---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-006454"
form_type: "8-K/A"
ticker: "BLMH"
cik: "0001996210"
company_name: "BLUM HOLDINGS, INC."
filed_at: "2025-03-06T23:59:59+00:00"
generated_at: "2026-05-25T07:47:39.708968+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Blum Holdings deconsolidates Unrivaled/Halladay after Chapter 11; pro forma shows $30M net income

## Summary
- On Nov 6, 2024, subsidiaries Unrivaled Brands and Halladay Holding filed Chapter 11; parent Blum Holdings is not included in proceedings.
- All assets and liabilities of the subsidiaries deconsolidated from Blum Holdings' financials as of Petition Date.
- Pro forma balance sheet as of Sep 30, 2024: total assets $25.6M (historical $38.7M), liabilities $34.3M (historical $66.2M).
- Pro forma net income from continuing ops for nine months ended Sep 30, 2024: $30.3M vs historical $0.1M, from $15.2M gain on disposal.
- Blum Holdings continues operations as usual outside of Chapter 11 proceedings.

## SEC filing metadata
- accession: 0001437749-25-006454
- form_type: 8-K/A
- ticker: BLMH
- cik: 0001996210
- company_name: BLUM HOLDINGS, INC.
- filed_at: 2025-03-06T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1996210/000143774925006454/0001437749-25-006454-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1996210/000143774925006454/blmh20250303_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-006454
- JSON: https://secwatch.observer/filing/0001437749-25-006454.json
- Plain text: https://secwatch.observer/filing/0001437749-25-006454.txt

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