Blum Holdings amends Series V Preferred Stock terms: 25M shares authorized, 2x voting, auto-conversion in 4 years

BLUM HOLDINGS, INC.

Series V Preferred Stock has no preferential dividend rights; dividends at Board's discretion.
Each share carries voting power equal to 2x the number of common shares it is convertible into.
Each share converts into 1/3 common share; automatic conversion on 4th anniversary of issuance; optional after 1 year.
Liquidation preference: aggregate $1.00 for all outstanding Series V shares before junior stock distributions.
No established trading market for Series V; company does not plan to list on any exchange.

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