Blum Holdings Stock Price, News & Analysis

Blum Holdings (OTCQB: BLMH), a California-based holding company, has announced the completion of its turnaround phase in the first half of 2025. Under CEO Sabas Carrillo's leadership, the company has implemented strategic initiatives including disciplined restructuring, significant cost reductions, and expansion of retail locations.

The company reports a transformation of its financial and operational foundation, with a focus on sustainable growth and long-term value creation. Blum has also undertaken initiatives to revitalize its brand portfolio. Detailed financial highlights and operational updates are available in the full First Half 2025 Executive Summary.

Blum Holdings (OTCQB: BLMH) reported Q2 2025 financial results, marking a transition from turnaround to disciplined growth. Revenue increased to $3.5 million in Q2 2025 from $2.2 million in Q1 2025, driven by a new Bay Area location. Gross margin improved to 49% from 42% year-over-year but decreased from 53% quarter-over-quarter.

Operating expenses significantly decreased by 69% to $2.5 million compared to Q2 2024. The company reported a net loss of $1.9 million in Q2 2025, compared to net income of $7.3 million in Q2 2024, which included one-time gains. Total assets increased by $14.6 million from year-end 2024, primarily due to a Northern California dispensary acquisition expected to generate $12.0 million in annualized revenue.

The company secured $0.5 million in additional funding, bringing total 2025 capital raised to $2.1 million, and entered a binding term sheet to acquire another dispensary expected to add $4.1 million in annual revenue.

Blüm Holdings (OTCQB: BLMH) has signed a binding agreement to acquire a majority stake in a licensed cannabis dispensary in Northern California. The all-stock transaction values the target at up to $5.0 million, including performance-based earn-outs tied to revenue and EBITDA metrics.

The acquisition will expand Blüm's retail portfolio, adding to its existing three Northern California stores and recently acquired Bay Area location. Under a Management Services Agreement (MSA), Blüm will begin integration on July 1, 2025, managing key functions including compliance, accounting, marketing, and finance.

The transaction is expected to close in Q3 2025, subject to definitive agreements and regulatory approvals.

Blüm Holdings (OTCQB: BLMH) has announced a binding term sheet to acquire 100% membership interest in a holding company that owns a non-controlling equity stake in Cookies, a leading cannabis brand. The acquisition will be executed through Blüm Acquisition Co. for 489,131 shares of Blüm common stock and a warrant to purchase 30,762 shares at $0.64 per share, with an implied transaction value of $562,500.

The deal aims to expand Blüm's indirect stake in Cookies and strengthen its alignment with one of the most recognized cannabis brands in the U.S. The transaction is expected to close in Q3 2025, subject to definitive agreements and regulatory approvals.

Blum Holdings (OTCQB: BLMH) has executed an Amended and Restated Binding Letter of Intent to acquire a Northern California cannabis dispensary for $2.0 million. The acquisition is expected to add over $12.0 million in annual revenue, more than doubling Blüm's current revenue. The deal structure includes:

- $1.3M in cash (including a $500K senior convertible note)
- $500K in BLMH common stock at $1.15 per share
- $800K escrowed payment upon Management Services Agreement execution
- Performance-based earn-outs tied to revenue milestones

The revised terms represent a 40% improvement in share valuation. The deal grants Blüm immediate operational control through an MSA, pending final regulatory approvals.

Blüm Holdings (OTCQB: BLMH) reported strong Q1 2025 financial results, showing significant improvements across key metrics. Revenue increased 26% to $2.2 million compared to Q1 2024, driven by strategic asset divestitures and expansion in Northern California. The company achieved a positive EBITDA of $57,000, marking a substantial turnaround from a $3.0 million loss in Q1 2024. Gross margin improved to 53%, while operating expenses decreased to $2.5 million from $4.4 million year-over-year. Net loss from continuing operations significantly reduced to $0.6 million from $3.5 million in Q1 2024. The company raised $1.6 million in capital in 2025 and executed an LOI with a Bay Area dispensary expected to generate $12.0 million in annual revenue. Management emphasized their focus on securing capital, evaluating strategic acquisitions, and driving growth in the California cannabis market.

Blum Holdings (OTCQB: BLMH) has announced progress in its settlement with People's California, and affiliated parties. The cannabis operator has executed definitive documentation for the settlement terms previously announced on February 24, 2025, following a judicially supervised settlement conference.

The comprehensive resolution aims to settle all outstanding litigation, adversary proceedings, and contested matters between the involved parties, including Blum's subsidiaries Unrivaled Brands and Halladay Holding, which are currently in Chapter 11 bankruptcy proceedings. The settlement requires approval from the United States Bankruptcy Court for the Central District of California to become effective.

The company views this potential settlement as a significant milestone in its restructuring efforts, potentially offering greater clarity and stability for stakeholders. A motion to approve the compromise has been filed, though court approval is not guaranteed.

Blum Holdings (OTCQB: BLMH), a California-based cannabis operator, has released its 2024 Annual Report: Executive Summary. CEO Sabas Carrillo highlighted the company's significant financial and operational transformation through strategic restructuring, substantial debt reduction, and focused core operations.

The company reports strengthening its financial foundation despite ongoing industry challenges through streamlined operations and optimized asset portfolio management. Management expressed confidence in their execution discipline and resilience, setting expectations for continued momentum into 2025.

Blum Holdings (OTCQB: BLMH) reported strong financial results for FY2024, achieving a remarkable turnaround with $33.1 million in net income, compared to losses of $14.1 million in 2023 and $188.7 million in 2022.

Key financial highlights include:

• Revenue growth of 67% to $13.0 million
• Gross profit increase of 63% to $6.2 million with 48% margin
• EBITDA from continuing operations of $21.2 million
• Liability reduction of 62% to $29.6 million
• Earnings per share of $1.79 (basic) and $1.21 (diluted)

The California-based cannabis operator's performance was driven by successful integration of three Northern California retail stores contributing $7.7 million in revenue, strategic divestment of non-core dispensaries, and effective restructuring initiatives. The company completed its transformation with only $1.97 million in new capital raised, positioning itself for measured expansion and financial sustainability.