Blum Holdings Inc (BLMH)

[WtdoIknow]

NVC newswire

Cannabis Segment Updates:
Nevada:
Blüm dispensaries in Nevada expanded sales activities to include the adult-use market on July 1, 2017.
Announced plans to acquire 50% of NuLeaf Sparks Cultivation LLC and NuLeaf Reno Production LLC to fast track Terra Tech’s cultivation and production facilities.
In August 2017, the Company acquired an additional 38% ownership in MediFarm. Previously, the Company owned 60%. As of September 30, 2017, the Company has 98% ownership of MediFarm.
California:
Expanded retail operations into Santa Ana, Southern California, through the acquisition of the assets of Tech Center Drive Management LLC, which operated The Reserve OC medical cannabis dispensary. Subsequent to the closing, The Reserve was rebranded as a Blüm dispensary.
Signed the second Craft Cultivator agreement to grow the Company’s proprietary high grade “IVXX™” cannabis flowers and oils. The farm, Cultivar Inc., is located in Salinas, California and is approved for up to six acres of cannabis cultivation, to be grown in high tech, climate-controlled greenhouses.