Blum Holdings signs binding term sheet to acquire Northern California dispensary for up to $5M in stock

BLUM HOLDINGS, INC.

All-stock deal for majority membership interests: 3,633,540 shares valued at ~$5.0M with performance earn-outs.
Management Services Agreement effective July 1, 2025, gives Blum operational and economic control; will consolidate under VIE.
Target is a licensed adult-use and medical cannabis retailer with consistent financial performance.
Acquisition expected to close in Q3 2025, subject to definitive agreements and customary conditions.
Blum’s retail portfolio in Northern California will expand to four locations after recent Bay Area acquisition.

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