BLUM HOLDINGS, INC. (BLMH): M&A transaction — Blum Holdings gains control of Bay Area cannabis retailer, signs deal for Cookies equity interest

BLUM HOLDINGS, INC.

MSA grants Blum Management exclusive operational & economic control of a licensed Bay Area cannabis retailer; $800k paid to seller.
Company will consolidate Target's operations as a VIE effective May 15, 2025.
Binding term sheet to acquire 100% of holding company with non-controlling interest in Cookies brand for 489,131 shares plus warrants.
Consideration includes warrants for 30,762 shares at $0.64; implied deal value $562,500; closing targeted Q3 2025.
CEO Sabas Carrillo says transaction deepens economic exposure to Cookies and positions Blum for institutional-quality optionality.

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Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

BLUM HOLDINGS, INC. completed an acquisition involving the Target for $800,000 (closed 2025-05-15).

Action: acquisition
Counterparty: the Target
Consideration: $800,000
Closing: 2025-05-15

Exact text from the filing

and may be terminated under certain conditions, including consummation of a stock acquisition of the Target by the Company. The execution of the MSA triggered the release of $800,000 in cash consideration to the seller as outlined by the A&R LOI. This payment was made in connection with the grant of operational control under the MSA and will be credited toward

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BLUM HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001437749-25-017981

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