---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-015049"
form_type: "8-K"
ticker: "BLMH"
cik: "0001996210"
company_name: "BLUM HOLDINGS, INC."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T21:05:39.936955+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Blum Holdings enters advisory agreement with purchase option for Coastal Pine; issues note and shares as deposit

## Summary
- Monthly fee of $75,000 for advisory/consulting services; term through April 26, 2025, renewable annually.
- Issues $940,974 promissory note and 889,725 shares of common stock as deposit to acquire Coastal Pine.
- 496,712 shares transferred at execution; 393,013 shares due at 12-month anniversary.
- Blum obtains controlling financial interest and will consolidate Coastal's financial results.
- Coastal manages retail dispensaries in Northern California.

## SEC filing metadata
- accession: 0001437749-24-015049
- form_type: 8-K
- ticker: BLMH
- cik: 0001996210
- company_name: BLUM HOLDINGS, INC.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1996210/000143774924015049/0001437749-24-015049-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1996210/000143774924015049/blmh20240501c_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-015049
- JSON: https://secwatch.observer/filing/0001437749-24-015049.json
- Plain text: https://secwatch.observer/filing/0001437749-24-015049.txt

## Key facts
- Material Agreements
  BLUM HOLDINGS, INC. entered into Advisory and Consulting Agreement with Coastal Pine Holdings, Inc. valued at $940,974 (effective 2024-05-01).
  - Action: entry
  - Counterparty: Coastal Pine Holdings, Inc.
  - Value: $940,974
  - Effective: 2024-05-01
  source text: On May 1, 2024, Blum Holdings, Inc. (the "Company"), through its wholly-owned subsidiary Blum Management Holdings, Inc. (“Blum Management”), executed an advisory and consulting engagement letter (the "Advisory and Consulting Agreement" or the "Agreement") with Coastal Pine Holdings, Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1996210/000143774924015049/0001437749-24-015049-index.htm

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