{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-012028","form_type":"8-K","ticker":"BLMH","cik":"0001996210","company_name":"BLUM HOLDINGS, INC.","filed_at":"2024-04-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.383324+00:00","generated_at":"2026-06-03T23:10:39.864268+00:00","sec_items":["4.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Blum Holdings restates Q2/Q3 2023 financials; expects $1.8M increase in liabilities and deficit","bullets":["Audit committee concluded unaudited interim statements for June 30, 2023 and Sept 30, 2023 can no longer be relied upon.","Misstatements in income taxes payable, accumulated deficit, and loss (gain) on disposal of assets.","Estimated increase in liabilities and accumulated deficit of approximately $1.8 million.","Company identified material weakness in internal control over financial reporting and plans remediation.","Restated financials will be included in 2023 Form 10-K; interim reports superseded."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-012028","json":"https://secwatch.observer/filing/0001437749-24-012028.json","markdown":"https://secwatch.observer/filing/0001437749-24-012028.md","text":"https://secwatch.observer/filing/0001437749-24-012028.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1996210/000143774924012028/0001437749-24-012028-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1996210/000143774924012028/blmh20240412_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T23:10:39.864268+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7a1c84dcddbfa9ebf9433ff6e2753b9541d657e9","claim":"BLUM HOLDINGS, INC. reported that prior financial statements should not be relied upon.","evidence_excerpt":"ended June 30, 2023 and September 30, 2023, filed with the Securities and Exchange Commission on August 14, 2023 and November 14, 2023, respectively (each an “Affected Period” and, collectively, the “Affected Periods”), should be restated and no longer be relied upon due to misstatements in (i) income taxes payable and accumulated deficit in the Company’s consolidated balance sheets as of June 30, 2023 and September 30, 2023, and (ii) loss (gain) on disposal of assets on the Company’s consolidated statements of operations for the three and six months ended June 30, 2023 and three and nine months ended September 30, 2023. The Company is currently in the process of determining the full effect of the misstatements but estimates that liabilities and accumulated deficit increase by approximately $1.8 million. The Company will restate its financial statements for the Affected Periods in its An","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1996210/000143774924012028/0001437749-24-012028-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"non reliance"}],"fact_type":"auditor_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}