Blum Holdings Inc (BLMH)

[I-Glow]

37% of TRTC common stock will be owned by the Black Oak or Blum shareholders - post merger. Peterson is once again abusing the company and shareholders.

Immediately following the effectiveness of the Merger the current Black Oak shareholders both the (Group A Shareholders and the Group B Shareholders) are expected to own approximately 36.57% of our common stock on a fully "as-converted basis".

Derek Peterson, our President and CEO, is one of the Group A Shareholders. The Group B Shareholders may also receive cash consideration equal to approximately $2,088,000.

From the Nevada dispensary application:

Blum LV, 1921 Western Ave. Owners Terra Tech Corp., Camden Goorjian, Richard Vonfeldt, manager/CFO Derek Peterson. Directors Martin Kaufman, Michael Betts. President Salwa Ibrahim, COO Ken Vande Vrede, CFO Michael James, directors Mike Nahass, Steven Ross, Mike Vande Vrede and Steve Vande Vrede, treasurer Amy Oppedisano.

It looks like all of the insiders are getting a substantial payday from the merger.

IG