Blüm Holdings Signs Agreement to Acquire Northern California Retail Dispensary
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) ha firmato un accordo vincolante per acquisire una quota di maggioranza in una dispensaria di cannabis autorizzata nel Nord della California. La transazione interamente in azioni valuta l'obiettivo fino a 5,0 milioni di dollari, inclusi premi legati alle performance basati su ricavi e metriche EBITDA.
L'acquisizione amplierà il portafoglio retail di Blüm, aggiungendo ai suoi tre negozi nel Nord della California e alla recente acquisizione nella Bay Area. In base a un Accordo di Servizi di Gestione (MSA), Blüm inizierà l'integrazione il 1° luglio 2025, gestendo funzioni chiave quali conformità, contabilità, marketing e finanza.
La chiusura della transazione è prevista per il terzo trimestre del 2025, subordinata a accordi definitivi e approvazioni normative.
Blüm Holdings (OTCQB: BLMH) ha firmado un acuerdo vinculante para adquirir una participación mayoritaria en un dispensario de cannabis licenciado en el norte de California. La transacción totalmente en acciones valora el objetivo hasta en 5,0 millones de dólares, incluyendo pagos adicionales basados en el rendimiento ligados a métricas de ingresos y EBITDA.
La adquisición ampliará la cartera minorista de Blüm, sumándose a sus tres tiendas en el norte de California y la ubicación recientemente adquirida en el Área de la Bahía. Bajo un Acuerdo de Servicios de Gestión (MSA), Blüm comenzará la integración el 1 de julio de 2025, gestionando funciones clave como cumplimiento, contabilidad, marketing y finanzas.
Se espera que la transacción se cierre en el tercer trimestre de 2025, sujeto a acuerdos definitivos y aprobaciones regulatorias.
Blüm Holdings (OTCQB: BLMH)는 북부 캘리포니아에 위치한 허가받은 대마초 판매점의 과반수 지분을 인수하기 위한 구속력 있는 계약을 체결했습니다. 주식 거래로 진행되며, 대상 기업 가치는 최대 500만 달러에 달합니다 이는 수익 및 EBITDA 지표에 따른 성과 기반 추가 지급금도 포함됩니다.
이번 인수로 Blüm의 소매 포트폴리오가 확장되어 기존 북부 캘리포니아 내 세 개 매장과 최근 인수한 베이 지역 매장이 추가됩니다. 관리 서비스 계약(MSA)에 따라 Blüm은 2025년 7월 1일부터 통합 작업을 시작하며, 준수, 회계, 마케팅, 재무 등 주요 기능을 관리할 예정입니다.
이 거래는 2025년 3분기에 최종 계약 및 규제 승인 조건 하에 완료될 것으로 예상됩니다.
Blüm Holdings (OTCQB: BLMH) a signé un accord contraignant pour acquérir une participation majoritaire dans une dispensaire de cannabis autorisée dans le nord de la Californie. La transaction entièrement en actions valorise la cible jusqu'à 5,0 millions de dollars, incluant des compléments de prix basés sur la performance liés aux revenus et aux indicateurs EBITDA.
Cette acquisition permettra d'élargir le portefeuille de vente au détail de Blüm, en ajoutant à ses trois magasins du nord de la Californie ainsi qu'à l'emplacement récemment acquis dans la Bay Area. Dans le cadre d'un accord de services de gestion (MSA), Blüm commencera l'intégration le 1er juillet 2025, en gérant des fonctions clés telles que la conformité, la comptabilité, le marketing et la finance.
La clôture de la transaction est prévue pour le troisième trimestre 2025, sous réserve d'accords définitifs et d'approbations réglementaires.
Blüm Holdings (OTCQB: BLMH) hat eine verbindliche Vereinbarung zum Erwerb einer Mehrheitsbeteiligung an einer lizenzierten Cannabis-Apotheke in Nordkalifornien unterzeichnet. Die Aktientransaktion bewertet das Zielunternehmen mit bis zu 5,0 Millionen US-Dollar, einschließlich leistungsabhängiger Earn-outs, die an Umsatz- und EBITDA-Kennzahlen gekoppelt sind.
Die Übernahme wird Blüms Einzelhandelsportfolio erweitern und ergänzt die bestehenden drei Geschäfte in Nordkalifornien sowie den kürzlich erworbenen Standort in der Bay Area. Im Rahmen eines Management-Service-Vertrags (MSA) wird Blüm am 1. Juli 2025 mit der Integration beginnen und zentrale Funktionen wie Compliance, Buchhaltung, Marketing und Finanzen übernehmen.
