Blum Holdings updates on settlement with People's California; definitive docs executed, court approval pending

BLUM HOLDINGS, INC.

Definitive documentation executed for global settlement with People's California, LLC.
Motion filed with Bankruptcy Court for Central District of California to approve compromise.
Settlement resolves all outstanding litigation, adversary proceedings, and contested matters.
Settlement remains subject to final, non-appealable court order; no assurance of approval.

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