Earnings summaries and quarterly performance for BLUM HOLDINGS.
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Recent press releases and 8-K filings for BLMH.
Blum Holdings Announces Debt Conversion and Capital Structure Changes
BLMH
Debt Issuance
Executive Compensation
- Blum Holdings, Inc. completed a debt conversion on December 31, 2025, converting $3.05 million of outstanding debt and accrued interest into 3,248,547 shares of common stock at $0.98 per share. This action eliminated legacy unsecured obligations and simplified the capital structure.
- On the same date, the company executed a $525,000 senior secured promissory note with an 8.0% annual interest rate and a December 31, 2027, maturity date, consolidating prior unsecured notes.
- Concurrently, warrants previously issued in connection with the prior unsecured notes, allowing for the purchase of up to 198,114 shares at $0.53 per share, were cancelled.
- Additionally, Blum Holdings issued 2,551,020 shares of common stock to Adnant, LLC, a related party, on December 31, 2025, to satisfy a performance-based equity award, at an implied price of $0.98 per share.
Jan 7, 2026, 10:14 PM
Blum Holdings Announces Closing of Bay Area Cannabis Dispensary Acquisition
BLMH
M&A
New Projects/Investments
Revenue Acceleration/Inflection
- Blum Holdings, Inc. (BLMH) announced the closing of its acquisition of a high-volume Bay Area cannabis retail dispensary on December 18, 2025.
- The acquired dispensary is a fully licensed retail operator located in a major Northern California market and has generated approximately $12.0 million in annual revenue.
- The transaction, completed through a stock purchase agreement, involved a combination of cash and equity consideration and expands Blüm's Northern California footprint.
Dec 18, 2025, 10:05 PM
Blum Holdings, Inc. Issues Convertible Notes and Warrants
BLMH
Debt Issuance
Convertible Preferred Issuance
- Blum Holdings, Inc. issued unsecured promissory notes totaling $600,000 in principal amount on December 4 and 5, 2025, bearing 8.0% annual interest and maturing in November 2027.
- These notes are convertible into shares of capital stock at a price of $0.98 per share, based on an $20.9 million pre-money valuation.
- In connection with these notes and other transactions in early December 2025, the company granted warrants to purchase a total of 1,714,286 shares of common stock.
- All warrants have an exercise price of $0.35 per share and are exercisable until various dates in December 2028.
Dec 5, 2025, 8:47 PM
Blum Holdings Inc. Reports Q3 2025 Financial Results
BLMH
Earnings
Revenue Acceleration/Inflection
M&A
- Blum Holdings Inc. reported revenue of $4.8 million for Q3 2025, marking a 39% increase over Q2 2025, primarily driven by the acquisition of the Redding store.
- The company recorded a net loss from operations of $1.5 million and an Adjusted EBITDA loss of $1.3 million in Q3 2025, attributed to short-term acquisition and transition costs.
- Total assets increased by $20.3 million and total liabilities by $22.8 million compared to year-end 2024, reflecting the acquisition of two new retail stores and consolidated tax obligations.
- In October 2025, Blum Holdings secured an additional $0.7 million, contributing to a total of $3.2 million in capital raised during calendar year 2025. Additionally, in November 2025, the company issued millions of shares of common stock for debt conversion, accounts payable repayment, and acquisition-related fees.
Nov 14, 2025, 10:25 PM
Blum Holdings, Inc. Issues Unsecured Promissory Notes and Warrants
BLMH
Debt Issuance
Convertible Preferred Issuance
- Blum Holdings, Inc. executed two unsecured promissory notes on September 16, 2025, and September 17, 2025, for $500,000 and $250,000, respectively, totaling $750,000 in principal.
- Both notes bear an 8.0% annual interest rate, compounded monthly, with interest payments commencing on January 15, 2026, and maturity dates of September 16, 2027, and September 17, 2027, respectively.
- The notes are convertible at the lender's election into convertible promissory notes, which include automatic conversion into capital stock at a conversion price equal to 85% of a $20,900,000 pre-money valuation (or $0.98 per share on a fully diluted basis).
- In connection with these notes, the company will grant warrants to purchase up to 571,429 shares and 285,714 shares of common stock, respectively, at an exercise price of $0.35 per share.
- The $500,000 note formalizes an advance payment received on August 11, 2025.
Sep 22, 2025, 9:27 PM
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