---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-22-008060"
form_type: "8-K"
ticker: "UPXI"
cik: "0001775194"
company_name: "UPEXI, INC."
filed_at: "2022-11-01T23:59:59+00:00"
generated_at: "2026-06-22T19:00:27.457993+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Upexi sells select CBD assets for $23.5M; reiterates FY2023 revenue guidance $72-82M

## Summary
- Sold 100% of Infusionz LLC to Bloomios for ~$23.5M in cash, convertible note, preferred stock, debenture, and warrants.
- Received $5.5M cash at closing, plus $9.5M loan receivables and $8.5M in Bloomios preferred equity.
- Reiterated FY2023 revenue guidance of $72-82M; expects to issue capital plan update by Nov 14, 2022.
- Obtained $3M, 10-year mortgage at 4.8% on Florida HQ to reduce short-term acquisition loans.
- Sold CBD assets originally acquired for ~$6.3M, reflecting value growth via partnerships and organic growth.

## SEC filing metadata
- accession: 0001477932-22-008060
- form_type: 8-K
- ticker: UPXI
- cik: 0001775194
- company_name: UPEXI, INC.
- filed_at: 2022-11-01T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1775194/000147793222008060/0001477932-22-008060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1775194/000147793222008060/upxi_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-22-008060
- JSON: https://secwatch.observer/filing/0001477932-22-008060.json
- Plain text: https://secwatch.observer/filing/0001477932-22-008060.txt

## Key facts
- M&A Transactions
  UPEXI, INC. completed a disposition involving Bloomios, Inc. and its wholly owned subsidiary Infused Confections LLC for Twenty-Three Million Five Hundred Thousand Dollars ($23,500,000) (closed 2022-10-26).
  - Action: disposition
  - Counterparty: Bloomios, Inc. and its wholly owned subsidiary Infused Confections LLC
  - Consideration: Twenty-Three Million Five Hundred Thousand Dollars ($23,500,000)
  - Closing: 2022-10-26
  source text: to the Buyers (the “Transaction”). The base consideration paid by the Sellers to the Company in the transaction totals Twenty-Three Million Five Hundred Thousand Dollars ($23,500,000), subject to adjustment, and consists of: (i) Five Million Five Hundred Thousand Dollars ($5,500,000) paid at closing; (ii) a convertible secured subordinated promissory note
  evidence_url: https://www.sec.gov/Archives/edgar/data/1775194/000147793222008060/0001477932-22-008060-index.htm
- Material Agreements
  UPEXI, INC. entered into Membership Interest Purchase Agreement with Bloomios, Inc. and its wholly owned subsidiary Infused Confections LLC valued at Twenty-Three Million Five Hundred Thousand Dollars ($23,500,000) (effective 2022-10-26).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Bloomios, Inc. and its wholly owned subsidiary Infused Confections LLC
  - Value: Twenty-Three Million Five Hundred Thousand Dollars ($23,500,000)
  - Effective: 2022-10-26
  source text: On October 26, 2022, Upexi, Inc. (the “Company”) entered into a Membership Interest Purchase Agreement (the “MIPA”) with Bloomios, Inc., a Nevada corporation (“Bloomios”), and its wholly owned subsidiary Infused Confections LLC, a Wyoming limited liability company (together with Bloomios, the “Buyers”), pursuant to which the Company sold 100% of the membership interests of Infusionz LLC, a Colorado limited liability company (“Infusionz”) to the Buyers (the “Transaction”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1775194/000147793222008060/0001477932-22-008060-index.htm

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