Blum Holdings Inc
blumholdings.comWhat Do They Do?
Sells medical and adult-use cannabis products through dispensaries and delivery, and provides management and consulting services for California cannabis retailers.
10-K for FY2024, filed Mar 13, 2025Blüm is a publicly traded holding company with operations throughout California committed to providing the highest quality of medical and…View ↗
Cannabis Retail – Includes cannabis-focused retail, both physical stores and non-store front deliveryView ↗
Either independently or in conjunction with third parties, we operate medical marijuana retail and adult use dispensaries and distribution…View ↗
On May 1, 2024, the Company executed a management services agreement to manage the operations of Safe Accessible Solutions, Inc. (“SAS”)…View ↗
On May 1, 2024, the Company executed an agreement with Coastal Pine Holdings, Inc. (“Coastal”) to provide advisory and consulting services…View ↗
How Do They Make Money?
Retail customers pay at purchase when they take the product. Dispensaries pay for distributed products when they obtain control; the company also receives a management fee and provides consulting and business support to retailers.
10-K for FY2024, filed Mar 13, 2025Revenue from retail dispensaries is recorded at the time customers take possession of the product and recognized net of discounts…View ↗
The Company recognizes revenue from distribution product sales when its customers obtain control of the products. This determination is…View ↗
On May 1, 2024, the Company executed an amended and restated binding letter of intent to acquire 100% of the common stock of SAS. The…View ↗
On May 1, 2024, the Company, through its wholly-owned subsidiary Blum Management, executed an agreement with Coastal to provide advisory…View ↗
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10-K for FY2024, filed Mar 13, 2025
FY2024 revenue by reportable segment ↗
$13M
-
10-K for FY2024, filed Mar 13, 2025
$13M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Cannabis Retail
Sold outright
10-K for FY2024, filed Mar 13, 2025 |
99% |
Cannabis Retail, FY2024
$12.8M Sources
|
Sold outright |
|
Cannabis Cultivation and Distributions
Sold outright
|
1.5% |
Cannabis Cultivation and Distributions, FY2024
$189K Sources
|
Sold outright |
Who Are Their Customers?
California consumers buy cannabis through the company's retail stores and delivery. Dispensaries receive Korova and third-party products through licensed distributors; California retailers also receive management and consulting support.
10-K for FY2024, filed Mar 13, 2025Cannabis Retail – Includes cannabis-focused retail, both physical stores and non-store front deliveryView ↗
Either independently or in conjunction with third parties, we operate medical marijuana retail and adult use dispensaries and distribution…View ↗
Our branded products, Korova, are manufactured and distributed by licensed third-party distributors to dispensaries in California.View ↗
(ii) Cannabis Distribution – The Company distributes its own branded products under the Korova brand as well as third party products to…View ↗
On May 1, 2024, the Company executed a management services agreement to manage the operations of Safe Accessible Solutions, Inc. (“SAS”)…View ↗
On May 1, 2024, the Company executed an agreement with Coastal Pine Holdings, Inc. (“Coastal”) to provide advisory and consulting services…View ↗
Do Revenues Turn Into Profits?
Yes. Its net income in FY2024 was larger than its revenue, but spent more cash than it brought in: free cash flow was −$1.6M.
10-K for FY2024, filed Mar 13, 2025
$5.4MView ↗
10-K for FY2024, filed Mar 13, 2025
$33.1MView ↗
10-K for FY2024, filed Mar 13, 2025
−$1.6MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q3 FY2025, filed Nov 14, 2025
−$2.6MView ↗
- ▼ −32% (Loss)
- vs −$3.7M in Q3 FY2024
10-Q for Q3 FY2025, filed Nov 14, 2025
Open tableView ↗
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