Blum Holdings Inc (BLMH)

[On2_addict]

TRTC and Marijuana - Quotes from CEO Derek Peterson

Quotes from CEO Derek Peterson


"We are obviously looking at moving closer to the plant. We may not wait for a complete green flag from the Feds. We are trying to balance our entry to be in the market before competitors arrive. If Philip Morris comes in, or pharma companies, we want to grow for them."

"The only way to grow cannabis on a large scale commercially and maintain quality is in closed, Dutch-style greenhouses. I want to make sure we have one in every major city."

"Fast forwarding a couple of years from today, one reason we wanted to build a large sustainable hydroponic footprint was, yes, to grow food, but down line when the Feds do remove restrictions and begin to ease, you will be able to cross state lines with cannabis. Here was a way for us to build out an infrastructure ahead of time, put in an operating business that was shareholder friendly, and our ultimate goal was to release a brand of cannabis in the industry. We believe it is timely, and have worked on branding. We will probably be announcing some brands this year in anticipation of Federal regulators reclassifying cannabis from schedule 1 to less than schedule 1."