---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-034497"
form_type: "8-K"
ticker: "BLMH"
cik: "0001996210"
company_name: "BLUM HOLDINGS, INC."
filed_at: "2024-11-12T23:59:59+00:00"
generated_at: "2026-05-30T02:20:43.949146+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Blum Holdings subsidiary Unrivaled Brands files Chapter 11 bankruptcy amid activist litigation

## Summary
- Wholly owned subsidiary Unrivaled Brands, Inc. filed for Chapter 11 bankruptcy on Nov 12, 2024.
- Company cites 'bitter activist litigation' from People's California LLC and Frank Kavanaugh as key cause.
- Unrivaled reduced total liabilities by net $90.8M from Dec 2021 to Sept 2024 ($125.3M to $34.5M pro forma).
- People's has received over $60M value from Unrivaled since 2021, including $9M in July 2024 settlement, yet continues to sue.
- CEO Sabas Carrillo states Kavanaugh has history of destabilizing companies to seize control.

## SEC filing metadata
- accession: 0001437749-24-034497
- form_type: 8-K
- ticker: BLMH
- cik: 0001996210
- company_name: BLUM HOLDINGS, INC.
- filed_at: 2024-11-12T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- 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/1996210/000143774924034497/0001437749-24-034497-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1996210/000143774924034497/blmh20241112_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-034497
- JSON: https://secwatch.observer/filing/0001437749-24-034497.json
- Plain text: https://secwatch.observer/filing/0001437749-24-034497.txt

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