Replies to post #216997 on Blum Holdings Inc (BLMH)

[GreenReality]

Disagree.

[bla]

Not only for the dispensary(grow house ,name....)
The acquisition of Black Oak was accounted for in accordance with ASC 805-10 Business Combinations. The assets consisted primarily of the intellectual property and established marketing associated with the name Blüm, including its website www.blumoak.com, the medical marijuana dispensary license and customer relationships.

The following table summarizes the acquisition with an estimated purchase price (for accounting purposes as of the Closing Date) of $51,489,665:

Current assets $ 792,447

Property, plant and equipment $ 681,896

Customer relationships $ 13,406,577

Trade Name $ 6,884,441

Dispensary license $12,900,442

Liabilities $ (2,355,938 )

Total identifiable net assets $ 32,309,865

Goodwill $ 19,179,800

Net assets$ 51,489,665

[StevenRisk]

TRTC paid over $50 million to insiders in purchasing the non profit Blum Oakland dispensary. That should make investors sick enough.

Totally false. The PPS at the time of the announcement was .09 Yes it went up 200% since then. In essence anyone who owned at that time has profited 200% also.Time to move on?

[DD8]

California and Blum Oakland dispensary will be for profit no later than January 1, 2018.

[DD8]

TRTC paid $22.9 million" (not 51 plus million) for Blum , Oakland CA. Acquisition of Black Oak was accounted for in accordance with ASC 805-10 Business Combinations. The assets consisted primarily of the intellectual property and established marketing associated with the name Blüm, including its website www.blumoak.com, the medical marijuana dispensary license and customer relationships.

Info from FORM 8-K/A
Amendment No. 2 Date of Report (Date of earliest event reported): December 23, 2015 (Received on March 1, 2016).

[BriarPatch]

Check you numbers...
If memory serves Blüm/oak was bought in Jan '16 for 1.5x future 12 month earnings. At the time of sale they were making roughly 14 mil per year, so that would put the sale price around 21 mil plus the increase in earnings per the following year. (I'm on the fly so I don't currently have access to my records) Blüm/oak had 42k registered patients, seeing nearly 1000 per day, an on-site cultivation facility and home of the ivxx™ extraction lab and production facility and according to the local / State gov was/is the premier example of a dispensary.

The SEC Filing and press release

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11104802