---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-033964"
form_type: "8-K"
ticker: "BLMH"
cik: "0001996210"
company_name: "BLUM HOLDINGS, INC."
filed_at: "2024-11-07T23:59:59+00:00"
generated_at: "2026-05-30T03:58:48.540767+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Blum Holdings sells Blüm Oakland and Blüm San Leandro for total $3.18M in liability assumption

## Summary
- Sold all shares of Blüm Oakland ($2.06M) and Blüm San Leandro ($1.12M) to VLPS, LLC via assumption of liabilities.
- Pro forma balance sheet as of June 30, 2024 shows total assets reduced $3.9M to $34.4M and liabilities reduced $4.6M to $57.5M.
- Pro forma net gain on disposal of $725K (H1 2024) and $283K (FY 2023) as assumed liabilities exceeded net assets.
- Pro forma continuing ops net income $5.1M (H1 2024) vs. net loss $12.7M (FY 2023) after removing disposed entities.
- Transactions closed on November 5, 2024 with buyer VLPS, LLC.

## SEC filing metadata
- accession: 0001437749-24-033964
- form_type: 8-K
- ticker: BLMH
- cik: 0001996210
- company_name: BLUM HOLDINGS, INC.
- filed_at: 2024-11-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1996210/000143774924033964/0001437749-24-033964-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1996210/000143774924033964/blmh20241107_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-033964
- JSON: https://secwatch.observer/filing/0001437749-24-033964.json
- Plain text: https://secwatch.observer/filing/0001437749-24-033964.txt

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