---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-000652"
form_type: "8-K"
ticker: "BLMH"
cik: "0001996210"
company_name: "BLUM HOLDINGS, INC."
filed_at: "2025-01-07T23:59:59+00:00"
generated_at: "2026-05-28T09:24:04.009893+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Blum converts $6.2M AP to equity at $1.62/share; amends $800K note with related party

## Summary
- $6,165,050 of accounts payable converted into 3,808,559 shares at $1.62 (85% of $1.90 reference price).
- Amended note with Douglas Rosenberg increases principal from $400K to $800K, due Dec 2026, no interest, convertible at 85% discount or $30M pre-money valuation.
- Lender Rosenberg is Co-Founder/CEO of Mesh Ventures, related to Cookies; CEO Sabas Carrillo formerly CFO at Cookies.
- Engagement fee with Adnant reduced to $75,000/month from $250,000/month in amended agreement.

## SEC filing metadata
- accession: 0001437749-25-000652
- form_type: 8-K
- ticker: BLMH
- cik: 0001996210
- company_name: BLUM HOLDINGS, INC.
- filed_at: 2025-01-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1996210/000143774925000652/0001437749-25-000652-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1996210/000143774925000652/blmh20250107_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-000652
- JSON: https://secwatch.observer/filing/0001437749-25-000652.json
- Plain text: https://secwatch.observer/filing/0001437749-25-000652.txt

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