---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-016912"
form_type: "8-K"
ticker: "BLMH"
cik: "0001996210"
company_name: "BLUM HOLDINGS, INC."
filed_at: "2025-05-14T23:59:59+00:00"
generated_at: "2026-05-21T10:47:43.997846+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001437749-25-016912
- form_type: 8-K
- ticker: BLMH
- cik: 0001996210
- company_name: BLUM HOLDINGS, INC.
- filed_at: 2025-05-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1996210/000143774925016912/0001437749-25-016912-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1996210/000143774925016912/blmh20250328_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-016912
- JSON: https://secwatch.observer/filing/0001437749-25-016912.json
- Plain text: https://secwatch.observer/filing/0001437749-25-016912.txt

## Key facts
- Executive change
  Brad Hirsch was appointed as Director at BLUM HOLDINGS, INC..
  - Action: appointed
  - Role: Director
  source text: On May 8, 2025, the Company appointed Brad Hirsch to the Board of Directors of the Company (the “Board”), effective May 8, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1996210/000143774925016912/0001437749-25-016912-index.htm

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