---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-022899"
form_type: "8-K/A"
ticker: "BLMH"
cik: "0001996210"
company_name: "BLUM HOLDINGS, INC."
filed_at: "2024-07-17T23:59:59+00:00"
generated_at: "2026-05-31T20:18:17.105764+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Coastal Pines Group 2023 revenue $13.6M, net loss $1.3M; working capital deficit $13.6M

## Summary
- Net loss of $1.32M in 2023 (improved from $2.21M loss in 2022); operating income of $0.08M.
- Revenue declined 14% YoY to $13.61M; cost of goods sold $6.93M.
- Working capital deficit of $13.55M and shareholders' deficit of $12.35M at Dec 31, 2023.
- Auditor expresses substantial doubt about going concern; acquired by Blum on May 1, 2024.
- Pro forma financial statements filed with combined balance sheet and income statement for 2023.

## SEC filing metadata
- accession: 0001437749-24-022899
- form_type: 8-K/A
- ticker: BLMH
- cik: 0001996210
- company_name: BLUM HOLDINGS, INC.
- filed_at: 2024-07-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1996210/000143774924022899/0001437749-24-022899-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1996210/000143774924022899/blmh20240601_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-022899
- JSON: https://secwatch.observer/filing/0001437749-24-022899.json
- Plain text: https://secwatch.observer/filing/0001437749-24-022899.txt

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