MariMed Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

NOTE 10 - NON-CONTROLLING INTEREST

NOTE 10 - NON-CONTROLLING INTEREST	6 Months Ended
Jun. 30, 2016
Note 10 - Non-controlling Interest
NOTE 10 - NON-CONTROLLING INTEREST	NOTE 10 - NON-CONTROLLING INTEREST Effective September 29, 2014, in connection with the acquisition of Sigal Consulting LLC., the Company’s percentage of ownership in MariMed Advisors, Inc., its subsidiary, decreased from 100% to 51%. The acquisition resulted in an allocation of ownership interest valued at $(41,159) to the noncontrolling shareholders. During the six months ended June 30, 2016, $128,805 net income attributed to noncontrolling interest. On June 30, 2016 the noncontrolling interest is $318,017. During the six months ended June 30, 2015, $184,948 net loss attributed to noncontrolling interest. On December 31, 2015 the noncontrolling interest is $54,109.

NOTE 10 - NON-CONTROLLING INTEREST

6 Months Ended

Jun. 30, 2016

NOTE 10 - NON-CONTROLLING INTEREST

Effective September 29, 2014, in connection with the acquisition of Sigal Consulting LLC., the Company’s percentage of ownership in MariMed Advisors, Inc., its subsidiary, decreased from 100% to 51%. The acquisition resulted in an allocation of ownership interest valued at $(41,159) to the noncontrolling shareholders.

During the six months ended June 30, 2016, $128,805 net income attributed to noncontrolling interest. On June 30, 2016 the noncontrolling interest is $318,017.

During the six months ended June 30, 2015, $184,948 net loss attributed to noncontrolling interest. On December 31, 2015 the noncontrolling interest is $54,109.