Blum Holdings Inc (BLMH)

[Magnum7419]

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.