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].

Strategic transaction will deepen Blüm's indirect stake in Cookies and will further align its platform with one of the most recognized cannabis brands in the U.S.DOWNEY, Calif., May 21, 2025 (GLOBE NEWSWIRE) -- Blum Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm,” “Blüm Holdings,” “we” or “us”), a California-based publicly traded holding company and cannabis operator, today announced the execution of a binding term sheet to acquire 100% of the membership interest in a holding company (the “Target”). The ...

DOWNEY, Calif., May 15, 2025 (GLOBE NEWSWIRE) -- Blum Holdings, Inc. (OTCQB: BLMH) (the "Company," "Blüm," "Blüm Holdings," "we" or "us"), a California-based publicly traded holding company and cannabis operator, today announced the execution of an Amended and Restated Binding Letter of Intent ("A&R LOI"), as previously disclosed in press releases dated January 21, 2025 and February 4, 2025, to acquire 100% of the issued and outstanding common stock of a licensed retail cannabis operator located in Northern ...

Core Insights - Blum Holdings, Inc. reported a revenue growth of 26% year-over-year, reaching $2.2 million in Q1 2025, compared to $1.8 million in Q1 2024, driven by strategic divestitures and new retail store additions [1][4] - The company achieved positive EBITDA of $57,000, a significant turnaround from an EBITDA loss of $3.0 million in Q1 2024, indicating improved operational efficiency [1][4] - Net loss from continuing operations was reduced by over 80%, down to $0.6 million from $3.5 million in Q1 2024, reflecting effective cost management and operational improvements [1][4] Financial Performance - Revenue increased to $2.2 million in Q1 2025 from $1.8 million in Q1 2024, marking a 26% increase [4][11] - Gross margin improved to 53%, up from 45% in both Q1 and Q4 2024, attributed to better pricing discipline and product mix [4][11] - Operating expenses decreased to $2.5 million from $4.4 million in Q1 2024, showcasing effective cost containment measures [4][11] - Adjusted EBITDA loss narrowed to $0.4 million, an 87% improvement year-over-year and 80% quarter-over-quarter [4][11] Strategic Developments - The company raised $1.6 million in capital in 2025 at competitive rates, enhancing its financial position [4] - Approval was received from the Bankruptcy Court for a settlement with People's, effective after a 14-day appeal period [4] - Brad Hirsch was appointed to the Board of Directors, enhancing governance and oversight [4] - An amended Letter of Intent (LOI) with a Bay Area dispensary is expected to generate approximately $12 million in annual revenue [4] Management Commentary - The CEO emphasized that the company has achieved breakeven operations on an EBITDA basis and is now strategically positioned for growth [5] - The focus remains on securing capital to strengthen the balance sheet and evaluating strategic acquisition opportunities to drive growth in the California cannabis market [5]