DOWNEY, Calif., Jan. 07, 2026 (GLOBE NEWSWIRE) -- Blum Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm,” “Blüm Holdings,” “we” or “us”), a California-based publicly traded holding company, today announced that on December 31, 2025 certain outstanding indebtedness of the Company, together with accrued interest, totaling approximately $3.05 million, was converted into shares of the Company’s common stock pursuant to a previously executed Debt Conversion Agreement. The conversion was completed at a fixed pr ...

Core Viewpoint - Blum Holdings, Inc. has successfully acquired a high-volume cannabis retail dispensary in Northern California, enhancing its market presence and operational capabilities in the cannabis sector [1][2][3]. Company Overview - Blum Holdings is a publicly traded holding company based in California, focusing on the cannabis industry with a commitment to quality, innovation, and customer service [4]. - The company operates leading dispensaries throughout California and owns several prominent brands, including Korova, known for its high potency products [4]. Acquisition Details - The acquired dispensary has a strong local customer base and generated approximately $12.0 million in annual revenue, indicating its established market position [2]. - The acquisition was completed through a stock purchase agreement involving a combination of cash and equity consideration, with all closing conditions satisfied [3]. Strategic Focus - The CEO of Blum Holdings emphasized the acquisition as part of a disciplined growth strategy, aiming to acquire durable retail assets with real revenue and customers [3]. - The company is positioned to benefit from improved execution at the asset level and favorable structural trends in the U.S. cannabis industry [3]. Regulatory Context - The evolving regulatory landscape at the federal level, including discussions on potential reclassification of cannabis, is seen as an opportunity for compliant retail operators to capitalize on market development [4].

Core Insights - Blum Holdings, Inc. reported its third quarter financial results for 2025, showcasing a third consecutive quarter of revenue growth and operational progress post-restructuring [2][3][4]. Financial Performance - Revenue increased by 39% from $3.5 million in Q2 2025 to $4.8 million in Q3 2025, driven by the acquisition of the Redding store [6]. - Year-to-date revenue growth from Q1 to Q3 2025 was 117%, while SG&A expenses rose by 51%, indicating effective operational leverage as revenue growth outpaced overhead [6]. - Gross margin for Q3 2025 was 48%, slightly down from 49% in Q2 2025, reflecting the impact of the Santa Clara County acquisition [6]. - Operating expenses totaled $3.8 million in Q3 2025, a 53% increase from $2.5 million in Q2 2025, attributed to the acquisition of new retail locations [6]. - The net loss from operations was $1.5 million in Q3 2025, compared to $0.8 million in Q2 2025, primarily due to acquisition and transition costs [6]. Strategic Developments - In October 2025, the company raised an additional $0.7 million, bringing total capital raised in 2025 to $3.2 million [4]. - The company is focusing on converting growth into profitability and strengthening its balance sheet as integration nears completion [4]. Asset and Liability Overview - Total assets increased by $20.3 million compared to year-end 2024, mainly due to the acquisition of two new retail stores [6]. - Total liabilities rose by $22.8 million from year-end 2024, reflecting the consolidation of acquired tax obligations [6]. - The company is evaluating strategies to address tax liabilities, including potential settlement opportunities under IRC Section 280E reform [6].

Core Insights - Blüm Holdings, Inc. has completed its turnaround phase and is entering a new growth chapter, focusing on sustainable growth and long-term value creation through restructuring and strategic initiatives [1] Company Overview - Blüm Holdings is a leader in the cannabis sector, operating dispensaries throughout California and owning several brands, including Korova, known for high potency products [2] Financial and Operational Highlights - The "First Half 2025 Executive Summary" includes detailed financial highlights and operational updates, showcasing the company's transformation and positioning for future growth [1]

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].