Blum Holdings swings to $33.1M net income in FY2024; revenue up 67% to $13.0M

BLUM HOLDINGS, INC.

Net income of $33.1M vs net loss of $14.1M in 2023; diluted EPS $1.21 vs ($1.67).
Revenue increased 67% to $13.0M, driven by integration of three Northern California retail stores.
Liability reduced 62% to $29.6M from $77.8M; EBITDA from continuing ops $21.2M vs ($10.4M).
Raised only $1.97M in new capital during the period; restructuring completed.
CEO says company transitioning from restructuring to measured expansion and sustainability.

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