Der Abschluss der Transaktion wird für das dritte Quartal 2025 erwartet, vorbehaltlich endgültiger Vereinbarungen und behördlicher Genehmigungen.
- All-stock acquisition valued at up to $5.0 million preserves cash resources
- Performance-based earn-out structure aligns incentives with target's success
- Expands retail footprint to 5 locations in Northern California
- Immediate operational integration through MSA starting July 1, 2025
- Transaction subject to definitive agreements and regulatory approvals
- All-stock deal structure may lead to shareholder dilution
- Integration risks with existing operations
DOWNEY, Calif., July 03, 2025 (GLOBE NEWSWIRE) -- Blum Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm,” “Blüm Holdings,” “we” or “us”), a California-based publicly traded holding company and cannabis operator, announced today that it has signed a binding agreement to acquire majority of the membership interests in another licensed adult-use and medical cannabis dispensary in Northern California.
This marks Blüm’s latest strategic acquisition as it continues to scale its retail platform across California. The new dispensary will join Blüm’s growing portfolio, which includes three other Northern California stores and a recently acquired Bay Area location.
The transaction is structured as an all-stock deal, valuing the business at up to
“We are deeply honored that this group of seasoned operators chose to entrust their business to Blüm,” said Sabas Carrillo, Chief Executive Officer of Blüm Holdings. “This deal reflects our ongoing commitment to partnering with strong operators who share our values and performance standards, while we provide the support and infrastructure to unlock further growth.”
The dispensary has established a strong presence in its local community, supported by consistent financial performance and an experienced, customer-focused leadership team. The earn-out structure is designed to align incentives and reward continued success.
Blüm Holdings has made meaningful progress in executing its turnaround strategy and positioning itself for long-term growth through disciplined acquisitions, operational excellence, and brand-forward retail execution. The Company continues to identify and partner with operators who bring local expertise, cultural alignment, and a proven track record.
“We didn’t get here alone,” Carrillo added. “This transaction reflects not just a business milestone, but a collective win for everyone who believed in us—our shareholders, advisors, teammates, and partners. We’re just getting started.”
The transaction is expected to close upon the completion of definitive agreements and customary closing conditions. Closing is targeted for Q3 2025. No assurances can be provided that definitive agreements will be successfully negotiated, executed, or closed, or that necessary regulatory approvals will be obtained.
About Blüm Holdings
Blüm Holdings is a leader in the cannabis sector. Our commitment to quality, innovation, and customer service makes us a trusted name in the cannabis industry, dedicated to shaping its future. Blüm Holdings, through its subsidiaries, operates leading dispensaries throughout California as well as several leading company-owned brands including Korova, known for its high potency products across multiple product categories, including the legendary 1000 mg THC Black Bar. As both a holding company and a marketing platform, Blüm aims to leverage its growing ecosystem to accelerate customer and retail investor acquisition, increase brand awareness, and create value across its portfolio.
For more info, please visit: https://blumholdings.com or follow us on Instagram.
Contact:
Jason Assad
LR Advisors LLC.
jassad@blumholdings.com
678-570-6791
Cautionary Language Concerning Forward-Looking Statements
Certain statements contained in this communication regarding matters that are not historical facts, are forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, known as the PSLRA. These include statements regarding management's intentions, plans, beliefs, expectations, or forecasts for the future, and, therefore, you are cautioned not to place undue reliance on them. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by law. The Company uses words such as “anticipates,” “believes,” “plans,” “expects,” “projects,” “future,” “intends,” “may,” “will,” “should,” “could,” “estimates,” “predicts,” “potential,” “continue,” “guidance,” and similar expressions to identify these forward-looking statements that are intended to be covered by the safe-harbor provisions of the PSLRA. Such forward-looking statements are based on the Company’s expectations and involve risks and uncertainties; consequently, actual results may differ materially from those expressed or implied in the statements due to a number of factors.
New factors emerge from time-to-time and it is not possible for the Company to predict all such factors, nor can the Company assess the impact of each such factor on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. These risks, as well as other risks associated with the combination, will be more fully discussed in the Company’s reports with the SEC. Additional risks and uncertainties are identified and discussed in the “Risk Factors” section of the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed from time to time with the SEC. Forward-looking statements included in this release are based on information available to the Company as of the date of this release. The Company undertakes no obligation to update such forward-looking statements to reflect events or circumstances after the date of this release.
FAQ
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