Blum Holdings Inc (BLMH)

[madness420]

What did TRTC get in return for giving up such a large portion(-45%) of the revenues in Medifarm(s).TRTC put up millions to hopefully acquire state Licenses. How does giving away so much future revenue increase shareholder value? What did these partners do or going to do to justify giving them upward of 100m a year in revenues?

The only way that this would make sense is that these partners have agreed to fund all the costs of construction of the new facilities and if not who would ever fund TRTC moving forward knowing half of their future revenue is off the table?.

Anyone care to take a crack at this?

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.

MEDIFARM, MEDIFARM1, MEDIFARTM2

MEDIFARM-WE own 60% of the membership interests in MediFarm. The remaining membership interests are owned by Camden Goorjian (20%) and by Richard Vonfeldt (20%), two otherwise unaffiliated individuals.We expect MediFarm to operate medical marijuana cultivation, production and dispensary facilities in Clark County, Nevada and a medical marijuana dispensary facility in the City of Las Vegas.

MEDIFARM1-We own 50% of the membership interests in MediFarm I. The remaining membership interests are owned by Forever Green NV, LLC (50%), an otherwise unaffiliated entity. Upon receipt of the necessary governmental approvals and permitting, we expect MediFarm I to operate a medical marijuana dispensary in Reno, Nevada.

MEDIFARTM2-We own 55% of the membership interests in MediFarm II. The remaining membership interests are owned by Nevada MF, LLC (30%) and by Forever Green NV, LLC (15%), two otherwise unaffiliated parties. Upon receipt of the necessary governmental approval and permitting, we expect MediFarm II to operate a medical marijuana cultivation and production facility in Spanish Springs, Nevada.