secwatch.observer — SEC 8-K summary
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Issuer:     BLUM HOLDINGS, INC. (BLMH)
CIK:        0001996210
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0001437749-24-016956
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blum Holdings Q1 revenue down to $6.8M; net loss improves 61% to $3.0M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1996210/000143774924016956/0001437749-24-016956-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1996210/000143774924016956/blmh20240513_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-016956

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