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bla

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Alias Born 08/27/2015

bla

Re: On2_addict post# 216997

Tuesday, 02/14/2017 3:58:49 PM

Tuesday, February 14, 2017 3:58:49 PM

Post# of 290030
Not only for the dispensary(grow house ,name....)
The acquisition of Black Oak was accounted for in accordance with ASC 805-10 Business Combinations. The assets consisted primarily of the intellectual property and established marketing associated with the name Blüm, including its website www.blumoak.com, the medical marijuana dispensary license and customer relationships.

The following table summarizes the acquisition with an estimated purchase price (for accounting purposes as of the Closing Date) of $51,489,665:

Current assets $ 792,447

Property, plant and equipment $ 681,896

Customer relationships $ 13,406,577

Trade Name $ 6,884,441

Dispensary license $12,900,442

Liabilities $ (2,355,938 )

Total identifiable net assets $ 32,309,865

Goodwill $ 19,179,800

Net assets$ 51,489,665