secwatch.observer — SEC 8-K summary
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Issuer:     BLUM HOLDINGS, INC. (BLMH)
CIK:        0001996210
Form:       8-K
Filed at:   2024-02-15T23:59:59+00:00
Accession:  0001437749-24-004404
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blum Holdings signs binding LOI to acquire three Sacramento dispensaries for $9.7M
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- Purchase price $9.7M: $1.9M secured promissory note (34-42 months) plus 1,835,330 shares (15.63% of company).
- Acquisition target: Operators Only Corp. operatings three stores, including a Cookies cannabis dispensary in downtown Sacramento.
- Target assets had 2023 combined revenue of ~$14M with 50% gross margins and ~$1.9M cash from operations.
- Company also changed ticker symbol to BLMH (from UNRVD) effective Feb 12, 2024.
- Upon close, Blum expects to launch new brand Turkey Bag Heroes for premium small-batch flower.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1996210/000143774924004404/0001437749-24-004404-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1996210/000143774924004404/blmh20240215_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-004404

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer