Earlier this month, Bloom Health Partners (CSE BLMH) closed the first tranche of a $2 million private placement, for gross proceeds of $1.03 million. On top of this, the company recently reported a very strong second quarter, reporting revenue of $11.1 million.
For a company currently valued at only $7.42 million, these metrics are really impressive. For the first half of the year, BLMH has already recorded $16.9 million in revenue. The company is currently on track to reach its yearly guidance of $28 million in revenue, which should see Bloom’s SP drastically increase.
Despite a recent dip, Bloom has managed to maintain relatively strong performance contrary to the bearish market. BLMH is currently up over 30% from recent lows in late May, trading at $.195.
https://ceo.ca/@newsfile/bloom-health-partners-announces-closing-of-first-tranche