---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-020604"
form_type: "8-K"
ticker: "BLMH"
cik: "0001996210"
company_name: "BLUM HOLDINGS, INC."
filed_at: "2024-06-18T23:59:59+00:00"
generated_at: "2026-06-01T03:59:12.473422+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Blum Holdings sells controlling stake in Blüm Santa Ana, eliminates $44.5M debt, estimates $34M gain

## Summary
- Total consideration of $24.8M: $9M cash plus $15.84M in assumed liabilities; cash used to settle debt and litigation.
- Transaction extinguishes estimated $44.46M in liabilities, reducing total debt by over 55%.
- Estimated gain of $33.98M ($3.09 per common share) from the disposition.
- Since August 2022, total liability reduction estimated at $90M as part of restructuring plan.
- Blüm brand licensed to buyer for up to 18 months under Trademark License Agreement.

## SEC filing metadata
- accession: 0001437749-24-020604
- form_type: 8-K
- ticker: BLMH
- cik: 0001996210
- company_name: BLUM HOLDINGS, INC.
- filed_at: 2024-06-18T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1996210/000143774924020604/0001437749-24-020604-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1996210/000143774924020604/blmh20240617_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-020604
- JSON: https://secwatch.observer/filing/0001437749-24-020604.json
- Plain text: https://secwatch.observer/filing/0001437749-24-020604.txt

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