---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-002767"
form_type: "8-K"
ticker: "BLMH"
cik: "0001996210"
company_name: "BLUM HOLDINGS, INC."
filed_at: "2025-02-04T23:59:59+00:00"
generated_at: "2026-05-27T03:41:10.837764+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Blum Holdings signs binding LOI to acquire NorCal dispensary for $2M; target had $18M gross revenue in 2024

## Summary
- Total consideration $2.0M: $1.3M cash at close, $200K cash/stock earn-out, $500K in BLMH stock at $1.90/share held in escrow 12 months.
- Target generated unaudited ~$18.0M gross revenue and ~$13.0M net revenue for 2024.
- Concurrently, Blum issued a $500K senior secured convertible note to seller at 8% interest maturing March 31, 2025.
- Deal includes performance-based bonus awards and operational targets for expense reduction and EBITDA improvement.
- Transaction remains subject to negotiation and execution of definitive agreements; no assurance of closing.

## SEC filing metadata
- accession: 0001437749-25-002767
- form_type: 8-K
- ticker: BLMH
- cik: 0001996210
- company_name: BLUM HOLDINGS, INC.
- filed_at: 2025-02-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1996210/000143774925002767/0001437749-25-002767-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1996210/000143774925002767/blmh20250203_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-002767
- JSON: https://secwatch.observer/filing/0001437749-25-002767.json
- Plain text: https://secwatch.observer/filing/0001437749-25-002767.txt

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