Highest-materiality recent filing
Blum Holdings converts $3.05M debt to equity, issues ~5.8M shares; new $525K secured note
Converted $3.05M of unsecured debt & accrued interest into 3,248,547 shares at $0.98/share.
Blum Holdings closes acquisition of Bay Area dispensary with $12M annual revenue
Acquired all outstanding equity of a high-volume Bay Area cannabis retail dispensary.
Blum Holdings raises $1.5M via convertible notes at $0.98/share; issues warrants
Five unsecured promissory notes totaling $1.5M, 8% interest, maturities from Sep 2027 to Nov 2027.
Director Matthew Barron resigns from Blum Holdings Board effective Nov 17, 2025
Matthew Barron resigned as director and Audit Committee member effective November 17, 2025.
Blum Holdings Q3 revenue $4.8M, up 39% QoQ; net loss widens to $1.5M; massive stock dilution
Revenue $4.8M, +39% QoQ from $3.5M; driven by Redding acquisition; gross margin 48% vs 49% Q2.
Blum Holdings issues $750K in unsecured promissory notes with 8% interest and equity conversion
Two notes totaling $750K: $500K on Sep 16 and $250K on Sep 17, 2025, both maturing Sep 2027.
Blum Holdings amends 8-K; target deal not significant under Reg S-X, no financials required
Original 8-K reported binding term sheet with a Northern California cannabis retailer and a management services agreement.
Blum Holdings releases First Half 2025 Executive Summary; CEO says turnaround phase closed
Company issued First Half 2025 Executive Summary on August 29, 2025.
Blum Holdings Q2 revenue $3.5M, net loss $1.9M; cost reductions improve operating expenses 69%
Revenue $3.5M, up 59% QoQ; gross margin 49% vs 42% in Q2 2024.
All-stock deal for majority membership interests: 3,633,540 shares valued at ~$5.0M with performance earn-outs.
Blum Holdings gains control of Bay Area cannabis retailer, signs deal for Cookies equity interest
MSA grants Blum Management exclusive operational & economic control of a licensed Bay Area cannabis retailer; $800k paid to seller.
Blum to issue 489,131 shares and a warrant for 30,762 shares at $0.64 in exchange for 100% of holding company that owns equity in CCCP.
Blum Holdings doubles revenue potential with amended LOI to acquire Northern CA dispensary
Transaction expected to generate over $12M in annual revenue, more than doubling Blüm's revenue.
Blum Q1 revenue up 26% to $2.2M; EBITDA turns positive at $57K
Net loss from continuing ops improved to $0.6M from $3.5M YoY; operating expenses down 43% to $2.5M.
Blum Holdings enters $1M unsecured note; convertible at 85% of $20.9M pre-money
Principal $1,000,000, 8.0% interest, maturity May 2, 2027; interest payable monthly starting June 15, 2025.
Definitive documentation executed for global settlement with People's California, LLC.
Blum Holdings swings to $33.1M net income in FY2024; revenue up 67% to $13.0M
Net income of $33.1M vs net loss of $14.1M in 2023; diluted EPS $1.21 vs ($1.67).
Blum Holdings deconsolidates Unrivaled/Halladay after Chapter 11; pro forma shows $30M net income
On Nov 6, 2024, subsidiaries Unrivaled Brands and Halladay Holding filed Chapter 11; parent Blum Holdings is not included in proceedings.
Global settlement extinguishes over 2.5 years of litigation, including $23M breach-of-contract action from People's California.
Total consideration $2.0M: $1.3M cash at close, $200K cash/stock earn-out, $500K in BLMH stock at $1.90/share held in escrow 12 months.
Blum Holdings secures $900k financing, signs term sheets for three acquisitions
$900k financing led by Douglas Rosenberg (Mesh/1212 Ventures, Cookies investor) for operations and M&A.
Blum Holdings enters $100K notes and signs non-binding LOI to acquire California dispensary for $2M
Issued $100,000 aggregate unsecured promissory notes to four investors, convertible with warrants at $0.64 per share.
Blum Holdings agrees to acquire Mesh Ventures for $8.99M in stock, cash, and warrants
Aggregate consideration: $359,610 cash, 4,531,965 shares of common stock, and warrants for 471,989 shares at $0.64.
