Core Insights - Blum Holdings, Inc. has signed a binding agreement to acquire a majority of the membership interests in a licensed adult-use and medical cannabis dispensary in Northern California, marking a strategic move to expand its retail platform across the state [1][2]. Acquisition Details - The acquisition is structured as an all-stock deal, valuing the business at up to $5.0 million, which includes performance-based earn-outs linked to revenue and EBITDA benchmarks [3]. - Integration of the new dispensary is set to begin on July 1, 2025, under a Management Services Agreement, where Blum will take over key centralized functions such as compliance, accounting, marketing, and finance [3]. Leadership and Strategy - The CEO of Blum Holdings expressed gratitude for the trust placed in the company by the dispensary's operators, emphasizing the alignment of values and performance standards [4]. - The dispensary has a strong local presence and consistent financial performance, supported by an experienced leadership team focused on customer service [4]. Growth and Positioning - Blum Holdings is executing a turnaround strategy aimed at long-term growth through disciplined acquisitions and operational excellence [5]. - The company is actively seeking partnerships with operators who possess local expertise and a proven track record [5]. Future Outlook - The transaction is expected to close in Q3 2025, pending the completion of definitive agreements and customary closing conditions [6].

Transaction marks the Company's entry into its sixth U.S. state Acquisition is expected to be immediately accretive on an EBITDA and cashflow basis TORONTO, May 07, 2025 (GLOBE NEWSWIRE) -- TerrAscend Corp. ("TerrAscend" or the "Company") (TSX: TSND, OTCQX: TSNDF), a leading North American cannabis company, today announced the closing of its previously announced acquisition of the assets of Ratio Cannabis LLC ("Ratio Cannabis"), a cannabis dispensary located in Goshen Township, Ohio. The acquisition represe ...

Union Chill, a single dispensary operator in Hunterdon County, is generating over $11 million in annualized revenue Acquisition further solidifies TerrAscend's leadership position in the state TORONTO, May 06, 2025 (GLOBE NEWSWIRE) -- TerrAscend Corp. (the "Company") (TSX: TSND) (OTCQX: TSNDF), a leading North American cannabis company, today announced it has signed an agreement where its consolidated entities ("TerrAscend") will operate its fourth dispensary in New Jersey. Union Chill Cannabis Company LLC ...

LAS VEGAS, April 30, 2025 (GLOBE NEWSWIRE) -- Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNH) (“Planet 13” or the “Company”), a leading vertically-integrated multi-state cannabis company, today announced the grand opening of Planet 13 Edgewater on May 31, 2025, the Company’s 33rd dispensary in Florida and 37th nationwide. Located at 1308 S Ridgewood Ave, Edgewater, FL, the 3,000-square-foot facility will serve the growing medical cannabis community in East Central Florida and will be open Monday through S ...