Blum Holdings Inc. Releases 2024 Annual Report: Executive Summary
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), un operatore di cannabis con sede in California, ha pubblicato il suo Rapporto Annuale 2024: Sintesi Esecutiva. Il CEO Sabas Carrillo ha evidenziato la significativa trasformazione finanziaria e operativa dell'azienda attraverso una ristrutturazione strategica, una sostanziale riduzione del debito e un'operatività focalizzata.
L'azienda riporta di aver rafforzato la propria base finanziaria nonostante le sfide del settore in corso, grazie a operazioni snellite e a una gestione ottimizzata del portafoglio attivi. La direzione ha espresso fiducia nella propria disciplina esecutiva e resilienza, fissando aspettative per un continuo slancio fino al 2025.
Blum Holdings (OTCQB: BLMH), un operador de cannabis con sede en California, ha publicado su Informe Anual 2024: Resumen Ejecutivo. El CEO Sabas Carrillo destacó la transformación financiera y operativa significativa de la empresa a través de una reestructuración estratégica, una reducción sustancial de la deuda y operaciones centrales enfocadas.
La empresa informa que ha fortalecido su base financiera a pesar de los desafíos continuos de la industria mediante operaciones optimizadas y una gestión del portafolio de activos. La dirección expresó confianza en su disciplina de ejecución y resiliencia, estableciendo expectativas para un impulso continuo hacia 2025.
Blum Holdings (OTCQB: BLMH), 캘리포니아에 본사를 둔 대마초 운영업체가 2024 연례 보고서: 경영 요약을 발표했습니다. CEO 사바스 카리요는 전략적 구조 조정, 상당한 부채 감소 및 집중된 핵심 운영을 통해 회사의 중요한 재무 및 운영 변화를 강조했습니다.
회사는 간소화된 운영과 최적화된 자산 포트폴리오 관리를 통해 지속적인 산업 도전에도 불구하고 재무 기반을 강화했다고 보고했습니다. 경영진은 실행의 규율과 회복력에 대한 자신감을 표명하며 2025년까지 계속해서 모멘텀을 유지할 것이라는 기대를 설정했습니다.
Blum Holdings (OTCQB: BLMH), un opérateur de cannabis basé en Californie, a publié son Rapport Annuel 2024 : Résumé Exécutif. Le PDG Sabas Carrillo a souligné la transformation financière et opérationnelle significative de l'entreprise grâce à une restructuration stratégique, une réduction substantielle de la dette et des opérations centrales ciblées.
L'entreprise rapporte avoir renforcé sa base financière malgré les défis persistants de l'industrie grâce à des opérations rationalisées et une gestion optimisée de son portefeuille d'actifs. La direction a exprimé sa confiance dans sa discipline d'exécution et sa résilience, fixant des attentes pour un élan continu jusqu'en 2025.
Blum Holdings (OTCQB: BLMH), ein in Kalifornien ansässiger Cannabis-Betreiber, hat seinen Jahresbericht 2024: Executive Summary veröffentlicht. CEO Sabas Carrillo hob die bedeutende finanzielle und betriebliche Transformation des Unternehmens durch strategische Umstrukturierung, erhebliche Schuldenreduzierung und fokussierte Kernoperationen hervor.
Das Unternehmen berichtet, dass es trotz der anhaltenden Herausforderungen in der Branche seine finanzielle Basis durch optimierte Abläufe und ein verbessertes Management des Anlageportfolios stärken konnte. Das Management äußerte Vertrauen in seine Disziplin bei der Ausführung und Resilienz und setzte Erwartungen für anhaltenden Schwung bis 2025.
- Substantial debt reduction achieved
- Successful operational streamlining implemented
- Asset portfolio optimization completed
- Company still facing ongoing industry challenges
- Trading on OTCQB market rather than major exchange
DOWNEY, Calif., March 13, 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, is proud to announce the release of its “2024 Annual Report: Executive Summary”.
“The Executive Summary highlights Blüm’s significant financial and operational transformation over the past year,” said Sabas Carrillo, Chief Executive Officer of Blüm Holdings. “Through strategic restructuring, substantial debt reduction, and a disciplined focus on core operations, we have meaningfully strengthened our financial foundation. Despite ongoing industry challenges, we believe our ability to streamline operations, optimize our asset portfolio, and enhance financial efficiency has positioned us for long-term growth. Additionally, we believe that our resilience and execution discipline have set the stage for continued success, and we look forward to building on this momentum in 2025 and beyond.”
The full “2024 Annual Report: Executive Summary,” including comprehensive financial charts and management discussions, can be viewed here.
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.
Follow us on Instagram @blumholdings
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
What major transformations did BLMH implement in 2024?
How is BLMH addressing current cannabis industry challenges?
What strategic initiatives has BLMH undertaken to improve financial performance?
What are BLMH's growth expectations for 2025?
