Blum Q1 revenue up 26% to $2.2M; EBITDA turns positive at $57K

BLUM HOLDINGS, INC.

Net loss from continuing ops improved to $0.6M from $3.5M YoY; operating expenses down 43% to $2.5M.
Gross margin rose to 53% (from 45%); adjusted EBITDA loss narrowed to $0.4M from $3.3M YoY.
Executed amended LOI to acquire Bay Area cannabis dispensary for $2.0M ($1.3M cash + $0.5M stock) plus up to $0.2M earnouts.
Appointed Brad Hirsch as independent director effective May 8, 2025; will serve on audit, compensation, and governance committees.
Raised $1.6M in capital YTD; bankruptcy court approved People's settlement (effective May 16 absent stay).

item 1.01 item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Brad Hirsch

Director

BLMH · BLUM HOLDINGS, INC.

Effective: 2025-05-08
Filed: May 14, 2025, 7:59 PM ET

On May 8, 2025, the Company appointed Brad Hirsch to the Board of Directors of the Company (the “Board”), effective May 8, 2025.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Brad Hirsch was appointed as Director at BLUM HOLDINGS, INC..

Action: appointed
Role: Director

Exact text from the filing

On May 8, 2025, the Company appointed Brad Hirsch to the Board of Directors of the Company (the “Board”), effective May 8, 2025.

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BLUM HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001437749-25-016912

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