Blum Holdings Inc. (BLMH)
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BlĂĽm Holdings Signs Agreement to Acquire Northern California Retail Dispensary
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.
BlĂĽm Holdings Expands Platform Through the Contemplated Acquisition of Cookies Equity Holder
Strategic transaction will deepen BlĂĽm's indirect stake in Cookies and will further align its platform with one of the most recognized cannabis brands in the U.S. Strategic transaction will deepen BlĂĽm's indirect stake in Cookies and will further align its platform with one of the most recognized cannabis brands in the U.S.
Blum Holdings, Inc. Doubles Revenue Potential with Execution of Amended and Restated LOI, Accelerating Acquisition of Premier Northern California Dispensary
DOWNEY, Calif., May 15, 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, today announced the execution of an Amended and Restated Binding Letter of Intent (“A&R LOI”), as previously disclosed in press releases dated January 21, 2025 and February 4, 2025, to acquire 100% of the issued and outstanding common stock of a licensed retail cannabis operator located in Northern California (the “Target”).
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Blum Holdings Inc. Profile
| Drug Manufacturers - Specialty & Generic Industry | Healthcare Sector | Mr. Sabas Carrillo CEO | OTC PINK Exchange | US09642F1012 ISIN |
| US Country | 38 Employees | - Last Dividend | 16 Jan 2024 Last Split | - IPO Date |
Overview
Blum Holdings, Inc., originally founded in 2010 and headquartered in Santa Ana, California, is a vertically integrated cannabis company that is deeply involved in the cultivation, manufacturing, distribution, and retail of medical and adult-use cannabis products within the state of California. Initially known as Unrivaled Brands, Inc., the company underwent a name change to Blum Holdings, Inc. in January 2024, signaling a new phase in its corporate identity and direction. The company operates across two main segments: Cannabis Retail and Cannabis Distribution. Through its extensive operations, Blum Holdings, Inc. manages a network of medical marijuana and adult use dispensaries, alongside cultivation and manufacturing facilities, showcasing its comprehensive involvement in the cannabis industry.
Products and Services
- Cannabis Retail - Blum Holdings, Inc. provides a broad selection of cannabis products through its dispensaries, catering to both medical marijuana patients and adult-use consumers. This encompasses a variety of cannabis strains, edibles, concentrates, and topicals, designed to meet diverse consumer needs and preferences.
- Cannabis Distribution - Apart from retail, the company plays a significant role in the distribution of cannabis products. This includes the transportation and supply of cannabis products from cultivation sites to dispensaries across California. Their distribution network ensures a steady and regulatory-compliant flow of products within the market, serving as a crucial link between cultivation and retail.
- Cultivation - Blum Holdings, Inc. engages in the cultivation of high-quality cannabis, leveraging state-of-the-art facilities to grow a wide range of cannabis strains. This not only enables the company to supply its own dispensaries but also to distribute premium cannabis flowers to other retailers within the state.
- Manufacturing - In addition to growing cannabis, the company has developed capabilities in manufacturing cannabis products, including edibles, concentrates, and other marijuana-infused products. This allows for innovation in product offerings and consistency in quality, catering to evolving market trends and consumer preferences.
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