Blum Holdings Inc (BLMH)

[DD8]

TRTC paid $22.9 million" (not 51 plus million) for Blum , Oakland CA. 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.

Info from FORM 8-K/A
Amendment No. 2 Date of Report (Date of earliest event reported): December 23, 2015 (Received on March 1, 2016).