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Replies to post #145252 on Blum Holdings Inc (BLMH)
mfdesigner
11/11/15 11:09 AM
#145255 RE: RML65 #145252
During the nine months ended September 30, 2015, our subsidiary, IVXX, purchased raw materials totaling $233,735 from an entity in which our Chief Executive Officer has an ownership interest. IVXX also sold finished goods amounting to $336,357 to that same entity. The terms of the purchases of the raw materials and sales of the finished goods were at arms-length. There was no accounts receivable balance from this entity as of September 30, 2015.