secwatch.observer — SEC 8-K summary
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Issuer:     BLUM HOLDINGS, INC. (BLMH)
CIK:        0001996210
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001437749-24-015049
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1996210/000143774924015049/0001437749-24-015049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1996210/000143774924015049/blmh20240501c_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-015049

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