Blum Holdings Inc (BLMH)

[Magnum7419]

IMHO "Over ten years ago, the Vande Vrede family underwent a massive farm expansion and NB Plants was born"
http://www.ediblegarden.com/nb-plants/


IMHO "In 1973, The Vande Vrede’s opened a small garden center on their New Jersey farm. Over the years, the family and their staff have spent countless growing seasons cultivating a wide variety of both annual and perennial plants. Gro-Rite has developed an outstanding reputation for employing a kind and knowledgeable staff,"

IMHO http://www.ediblegarden.com/gro-rite-greenhouses/

IMHO "Edible Garden is dependent on one major customer. During fiscal 2015, approximately 74% of its sales were derived from one
customer, NB Plants. "

IMHO http://ir.terratechcorp.com/all-sec-filings/content/0001477932-16-009227/0001477932-16-009227.pdf

VANDEVREDE MIKE Director 04/12/2016 Sell direct 100,000 0.3726 1,056,944

VANDEVREDE STEVE Director 04/08/2016 Sell direct 92,500 0.3782 819,444

VANDEVREDE KEN Officer 04/06/2016 Sell direct 25,000 0.3500 522,071
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"Edible Garden relies on a combination of trademark laws, trade secrets, confidentiality provisions, and other contractual provisions to
protect its proprietary rights, which are primarily its brand names, marks, and proprietary pods and seeds. Edible Garden owns
trademarks but does not own any patents"

We acquired our second wholly-owned subsidiary, Edible Garden, in 2013. Edible Garden is a retail seller of locally grown hydroponic
produce, herbs, and floral products which is distributed throughout the Midwest and the Northeast United States. We entered into a
Share Exchange Agreement, dated March 23, 2013 (the "Share Exchange Agreement"), by and among the Company, Edible Garden ,
and the stockholders of Edible Garden. Pursuant to the Share Exchange Agreement, we offered and sold 1,250,000 shares of our
Common Stock in consideration for all the issued and outstanding shares in Edible Garden. Separately, Amy Almsteier, one of our
stockholders and directors (and, at the time, an executive officer), offered and sold 7,650,000 shares of our Series B Preferred Stock to
Kenneth Vande Vrede, Michael Vande Vrede, Steven Vande Vrede, Dan Vande Vrede, Beverly Willekes, and David Vande Vrede
(collectively, the "Former EG Principal Stockholders"). The 7,650,000 shares of Series B Preferred Stock are convertible at any time
into 36,344,198 shares of Common Stock and have voting power equal to 765,000,000 shares of Common Stock.