---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-027006"
form_type: "8-K"
ticker: "BLMH"
cik: "0001996210"
company_name: "BLUM HOLDINGS, INC."
filed_at: "2024-08-15T23:59:59+00:00"
generated_at: "2026-05-31T09:07:47.520726+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Blum Holdings Q2 2024: Net Income $23.4M on Sale Gain; Debt Cut 83% Over Three Years

## Summary
- Net income of $23.4M driven by $31.7M non-cash gain from sale of Blüm Santa Ana; adjusted EBITDA loss of $3.7M.
- Revenue of $7.2M includes $2.1M from three new Northern California dispensaries and $3.5M from discontinued operations.
- Debt reduced to $9.4M from $29.1M at end of 2023 and from $55.8M at end of 2021 (83% reduction over three years).
- Sale of controlling interest in People's First Choice (Blüm Santa Ana) for $24.8M total consideration ($9M cash, $15.8M liabilities).
- Total liabilities decreased to $62.1M from $125.3M in August 2022; gross margin improved to 53% by end of 2023.

## SEC filing metadata
- accession: 0001437749-24-027006
- form_type: 8-K
- ticker: BLMH
- cik: 0001996210
- company_name: BLUM HOLDINGS, INC.
- filed_at: 2024-08-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1996210/000143774924027006/0001437749-24-027006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1996210/000143774924027006/blmh20240814_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-027006
- JSON: https://secwatch.observer/filing/0001437749-24-027006.json
- Plain text: https://secwatch.observer/filing/0001437749-24-027006.txt

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