BLMH Research | Milton Maxwell

BLMH

Blum Holdings, Inc.

0.7200

-0.0100-1.37%

Dec 16, 4:00:00 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

18.17M

P/E (TTM)

1.01

Basic EPS (TTM)

0.71

Dividend Yield

Recent Filings

8-K

1/7/26Jan 7, 2026

8-K

12/18/25Dec 18, 2025

8-K

Blum inks $1.6M notes

12/5/25Dec 5, 2025

Blum Holdings executed five unsecured promissory notes totaling $1.6M to a related-party lender from December 1-5, 2025, formalizing prior advances, each at 8% interest with maturities through 2027 and prepayable without penalty. Notes convert at lender's option to equity at 85% of $20.9M pre-money valuation ($0.98/share fully diluted). Lender got warrants for 1.7M shares at $0.35 strike, exercisable to 2028. Related-party terms raise governance flags.

8-K

Director Barron resigns

11/20/25Nov 20, 2025

Blum Holdings' director Matthew Barron resigned from the board and Audit Committee effective November 17, 2025. No disagreements with company operations, policies, or practices triggered the exit. Board shrinks quietly.

8-K

Q3 revenue jumps 39%

11/14/25Nov 14, 2025

Blum Holdings reported Q3 2025 revenue of $4.8M, up 39% from $3.5M in Q2, fueled by Redding store acquisition, with gross margin steady at 48%. SG&A as revenue percentage fell to 79%, signaling leverage, yet net loss widened to $2.6M amid integration costs. Issued 10M+ shares on November 13 for debt repayment, vendor payments, and holdback fees tied to pending acquisitions. Growth operational. Tax liabilities loom large.

About

Blum Holdings, Inc., through its subsidiaries, engages in the retail and distribution of cannabis products in the United States. It operates through two segments, Cannabis Retail and Cannabis Distribution. The company offers cannabis products, including flower, edibles, and concentrates under the Korova brand. It also operates retail stores under the Cookies Sacramento brand; and medical marijuana retail and adult use dispensaries and distribution facilities. In addition, the company provides advisory and consulting services for dispensaries. The company was formerly known as Unrivaled Brands, Inc. and changed its name to Blum Holdings, Inc. in January 2024. Blum Holdings, Inc. was founded in 2010 and is headquartered in Downey, California.

CEO

Mr. Sabas Carrillo

IPO

5/10/2012

Website

https://blumholdings.com

Employees

133

Sector

Healthcare

Industry

Pharmaceutical Retailers