Blüm Holdings Moves Forward with Binding LOI for Key Acquisition
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 04 2025
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Source: Newsfilter
Acquisition Announcement: Blum Holdings, Inc. has signed a Binding Letter of Intent to acquire a Northern California dispensary for $2 million, following a previous non-binding agreement. The target dispensary generated approximately $18 million in gross revenue over the past year.
Future Prospects and Challenges: CEO Sabas Carrillo expressed optimism about the acquisition's potential to drive growth and stability for the company, while acknowledging the challenges ahead in completing the transaction amidst a turbulent cannabis industry landscape.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
