTCs in volume of medical cannabis flower offered per retail dispensary in Florida. We have actually made the tactical choice to slow the total speed of our brand-new dispensary openings so we can examine both the output from our brand name brand-new growing centers in Indiantown, in addition to sales throughout our existing retail dispensary places, with completion objective of attaining the most large and lucrative retail dispensaries and shipment center places in the state.”.

” I ‘d likewise like to thank the whole group at Bluma Health and One Plant Florida and all of our clients for assisting to make 2020 such an unbelievable year for our business,” included Cobb. “From our households to yours, we want you Delighted Vacations and a Pleased New Year.”.

Bluma Health opened One Plant Florida’s 6th retail dispensary area and shipment center in the State of Florida, situated in Avon Park, on October 19, 2020. The retail dispensary and shipment center is centrally situated at 299 U.S. Highway 27 S, Avon Park, FL 33825, permitting One Plant Florida to serve competent clients in Highlands County and throughout Central Florida. Certified clients can find out more about One Plant Florida’s retail dispensary places by going to www.oneplant.us.

About Bluma Health Inc.

Bluma Health Inc. owns and runs a vertically-integrated, certified medical cannabis business in the State of Florida working as “One Plant Florida.” One Plant Florida cultivates, procedures, gives and retails medical cannabis to certified clients in the State of Florida through several retail dispensaries and an ingenious next-day door-to-door e-commerce house shipment service, thus providing hassle-free gain access to for its clients and fulfilling the needs of a progressing retail landscape. Bluma Health prepares to continue broadening its growing and circulation operations as the Florida market grows and might participate in other US states where the production, circulation and usage of cannabis is allowed under state law.

Extra Info

The Business’s securities have actually not been and will not be signed up under the U.S. Securities Act and might not be used or offered in the United States or to a U.S. Individual missing registration or a suitable exemption from the registration requirement. This news release will not make up a deal to offer or the solicitation of a deal to purchase nor will there be any sale of the securities in any jurisdiction in which such deal, solicitation or sale would be illegal.

Forward-Looking Info

This press release includes “positive info” within the significance of relevant Canadian securities laws consisting of info associating with the prepared opening of extra One Plant Florida retail dispensaries and shipment centers in Florida and the Business’s tactical service strategies. Although the Business thinks, because of the experience of its officers and directors, present conditions and anticipated future advancements and other aspects that have actually been thought about suitable, that the expectations shown in this positive info are sensible, excessive dependence ought to not be put on them since the Business can provide no guarantee that they will show to be appropriate. Readers are warned to not position excessive dependence on positive info. Real outcomes and advancements might vary materially from those pondered by these declarations due to a range of recognized and unidentified dangers and unpredictabilities consisting of, without restriction: dangers associating with cannabis being prohibited under United States federal law and dangers of United States federal enforcement actions connected to cannabis activities; the Business’s capability to abide by all relevant governmental guidelines in an extremely controlled service; unfavorable modifications in the political environment or in the policy of medical cannabis in the state of Florida; the danger of any interruptions to the Business’s service and operations as an outcome of the COVID-19 pandemic; unfavorable shifts in popular opinion and understanding of the cannabis market and cannabis intake; increasing competitors in the market; dangers of item liability and other safety-related liability as an outcome of use of the Business’s cannabis items; the Business’s restricted operating history without any guarantee of success; the capability of the Business to gain access to future funding if required or on terms appropriate to the Business; the danger of defaulting on its existing financial obligation; danger of lacks of or rate boosts in essential inputs, providers and competent labor; the dangers fundamental in running farming operations such as bugs and crop failure; loss of licenses; dependence on essential workers; cybersecurity dangers; restraints on marketing items; deceitful activity by staff members, specialists and experts; tax and insurance coverage associated dangers and danger of lawsuits.

The positive info in this news release are made since the date of this release. The Business does not carry out any commitment to upgrade positive info other than as needed by relevant securities laws.


1 IFRS.

2 Gross Rate per Pound is computed as overall earnings divided by overall pounds of dried medical cannabis flower offered.

3 https://knowthefactsmmj.com/about/weekly-updates/.

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