Salwa Ibrahim is part owner of BlumOak along with her husband Martin Kaufman. She is also part of TRTC overseeing IVXX.
She and her husband received preferred shares of TRTC in exchange for selling BlumOak to TRTC for 51 million dollars. IMHO They did not sell the building that housed the dispensary and grow house. In fact the records I see reflect they took ownership thru their LLC less than a month before opening BlumLV in Vegas......
So they will benefit both ways and shareholders will pay all the expenses receive 50% of net profit and retain no assets since assets are located within the preferred shares.... IMHO
I wonder who spoke up for shareholders during the negotiations?
Years back, before TRTC even touched the plant, I took a business trip from the east coast to San Francisco and got in touch with DP who connected me with salwa. I rode the Bart to Oakland and she was kind enough to give me a tour. This was years ago and what sold me was how packed this place was and it was a midday weekday. Blüm does 1000 patients a day!! You had lines worse than a Walmart. She was there managing the store, manages Ivxx, the Las Vegas applications, etc. she is deeply rooted in Oakland and was around during oaksterdams heyday. This shop is well worth the price that was paid, and all the knowledge that you get from the new insiders who were in the weed Movement decades ago. This to me is now a hold until buyout stock.
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