---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-022117"
form_type: "8-K"
ticker: "BLMH"
cik: "0001996210"
company_name: "BLUM HOLDINGS, INC."
filed_at: "2025-07-03T23:59:59+00:00"
generated_at: "2026-05-18T09:31:40.398350+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-25-022117
- form_type: 8-K
- ticker: BLMH
- cik: 0001996210
- company_name: BLUM HOLDINGS, INC.
- filed_at: 2025-07-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1996210/000143774925022117/0001437749-25-022117-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1996210/000143774925022117/blmh20250702_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-022117
- JSON: https://secwatch.observer/filing/0001437749-25-022117.json
- Plain text: https://secwatch.observer/filing/0001437749-25-022117.txt

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