---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-22-008045"
form_type: "8-K"
ticker: null
cik: "0001138608"
company_name: "BLOOMIOS, INC."
filed_at: "2022-10-31T23:59:59+00:00"
generated_at: "2026-06-22T21:23:29.016632+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Bloomios acquires Infusionz from Upexi for $23.5M; adds $22M annual revenue

## Summary
- Acquired Infusionz, a CBD gummy manufacturer, from Upexi (NASDAQ:UPXI) for $23.5M ($5.5M cash + $18M non-cash).
- Non-cash consideration: $4.5M debenture, $5M note, and $8.5M Series D preferred stock to Upexi.
- Debenture offering raised $6.25M new cash; aggregate principal $13.9M (incl. 15% OID) to fund the deal.
- Acquisition expected to double production capacity and add over $22M in annualized gross revenue.
- Bloomios plans to use the acquisition to uplist to Nasdaq and enter direct-to-consumer market.

## SEC filing metadata
- accession: 0001477932-22-008045
- form_type: 8-K
- cik: 0001138608
- company_name: BLOOMIOS, INC.
- filed_at: 2022-10-31T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 5.03, 2.01, 2.03, 3.02, 3.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1138608/000147793222008045/0001477932-22-008045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1138608/000147793222008045/blms_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-22-008045
- JSON: https://secwatch.observer/filing/0001477932-22-008045.json
- Plain text: https://secwatch.observer/filing/0001477932-22-008045.txt

## Key facts
- Debt Financings
  BLOOMIOS, INC. incurred convertible notes of five million dollars ($5,000,000) with Upexi, Inc. maturing 24 month anniversary of the Closing Date.
  - Instrument: convertible notes
  - Principal: five million dollars ($5,000,000)
  - Counterparty: Upexi, Inc.
  - Maturity: 24 month anniversary of the Closing Date
  - Event: incurrence
  source text: a convertible secured subordinated promissory note (the “Note”) in the principal amount of five million dollars ($5,000,000), which will mature and be payable on the 24 month anniversary of the Closing Date
  evidence_url: https://www.sec.gov/Archives/edgar/data/1138608/000147793222008045/0001477932-22-008045-index.htm
- Debt Financings
  BLOOMIOS, INC. incurred convertible notes of $13,893,059 (including a 15% original issue discount) at 15.0% Original Issue Discount.
  - Instrument: convertible notes
  - Principal: $13,893,059 (including a 15% original issue discount)
  - Rate: 15.0% Original Issue Discount
  - Event: incurrence
  source text: On October 26, 2022, the Company closed on an offering of the Debentures (the “Debenture Offering”). The Debentures have an aggregate principal amount of approximately $13,893,059 (including a 15% original issue discount).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1138608/000147793222008045/0001477932-22-008045-index.htm
- Governance Changes
  BLOOMIOS, INC.: 公司提交了系列D可转换优先股指定证书，创建了系列D优先股，并规定了其权利、股息、转换和清算优先条款，修订了公司章程。 (effective 2022-10-26).
  - Change: charter amendment
  - Effective: 2022-10-26
  source text: Although the Company filed the COD with the Secretary of State of the State of Nevada on October 25, 2022, it became effective upon the signing of the MIPA on October 26, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1138608/000147793222008045/0001477932-22-008045-index.htm
- M&A Transactions
  BLOOMIOS, INC. completed an acquisition involving Upexi, Inc. for $23,500,000 (closed 2022-10-26).
  - Action: acquisition
  - Counterparty: Upexi, Inc.
  - Consideration: $23,500,000
  - Closing: 2022-10-26
  source text: and the transfer of the Assets occurred on October 26, 2022 (the “Closing Date”). The purchase price of the LLC Interests was twenty-three million five hundred thousand dollars ($23,500,000) which consisted of cash consideration of five million five hundred thousand dollars ($5,500,000) and non-cash consideration of eighteen million dollars ($18,000,000). As further
  evidence_url: https://www.sec.gov/Archives/edgar/data/1138608/000147793222008045/0001477932-22-008045-index.htm
- Material Agreements
  BLOOMIOS, INC. entered into Membership Interest Purchase Agreement with Upexi, Inc. valued at $23,500,000 (effective 2022-10-26).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Upexi, Inc.
  - Value: $23,500,000
  - Effective: 2022-10-26
  source text: On October 26, 2022, Bloomios, Inc. (the “Company”) entered into a Membership Interest Purchase Agreement (the “MIPA”) by and among the Company, Upexi, Inc., (the “Seller”) and Infused Confections LLC (the “Buyer”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1138608/000147793222008045/0001477932-22-008045-index.htm

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