secwatch.observer — SEC 8-K summary
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Issuer:     BLUM HOLDINGS, INC. (BLMH)
CIK:        0001996210
Form:       8-K/A
Filed at:   2024-07-17T23:59:59+00:00
Accession:  0001437749-24-022899
Event type: m_and_a
Sentiment:  negative
Materiality: 0.80
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1996210/000143774924022899/0001437749-24-022899-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1996210/000143774924022899/blmh20240601_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-022899

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