BLUM HOLDINGS, INC. (BLMH)
Blum Holdings, Inc. is an entity operating within California's regulated cannabis market, comprehensively addressing both medical and adult-use demands. The company's multifaceted involvement encompasses the cultivation, production, distribution, and retail sales of cannabis products. Its business activities are organized into two primary divisions: Cannabis Retail and Cannabis Distribution. This includes direct oversight of its cultivation sites, manufacturing facilities, and dispensaries catering to diverse customer needs. The company, originally established in 2010, maintains its principal office in Santa Ana, California. It adopted the name Blum Holdings, Inc. in January 2024, having previously operated as Unrivaled Brands, Inc.
Sector: Retail-Miscellaneous Retail
Industry: Specialty Retail
Blum Holdings, Inc.
OTC:BLMHHealthcare · Drug Manufacturers - Specialty & Generic
+11.45%$0.1684
Mkt Cap$4.25M
Float16.76M
O/S25.23M
Inst Own0.0%
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$14.91M
Net Income-$7.96M
Total Assets$44.52M
Free Cash Flow-$2.53M
Debt & Equity
Debt 2292%
Preferred 0%
Total Debt$7.5M
Total Equity-$7.17M
Preferred Stock$1K
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in BLMH's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$44.52M
Liabilities$48.74M
Accounts Receivable$111K
Accounts Payable$10.32M
Inventory$403K
PP&E (Net)$4.39M
Goodwill$17.12M
Intangible Assets$21.18M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $14.91M | $12.99M | $33.23M | $52.02M | $42.12M | $6.16M | $16.49M |
| YoY Growth | 14.8% | -60.9% | -36.1% | 23.5% | 583.7% | -62.6% | - |
| Cost of Revenue | $8.9M | $6.78M | $19.23M | $35.12M | $31.1M | $3.52M | $6.14M |
| Gross Profit | $6M | $6.21M | $14M | $16.9M | $11.02M | $2.64M | $10.35M |
| Gross Margin | 40.3% | 47.8% | 42.1% | 32.5% | 26.2% | 42.9% | 62.8% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $13.37M | $18.56M | $26.6M | $54.16M | $46.31M | $19.32M | $36.68M |
| Other | $0 | $0 | $0 | $0 | -$433K | $0 | $50K |
| Total Operating Expenses | $13.37M | $18.56M | $26.6M | $54.16M | $46.31M | $19.32M | $36.68M |
| Operating Income (EBIT) | -$7.37M | $5.38M | -$12.6M | -$193.76M | -$38.33M | -$36.59M | -$34.91M |
| Operating Margin | -49.4% | 41.4% | -37.9% | -372.5% | -91.0% | -593.8% | -211.7% |
| Interest Expense | $1.8M | $2.12M | -$3.78M | $4.17M | $1.77M | $1.39M | $9.29M |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $1.74M | $12.93M | $2.9M | -$1.87M | -$2.85M | $8.67M | -$9.24M |
| Income Before Tax (EBT) | -$5.63M | $18.31M | -$9.7M | -$195.63M | -$41.18M | -$8.01M | -$44.15M |
| Income Tax Expense | $2.33M | $1.42M | $4.12M | -$2.78M | $885K | $0 | $0 |
| Net Income | -$7.96M | $33.1M | -$14.13M | -$188.93M | -$31.27M | -$30.12M | -$46.93M |
| Net Income Margin | -53.4% | 254.8% | -42.5% | -363.2% | -74.2% | -488.8% | -284.6% |
| Supplementary Data | |||||||
| EPS | -0.53 | 3.89 | -1.72 | -32.04 | -8.30 | -15.69 | -44.26 |
| Diluted EPS | -0.60 | 2.47 | -1.72 | -32.04 | -8.30 | -15.69 | -44.26 |
| Weighted Average OS | 13.35M | 8.50M | 8.19M | 5.90M | 3.77M | 1.92M | 1.06M |
| EBITDA | -$6.3M | $22M | -$2.26M | -$180.51M | -$30.07M | -$1.83M | -$27.65M |
| EBITDA Margin | -42.3% | 169.4% | -6.8% | -347.0% | -71.4% | -29.8% | -167.7% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $813K | $1.04M | $862K | $1.2M | $6.7M | $217K | $1.23M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $34.05M | $0 |
