Blum Holdings - 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.

Blum Holdings, Inc. (OTCQB: BLMH) is a diversified company with a strong focus on retail operations within the cannabis industry. Headquartered in Santa Ana, California, Blum Holdings is strategically expanding its market presence through key acquisitions and brand development initiatives.

One of the company's recent milestones includes the proposed acquisition and rollup transaction of three retail dispensaries in Sacramento. This move is expected to significantly enhance Blum Holdings' footprint in the retail cannabis market, offering a broader array of products and services to consumers.

Additionally, Blum Holdings has introduced a new brand called Turkey Bag Heroes, which is part of its strategic efforts to consolidate and streamline its retail operations. This brand aims to capture a larger market share by offering unique and high-quality cannabis products.

The company is dedicated to maintaining robust financial health and transparency, continually updating its stakeholders on significant developments. Blum Holdings' recent efforts reflect its commitment to growth and innovation in a competitive market landscape.

For more information on recent news and updates, visit the official news release pages:

05/06/2024 08:30 AM

News

Blüm Holdings Inc. Acknowledges Impact to Cannabis Industry from DEA’s Plan to Reschedule Marijuana

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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.

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04/18/2024 04:50 PM

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Blüm Holdings Releases 2023 Annual Report: Executive Summary

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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.

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04/16/2024 06:00 AM

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Blüm Holdings Inc. Reports Full Year 2023 and Fourth Quarter Financial Results

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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.

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03/28/2024 09:00 AM

News

Blüm Responds to Allegations of Child Molestation By Bernard Steimann, “People’s California” Managing Member; Denounces Sexual Abuse of Children

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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.

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03/06/2024 08:30 AM

News

Blüm Subsidiary Unrivaled Files Suit Against Bernard Steimann, Dan Troup, and Troup Construction for Theft

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Blüm Holdings, Inc. subsidiary files civil complaint for theft of signage at Santa Ana store. The complaint alleges theft by individuals upset over rebranding.

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03/01/2024 08:30 AM

News

People’s First Choice, LLC (“Blüm Santa Ana”) Granted Temporary Restraining Order Against New Patriot Holdings, Inc.

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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.

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02/14/2024 08:30 AM

News

Blüm Holdings Announces Highlights of Proposed Acquisition, Unveils New Brand: Turkey Bag Heroes

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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.

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02/13/2024 08:30 AM

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Blüm Holdings Executes Binding LOI to Acquire $14 Million Portfolio of Retail Assets Including Iconic Cookies Cannabis Dispensary

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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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02/12/2024 01:27 PM

News

Blüm Holdings Begins Trading as "BLMH"

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Blum Holdings, Inc. rebrands to 'BLMH' on OTCQB in a strategic move, leaving 'UNRVD' behind. The cannabis company operates in California.

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02/06/2024 08:30 AM

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Blüm Holdings Reports Encouraging Preliminary 2023 Revenues Amidst Comprehensive Corporate Overhaul and Market Challenges

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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.

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FAQ

What is the current stock price of Blum Holdings (BLMH)?

The current stock price of Blum Holdings (BLMH) is $1.05 as of February 24, 2025.

What is the market cap of Blum Holdings (BLMH)?

The market cap of Blum Holdings (BLMH) is approximately 11.2M.

What is Blum Holdings, Inc.?

Blum Holdings, Inc. is a diversified company focused on retail operations within the cannabis industry, headquartered in Santa Ana, California.

What is the latest acquisition by Blum Holdings?

Blum Holdings has announced a proposed acquisition and rollup transaction of three retail dispensaries in Sacramento.

What is Turkey Bag Heroes?

Turkey Bag Heroes is a new brand introduced by Blum Holdings as part of its strategic efforts to consolidate and streamline its retail operations.

Where is Blum Holdings headquartered?

Blum Holdings is headquartered in Santa Ana, California.

What is Blum Holdings’ stock symbol?

Blum Holdings' stock symbol is OTCQB: BLMH.

Who can I contact for more information about Blum Holdings?

You can contact Jason Assad from LR Advisors LLC at jassad@blumholdings.com or call 678-570-6791.

What is the significance of Blum Holdings’ recent rollup transaction?

The rollup transaction is expected to enhance Blum Holdings' market presence and offer a wider range of products and services to consumers in Sacramento.