Blum Holdings Inc (BLMH)

[BidnessMan]

August 2019 the new tenant will take over - TRTC.

Link to Sacramento construction permits -https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=17&ved=2ahUKEwjhr-zxu8jjAhVyT98KHSfxB0c4ChAWMAZ6BAgHEAI&url=https%3A%2F%2Fwww.cityofsacramento.org%2F-%2Fmedia%2FCorporate%2FFiles%2FCDD%2FResources%2FIssued-Permits%2F2018-Issued-Permits%2FEXCELIssued_12-15-18.xls%3Fla%3Den&usg=AOvVaw3lj37xjzDACLbIoQo9jvBj

Apparently the City knew it was for cannibis. According to what I see it won't be TRTC's until August. Looking for previous owner. Supposedly a Cannabis grow operation legal? illegal? Who knows.

I'm guessing legal since the city approved a cannibis grow operation in that building according to the city.

Looks like a lot of work was done or is being done.



TITLE 24 COMPLIANCE: Recently installed LED lighting that conforms with the 2019 Building Energy Efficiency Standards.

POWER: Recently installed 4,000 amps of 480v high voltage power.

SECURITY: Fully fenced and gated yard with 24 hour surveillance and an on-site security guard.

PERMITS: Owner holds a Conditional Use Permit (CUP), a Business Operating permit (BOP), a Temp State License and a Waterboard permit. Applying for State Provisional License.

CUSTOM TURN-KEY: Custom turn-key indoor cultivation facility, designed by highly experienced growers, who produced top-shelf flower for over a decade.

LEASE: One year into, first five (5) year term at $2.00 NNN. Three five (5) year renewals, with increases capped at 3% annually. Estimated projected annual gross revenue for the first year is $5 million

IMPROVEMENTS: 7,500 sq. ft. of canopy to be allocated to 5 hydroponic flower rooms with the latest racking system and double stacked LED technology.

OPTIMIZATION: Facility is designed for efficiency, effective environmental control and optimized productivity. Separate air systems provide maximum protection from cross contamination.

CULTIVATION: Hydroponic cultivation, automatic drip systems, Cutlivair HVAC systems & commercial grade dehumidifying systems