Blum Holdings doubles revenue potential with amended LOI to acquire Northern CA dispensary

BLUM HOLDINGS, INC.

Transaction expected to generate over $12M in annual revenue, more than doubling Blüm's revenue.
Total consideration remains $2M: $1.3M cash (including $500K convertible note to Seller Note) + $500K stock at $1.15/share (40% improvement from original terms).
Immediate release of $800K escrow upon signing Management Services Agreement, granting operational control of target.
Performance-based earn-outs tied to revenue milestones over 12 months post-closing; closing subject to regulatory approvals.
Definitive Stock Purchase Agreement expected soon; target is a licensed retail cannabis operator in Northern California.

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