Overview of recent Due Dilligence that should be read by all investors.
In researching BlumOak and The Green Door IMHO I found a name that maybe the individual that has cross ownership and the operator ]getting 500,000 a year to "operate" Blum and receive 50% net profit of the Blum Oak Cultivation [/color]site.(Part of the Merger Agreement) IMHO "Michael Nolin, who serves as the day-to-day operator of the Green Door dispensary in San Francisco and BLUM Oakland" http://thegreendoorsf.com/bossenterprises/michael-j-nolin/
IMHO Also named in the article is Martin Kaufman, who is Salwa' Husband. IMHO
Why doesn't Salwa borrow from her husband, Martin Kaufman instead of using TRTC's funds?
The Oakland Connection
4. Rush got involved with Martin Kaufman — who operates dispensaries. Kaufman loaned Rush $600,000. Kaufman associated with John Wilcox on AgraMed, the failed plan to do a legal mega-grow in Oakland. Kaufman was in construction and helped build dispensaries. He also co-runs BLUM Oakland with his wife and Derek Peterson. Since 2013, Kaufman has been helping the feds on a voluntary basis and is not to be prosecuted, according to the affidavit.
Is Michael Nolin the beneficary of 500,000 a year to run BlumOak for us?
Last January, Gordon Galvan, one of San Leandro's most influential political insiders and current president of the Davis Street Board of Directors, presented Johnson with a proposal that would later lead to an application for San Leandro's dispensary permit. The group, named the Davis Street Wellness Center, includes medical cannabis novices Johnson and Galvan, along with industry stalwarts, John Oram the co-founder of CW Analytical, a cannabis testing and certification laboratory, and Michael Nolin, who serves as the day-to-day operator of the Green Door dispensary in San Francisco and BLUM Oakland
..... can we figure out who gets the five million a year for the cost of the Product( I thought we cultivated it)
Something tells me Michael Nolin's name may come up.....
Start up capital from Terra Tech** $ 500,000.00 $ - $ - Merchandise Sales $3,000,000.00 $6,000,000.00 $9,500,000.00 Total Revenue $3,500,000.00 $6,000,000.00 $9,500,000.00 Cost of Product $1,350,000.00 $3,000,000.00 $5,082,500.00 Cost of Testing $40,000.00 $40,000.00 $40,000.00 Packaging Supplies $30,160.00 $30,160.00 $33,176.00 CA BOE County and City Sales Tax $323,750.00 $555,000.00 $878,750.00 Total COGS $1,743,910.00 $3,625,160.00 $6,034,426.00
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