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BLUM HOLDINGS INC. - $BLMH STOCK NEWS

Welcome to our dedicated page for BLUM HOLDINGS news (Ticker: $BLMH), a resource for investors and traders seeking the latest updates and insights on BLUM HOLDINGS stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect BLUM HOLDINGS's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of BLUM HOLDINGS's position in the market.

Rhea-AI Summary

Blum Holdings Inc., a cannabis company, acknowledges the DEA's plan to reschedule marijuana as a lower-risk substance, anticipating positive changes in the industry. The company remains optimistic about the potential financial and operational benefits this move could bring. Blum expresses support for the reclassification and readiness to adapt to the evolving regulatory landscape.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.37%
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Rhea-AI Summary
Blüm Holdings, Inc. releases its '2023 Annual Report: Executive Summary', highlighting 18 months of transformation with a focus on debt reduction and operational efficiency. Despite uncertainties, the company remains committed to delivering value to customers, employees, and shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.12%
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Rhea-AI Summary
Blüm Holdings Inc. reported its full-year 2023 and fourth-quarter financial results, highlighting a 36% decrease in revenues due to a strategic slowdown in the underperforming distribution segment. However, gross profit only fell by 3%, with gross margins increasing by 18% to 53%. Net loss from continuing operations improved by 93% to $13.8 million. EBITDA loss decreased significantly to $4.0 million. The company focused on divesting underperforming assets and reducing expenses, leading to improved operational efficiency and financial performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.13%
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Blüm Holdings, Inc. denounces sexual abuse of children in response to court documents alleging Bernard Steimann's molestation of a minor. The company severs ties with People's California, and related entities due to the seriousness of the allegations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
20.05%
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none
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Rhea-AI Summary
Blüm Holdings, Inc. subsidiary files civil complaint for theft of signage at Santa Ana store. The complaint alleges theft by individuals upset over rebranding.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.97%
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Rhea-AI Summary
Blum Holdings, Inc. (BLMH) secures a Temporary Restraining Order against New Patriot Holdings, Inc., ensuring access to parking spaces for Blüm Santa Ana in a dispute involving a breach of agreement. The court ruled in Blüm Santa Ana's favor, granting exclusive use of parking pending further legal proceedings.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.19%
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Rhea-AI Summary
Blum Holdings, Inc. announces the Proposed Acquisition of three Sacramento retail dispensaries and the introduction of a new brand, Turkey Bag Heroes. The acquisition will mark the company's entry into the Sacramento cannabis market, with anticipated highlights including $14.0 million in combined 2023 revenues, a customer base of 150,000, and a purchase price of $9.7 million. The company values itself at an estimated $42.0 million pre-transaction.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.41%
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Rhea-AI Summary
Blüm Holdings, Inc. announces a Binding Letter of Intent with Operators Only Corporation to acquire three dispensaries in Sacramento, potentially adding $14.0 million in revenue. The acquisition aims to strengthen Blüm Holdings' position in Northern California's retail cannabis market.
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News
Rhea-AI Summary
Blum Holdings, Inc. rebrands to 'BLMH' on OTCQB in a strategic move, leaving 'UNRVD' behind. The cannabis company operates in California.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.33%
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Rhea-AI Summary
Blum Holdings, Inc. announces unaudited financial results for fiscal year and quarter ended December 31, 2023, highlighting significant debt reduction, corporate restructuring, and retail operations focus. Revenue from continuing operations was $33.0 million, with a strong gross profit margin of 53%. Despite market challenges, total transactions grew by 5% in 2023. The company's resilience was seen in outperforming broader cannabis market trends in California, with notable revenue growth and transaction increase at specific store locations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.25%
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BLUM HOLDINGS INC.

OTC:BLMH

BLMH Rankings

BLMH Stock Data

6.35M
6.12M
38.17%
0.01%
Drug Manufacturers - Specialty & Generic
Healthcare
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United States of America
Santa Ana