Blum Holdings to acquire MTV II for $3.9M in cash and stock; MTV II holds minority stake in Cookies
Blum will pay $250k cash and issue 1,931,152 shares plus warrants for 238,368 shares at $0.54 to acquire 100% of MTV II.
Blum converts $6.2M AP to equity at $1.62/share; amends $800K note with related party
$6,165,050 of accounts payable converted into 3,808,559 shares at $1.62 (85% of $1.90 reference price).
Series V Preferred Stock has no preferential dividend rights; dividends at Board's discretion.
Blum Holdings COO James Miller retires effective Dec 2, 2024; continues as director
James Miller retired as COO of Blum Holdings, effective December 2, 2024.
Blum Holdings issues $400K unsecured convertible note with 15% discount
$400,000 unsecured promissory note issued to an investor on Nov 12, 2024; maturity May 12, 2026.
Blum Holdings Q3 2024: revenue up 182% YoY, gross margin 56%, debt cut 68% YTD
Revenue from continuing operations +15% QoQ, +182% YoY; gross margin improved to 56% in Q3 2024.
Blum Holdings subsidiary Unrivaled Brands files Chapter 11 bankruptcy amid activist litigation
Wholly owned subsidiary Unrivaled Brands, Inc. filed for Chapter 11 bankruptcy on Nov 12, 2024.
Blum Holdings subsidiary Unrivaled Brands files Chapter 11; assets $6M vs liabilities $35M
Unrivaled Brands and Halladay Holding entered Chapter 11 on Nov 6, 2024; estimated assets $6.0M, liabilities $35.0M.
Blum Holdings sells Blüm Oakland and Blüm San Leandro for total $3.18M in liability assumption
Sold all shares of Blüm Oakland ($2.06M) and Blüm San Leandro ($1.12M) to VLPS, LLC via assumption of liabilities.
Blum Holdings Q2 2024: Net Income $23.4M on Sale Gain; Debt Cut 83% Over Three Years
Net income of $23.4M driven by $31.7M non-cash gain from sale of Blüm Santa Ana; adjusted EBITDA loss of $3.7M.
Blum Holdings replaces auditor Matsuura with GuzmanGray after practice merger
Matsuura resigned as independent auditor on July 19, 2024, effective upon merger of its practice into GuzmanGray.
Coastal Pines Group 2023 revenue $13.6M, net loss $1.3M; working capital deficit $13.6M
Net loss of $1.32M in 2023 (improved from $2.21M loss in 2022); operating income of $0.08M.
Court denied People's ex parte application for a multi-million dollar judgment against Unrivaled.
Blum Holdings sells controlling stake in Blüm Santa Ana, eliminates $44.5M debt, estimates $34M gain
Total consideration of $24.8M: $9M cash plus $15.84M in assumed liabilities; cash used to settle debt and litigation.
Blum Holdings sells Blüm Santa Ana dispensary, eliminates $44.5M in liabilities, books $34M gain
Sold 80% controlling interest in People's First Choice (Blüm Santa Ana) for total consideration of $24.8M ($9M cash + assumption of $15.8M liabilities).
Blum Holdings wins eviction judgment against Peoples Vape for non-payment of rent
Court ordered writ of possession and cancelled rental agreement for Blüm Santa Ana premises.
Blum Holdings Q1 revenue down to $6.8M; net loss improves 61% to $3.0M
Q1 2024 revenue $6.8M, down from $8.1M in Q4 2023 due to closure of non-performing retail.
Monthly fee of $75,000 for advisory/consulting services; term through April 26, 2025, renewable annually.
Blum Holdings acknowledges DEA's plan to reschedule marijuana to Schedule III
DEA proposes moving marijuana from Schedule I to Schedule III, a lower-risk classification.
Total consideration: $1,000,071 secured promissory note ($23,811/mo over 42 months) plus 945,605 shares (~8.05% of Blum).
Dismissed Marcum LLP effective April 23, 2024; engaged MATSUURA as new auditor same day.
On May 8, 2025, the Company appointed Brad Hirsch to the Board of Directors of the Company (the “Board”), effective May 8, 2025.
Max materiality 0.90 · Median 0.65 · Most common event m_and_a