Blum Holdings, Inc. Announces Final Global Settlement with People’s California, LLC
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 24 2025
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Source: Globenewswire
Settlement Announcement: Blum Holdings, Inc. has reached a global settlement with People’s California, LLC, resolving over two and a half years of litigation related to multiple lawsuits, including a $23 million breach of contract case.
Future Outlook: The settlement includes mutual releases between the parties and is subject to documentation and approval by the presiding bankruptcy judge, with Blum Holdings' CEO expressing optimism for the company's future.
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.
