Blum Holdings Inc.
0.6500+0.01 (+1.56%)
Oct 31, 4:00:00 PM EDT · OTC Markets OTCQB · BLMH · USD
Key Stats
Market Cap
8.81MP/E (TTM)
1.10Basic EPS (TTM)
0.59Dividend Yield
0%Recent Filings
8-K
Blum ends turnaround phase
Blum Holdings announced its First Half 2025 Executive Summary on August 29, 2025, signaling the end of its turnaround phase through restructuring, cost cuts, and new retail expansions. CEO Sabas Carrillo highlighted a transformed foundation for sustainable growth in the cannabis sector. Yet risks persist amid forward-looking uncertainties.
8-K
Q2 revenue jumps, loss widens
Blum Holdings reported Q2 2025 revenue of $3.5 million, up from $2.2 million in Q1, fueled by a new Bay Area retail location, while gross margins held at 49% amid initial ramp-up costs. Operating expenses stayed flat at $2.5 million year-over-year after a 69% cut, but net loss from continuing operations widened to $1.9 million due to integration pressures. Adjusted EBITDA loss narrowed to $0.6 million; the turnaround sharpens. Total assets rose $14.6 million from the acquisition, yet tax liabilities climbed $16.4 million, with management eyeing federal reforms for relief.
10-Q
Q2 FY2025 results
Blum Holdings posted Q2 revenue of $3.5M, down 8.3% y/y but up 55.3% q/q (derived), with gross profit climbing to $1.7M and margins holding at 48.6% amid a shift to higher-margin Northern California stores. Acquisitions drove the momentum: Coastal Pines Group closed May 2024 for $6.6M (stock/notes), adding $3.9M YTD revenue, while EWCR closed May 2025 for $1.6M (cash/stock/earn-out), recognizing $12.2M goodwill and $3.6M intangibles (14-year life). Operating loss narrowed to $0.8M from $6.4M y/y, thanks to SG&A cuts, though net loss hit $1.9M after $0.3M taxes and $0.2M derivative shifts. Cash dipped to $0.4M with $0.9M used in ops; total debt stands at $4.9M (various notes, 6-10% rates, 2025-2028 maturities) and $1.2M revolver availability, but going concern doubts linger. Retail dominates at 97% of sales. Bankruptcy filings by subsidiaries add execution risks.
8-K
Blum acquires California dispensary
Blum Holdings entered a binding term sheet on July 1, 2025, to acquire majority membership interests in a Northern California cannabis retail operator for $5 million in common stock, subject to adjustments and up to $750,000 earn-out based on revenue and EBITDA targets. Through a simultaneous Management Services Agreement, Blum's subsidiary gained exclusive operational control, capturing 100% economic benefits while covering all expenses, enabling immediate consolidation under the VIE model. This bolsters Blum's retail footprint amid regulatory hurdles. Closing hinges on approvals; no guarantees.
8-K
Blüm controls Bay Area dispensary
Blüm Holdings gained exclusive operational control of a licensed Bay Area cannabis retailer on May 15, 2025, via a Management Services Agreement with its subsidiary, securing 100% of the economic benefits while covering all expenses. This triggers consolidation of the target's operations under the VIE model, with $800,000 paid as an advance toward a planned stock acquisition. It bolsters Blüm's retail footprint in California. Yet, regulatory compliance remains key.
IPO
Website
Employees
Sector
Industry
CBSTF
THE CANNABIST COMPANY HOLDINGS
0.08-0.00
CRLBF
Cresco Labs Inc.
1.21+0.07
CURLF
Curaleaf Hldgs Inc.
2.82+0.07
GHBWF
-
0.41-0.06
GRAM
GOLD FLORA CORP.
0.00+0.00
GTBIF
Green Thumb Industries Inc.
7.05+0.21
HITI
High Tide Inc.
3.11+0.05
LEEEF
LEEF BRANDS INC
0.19+0.01
MAJI
Marijuana Inc.
0.09+0.00
MSTH
Mystic Holdings Inc.
0.01+0.00