Blum Holdings Inc (BLMH)

[greens12]

"California allows mutual benefit corporations to merge with for profit corporations. So, if I wanted to restructure my California nonprofit mutual benefit corporation into a regular for profit corporation so that I could issue stock to new investors, I could form a new for profit corporation, execute a merger with the mutual benefit corporation, and then walk away with the new for profit company as the surviving entity. It’s a little more complicated than that, but it’s possible."