Blum Holdings enters $100K notes and signs non-binding LOI to acquire California dispensary for $2M

BLUM HOLDINGS, INC.

Issued $100,000 aggregate unsecured promissory notes to four investors, convertible with warrants at $0.64 per share.
Signed non-binding Letter of Intent to acquire 100% of a licensed cannabis dispensary in Northern California for $2,000,000.
Consideration: $1,300,000 cash at closing, $200,000 cash or stock earn-out, $500,000 in common stock at $1.90 per share, plus performance-based bonuses.
Proposed acquisition subject to due diligence, regulatory approvals, and definitive agreements; no assurance of completion.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.