Blum Holdings Inc (BLMH)

[madness420]

Just How much of MediFarm is owned by TRTC, and how much is owed by locals, since it isn't a wholly own subsidiary according to this press release? What percentage of revenues is kept by TRTC? I can't seem to find out. I have left a message concerning this matter with investor relations and have yet to receive a response. Anyone have a clue. Big red flag?

http://finance.yahoo.com/news/terra-tech-releases-financials-quarter-032124531.html

To compete successfully in the state it was important for us to align ourselves with locals who have some ownership of the MediFarm LLC's. We did not, however, want to give up the revenue and profit potential over the long run, so we swapped an initial equity distribution for Terra Tech to have the right to the majority of the revenue and net profits of the operations. This was a strategic move as we see significant growth in the state over the next several years," explains Derek Peterson CEO of Terra Tech.