Bluma Wellness Inc. Provides End-of-Month Operations Update and Financial Highlights for September 2020 – Yahoo Finance


Bluma Wellness Subsidiary One Plant Florida Sees 71 Percent Increase in Revenue and 49 Percent Increase in Ounces of Medical Cannabis Sold For the Month of September Over the Prior Month of August

Bluma Wellness Inc. (the “Company” or “Bluma Wellness”) (CSE: BWEL.U) is pleased to provide its patients and investors with an end-of-month sales and operations report for the month ended September 30, 2020. These financial results have not been reviewed or audited by the Company’s auditors.

Financial Highlights, September 2020

Bluma Wellness is pleased to provide the following sales and financial highlights from the month of September 2020:

Revenue1: $1,738,275

Gross Price Per Pound2: $7,291.45

Ounces of Dried Medical Cannabis Flower Sold: 3788 oz

Milligrams (mg) of tetrahydrocannabinol (THC) Sold: 3,114,914 mg

During the month of September, One Plant Florida, the Company’s wholly-owned, licensed operating subsidiary, averaged sales of 763 ounces of dried medical cannabis flower per retail dispensary, and 758,218 mg of distillate/oil sold per retail dispensary. Those sales positioned One Plant Florida third in ounces of dried medical cannabis flower sold per retail dispensary when compared against all other Medical Marijuana Treatment Centers (“MMTCs”) in Florida, and ninth in mg of THC sold per retail dispensary when compared against all MMTCs in Florida, in each case according to published data from the Florida Office of Medical Marijuana Use (“OMMU”).

THC Sold (mg)/average oz sold per retail dispensary compared to competitors, September 20203

Trulieve: 1544 oz of dried flower / 4,321,854 mg of THC sold per dispensary, number one in average ounces of flower sold per dispensary

GTI: 768 oz of dried flower / 685,417 mg of THC sold per dispensary, number two in average ounces of flower sold per dispensary

One Plant: 763 oz of dried flower/ 758,218 mg of THC sold per dispensary, number three in average ounces of flower sold per dispensary

Grow Healthy: 706 oz of

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