{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-016956","form_type":"8-K","ticker":"BLMH","cik":"0001996210","company_name":"BLUM HOLDINGS, INC.","filed_at":"2024-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.384850+00:00","generated_at":"2026-06-01T23:44:28.327860+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Blum Holdings Q1 revenue down to $6.8M; net loss improves 61% to $3.0M","bullets":["Q1 2024 revenue $6.8M, down from $8.1M in Q4 2023 due to closure of non-performing retail.","Gross margin 53% for the fifth consecutive quarter above 50%.","Operating expenses $6.1M, a 34% decrease from the prior quarter.","Net loss from continuing operations $3.0M, improving 61% vs. Q4 2023.","Divested final CA cultivation facility in Jan 2024; corporate reorganization complete, BLMH trading on OTCQB."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-016956","json":"https://secwatch.observer/filing/0001437749-24-016956.json","markdown":"https://secwatch.observer/filing/0001437749-24-016956.md","text":"https://secwatch.observer/filing/0001437749-24-016956.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1996210/000143774924016956/0001437749-24-016956-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1996210/000143774924016956/blmh20240513_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T23:44:28.327860+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":"96b590fa9943dc30fe3ac88db8287eaf69ef0295","claim":"BLUM HOLDINGS, INC. reported first quarter ended March 31, 2024 results: revenue $6.8 million, net income $3.0 million.","evidence_excerpt":"First Quarter 2024 Highlights • The Company continued to eliminate non-performing legacy operations during the first quarter of 2024 and transitioned a single retail location to delivery only. As a result, revenue for the first quarter of 2024 was $6.8 million, down from $8.1 million in the previous quarter ended December 31, 2023. • For five consecutive quarters in a row, the Company has maintained a gross margin of above 50%, landing at 53% for the first quarter of 2024. • Operating expenses for the first quarter of 2024 were $6.1 million, a decrease of 34% compared to the fourth quarter of 2023. • Net loss from continuing operations for the first quarter of 2024 was $3.0 million, an improvement of 61% compared to the consecutive prior quarter.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1996210/000143774924016956/0001437749-24-016956-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$6.8 million"},{"label":"Net income","value":"$3.0 million"},{"label":"Result","value":"reported results"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}