DOWNEY, Calif., Aug. 29, 2025 (GLOBE NEWSWIRE) -- Blum Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm,” “Blüm Holdings,” “we” or “us”), a California-based publicly traded holding company, is pleased to announce the release of its “First Half 2025 Executive Summary.” “The first half of 2025 marks the close of Blüm’s turnaround phase and the beginning of a new chapter,” said Sabas Carrillo, Chief Executive Officer of Blüm Holdings. “Through disciplined restructuring, substantial cost reductions, and strat ...

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].

Core Viewpoint - Blüm Holdings, Inc. is executing a strategic transaction to acquire a 100% membership interest in a holding company that has a non-controlling equity interest in Cookies Creative Consulting & Promotions, Inc., enhancing its alignment with a leading cannabis brand in the U.S. [1] Group 1: Transaction Details - The acquisition will be conducted through a newly formed wholly owned subsidiary, Blüm Acquisition Co., in exchange for 489,131 shares of Blüm common stock and a warrant for an additional 30,762 shares at an exercise price of $0.64 per share, totaling an implied value of $562,500 [2][3] - The share and warrant consideration will be subject to customary adjustments based on the verified ownership percentage of Cookies held by the seller [3] Group 2: Strategic Importance - The CEO of Blüm Holdings emphasized that this transaction is a significant step in the company's long-term strategy to increase economic exposure to major cannabis brands through strategic relationships [4] - The recent transactions are expected to provide exposure to equity value not fully visible in Blüm's public float, including its retail dispensary portfolio and Cookies-branded flagship store [4] Group 3: Future Outlook - The transaction is anticipated to close upon the completion of definitive agreements and customary closing conditions, with a target closing date set for Q3 2025 [4]

Core Viewpoint - Blum Holdings, Inc. has executed an Amended and Restated Binding Letter of Intent to acquire 100% of a licensed retail cannabis operator in Northern California, which is expected to significantly enhance its revenue and market position in California's cannabis sector [1][2]. Financial Impact - The acquisition is projected to generate over $12.0 million in additional revenue, more than doubling Blum's annual revenue [2]. - The total consideration for the acquisition remains at $2.0 million, which includes an immediate escrowed payment of $800,000 upon the execution of a Management Services Agreement [2][6]. Strategic Objectives - The transaction includes performance-based earn-outs tied to specific revenue milestones for the year following the closing, aligning the Target's management with Blum's long-term growth and profitability goals [3]. - The CEO of Blum Holdings emphasized the strategic importance of this acquisition in reshaping the cannabis landscape and enhancing the company's brand presence in California [4]. Company Overview - Blum Holdings is recognized as a leader in the cannabis sector, operating dispensaries throughout California and owning several prominent brands, including Korova [5]. - The company aims to leverage its ecosystem to enhance customer acquisition, brand awareness, and overall value across its portfolio [5].