---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-014673"
form_type: "8-K"
ticker: "BLMH"
cik: "0001996210"
company_name: "BLUM HOLDINGS, INC."
filed_at: "2024-05-03T23:59:59+00:00"
generated_at: "2026-06-02T23:22:58.609476+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Blum Holdings enters binding LOI to acquire Safe Accessible Solutions (Cookies Sacramento) for $1.67M

## Summary
- Total consideration: $1,000,071 secured promissory note ($23,811/mo over 42 months) plus 945,605 shares (~8.05% of Blum).
- Under a Management Services Agreement, Blum subsidiary receives 100% of Target's economic benefit and will consolidate financial results.
- Transaction subject to AICPA audit of Target and execution of definitive Stock Sale and Purchase Agreement.
- Target's shareholders may exchange shares for a promissory note 24 months post-close, reducing purchase price to ~$3.6M.

## SEC filing metadata
- accession: 0001437749-24-014673
- form_type: 8-K
- ticker: BLMH
- cik: 0001996210
- company_name: BLUM HOLDINGS, INC.
- filed_at: 2024-05-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1996210/000143774924014673/0001437749-24-014673-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1996210/000143774924014673/blmh20240501_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-014673
- JSON: https://secwatch.observer/filing/0001437749-24-014673.json
- Plain text: https://secwatch.observer/filing/0001437749-24-014673.txt

## Key facts
- Material Agreements
  BLUM HOLDINGS, INC. amended Amended LOI with Safe Accessible Solutions, Inc. valued at $1,671,451 (effective 2024-05-01).
  - Action: amendment
  - Agreement: merger
  - Counterparty: Safe Accessible Solutions, Inc.
  - Value: $1,671,451
  - Effective: 2024-05-01
  source text: On May 1, 2024, the Company executed an amended and restated binding letter of intent (the “Amended LOI”) with Safe Accessible Solutions, Inc. (the "Target"), which amended and restated the Operators Only LOI in its entirety.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1996210/000143774924014673/0001437749-24-014673-index.htm

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