---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-013769"
form_type: "8-K"
ticker: "BLMH"
cik: "0001996210"
company_name: "BLUM HOLDINGS, INC."
filed_at: "2024-04-29T23:59:59+00:00"
generated_at: "2026-06-03T05:48:10.470972+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Blum Holdings replaces auditor Marcum LLP with MATSUURA; discloses material weakness in internal controls

## Summary
- Dismissed Marcum LLP effective April 23, 2024; engaged MATSUURA as new auditor same day.
- Marcum's reports for FY 2023 and 2022 included going-concern explanatory paragraph.
- No disagreements with Marcum; two material weaknesses cited: user access controls and untimely reconciliations.
- Company restated Q2 and Q3 2023 financials due to the control deficiencies.
- New auditor MATSUURA had no prior consultations with the company on accounting matters.

## SEC filing metadata
- accession: 0001437749-24-013769
- form_type: 8-K
- ticker: BLMH
- cik: 0001996210
- company_name: BLUM HOLDINGS, INC.
- filed_at: 2024-04-29T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1996210/000143774924013769/0001437749-24-013769-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1996210/000143774924013769/blmh20240422_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-013769
- JSON: https://secwatch.observer/filing/0001437749-24-013769.json
- Plain text: https://secwatch.observer/filing/0001437749-24-013769.txt

## Key facts
- Auditor Changes
  BLUM HOLDINGS, INC. engaged MATSUURA as its auditor.
  - Action: engagement
  - Auditor: MATSUURA
  source text: On April 23, 2024, the Company engaged MATSUURA as its new independent registered public accountant for the fiscal year ending December 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1996210/000143774924013769/0001437749-24-013769-index.htm
- Auditor Changes
  BLUM HOLDINGS, INC. dismissed Marcum LLP as its auditor.
  - Action: dismissal
  - Auditor: Marcum LLP
  source text: Effective April 23, 2024, Blum Holdings, Inc. (the “Company”) dismissed Marcum LLP as its independent registered public accounting firm.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1996210/000143774924013769/0001437749-24-013769-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.