| Cash and Short-Term Investments | $813K | $1.04M | $862K | $1.2M | $6.7M | $34.26M | $1.23M |
| Accounts Receivable | $111K | $331K | $1.65M | $938K | $4.76M | $352K | $693K |
| Inventory | $403K | $674K | $1.7M | $1.94M | $6.18M | $759K | $4.33M |
| Other Current Assets | $323K | $826K | $1.13M | $498K | $6.35M | $2.02M | $2.44M |
| Total Current Assets | $1.65M | $2.87M | $4.69M | $4.58M | $25.26M | $37.61M | $9.37M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $4.39M | $1.88M | $18.73M | $13M | $23.16M | $12.63M | $35.47M |
| Goodwill | $17.12M | $17.12M | $3.58M | $3.58M | $48.13M | $6.17M | $21.47M |
| Intangible Assets | $21.18M | $2.95M | $1.36M | $2.86M | $129.64M | $7.71M | $14.87M |
| Long-Term Investments | $0 | $0 | $2.07M | $210K | $164K | $330K | $5M |
| Deferred Tax Assets | $0 | $0 | $5.62M | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $186K | $0 | $1.64M | $16.28M | $45.46M | $35.84M | $33.07M |
| Total Long-Term Assets | $42.87M | $21.95M | $27.38M | $35.93M | $246.56M | $62.69M | $109.88M |
| Other Assets | $0 | $0 | $0 | $0 | -$1K | $0 | $0 |
| Total Assets | $44.52M | $24.82M | $32.07M | $40.51M | $271.82M | $100.29M | $119.25M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $10.32M | $6.99M | $13.85M | $12.99M | $15.63M | $6.03M | $5.18M |
| Short-Term Debt | $1.07M | $650K | $24.51M | $29.66M | $45.45M | $8.03M | $12.08M |
| Current Income Tax Payable | $0 | $1.62M | $16.64M | $11.09M | $12.83M | $337K | $210K |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $19.54M | $1.5M | $4.34M |
| Other Current Liabilities | $784K | $399K | $7.06M | $3.8M | $14.29M | $10.89M | $9.67M |
| Total Current Liabilities | $24.21M | $9.66M | $62.55M | $59.14M | $87.71M | $26.42M | $27.58M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $3.06M | $2.32M | $6.49M | $4.81M | $10.01M | $6.63M | $6.57M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $2.22M | $1.77M | $112K | $4.26M | $6.12M | $0 | $0 |
| Other Long-Term Liabilities | $15.88M | $14M | $0 | $0 | $591K | $335K | $869K |
| Total Long-Term Liabilities | $24.53M | $19.91M | $15.22M | $17.9M | $37.63M | $14.74M | $16.34M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $48.74M | $29.56M | $77.77M | $77.05M | $125.34M | $41.16M | $43.92M |
| Stockholders' Equity | |||||||
| Preferred Stock | $1K | $1K | $1K | $0 | $0 | $0 | $0 |
| Common Stock | $27K | $12K | $9K | $701K | $521K | $218K | $120K |
| Retained Earnings | -$429.04M | -$421.08M | -$454.18M | -$440.05M | -$250.01M | -$219.8M | -$189.69M |
| Comprehensive Income & Other | $0 | $0 | -$1K | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $421.85M | $414.32M | $408.47M | $402.81M | $392.12M | $274.25M | $259.71M |
| Total Equity | -$7.17M | -$6.75M | -$45.7M | -$36.54M | $142.63M | $54.67M | $70.14M |
| Minority Interest | $0 | $0 | $0 | $0 | $3.86M | $4.46M | $5.18M |
| Total Liabilities and Equity | $41.57M | $22.82M | $32.07M | $40.51M | $267.96M | $95.83M | $114.07M |
| Supplementary Data | |||||||
| Total Debt | $7.5M | $4.79M | $37.7M | $49.56M | $79.41M | $23.13M | $26.49M |
| Net Debt | $6.68M | $3.75M | $36.84M | $48.36M | $72.71M | $22.92M | $25.27M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | -$7.05M | $15.21M | -$13.82M | -$183.91M | -$42.06M | -$8.01M | -$47.85M |
| Depreciation & Amortization | $1.07M | $1.57M | $3.66M | $10.95M | $9.34M | $4.78M | $7.2M |
| Deferred Income Tax | -$47K | $113K | $112K | -$6.12M | $835K | $0 | $0 |
| Stock-Based Compensation | $0 | $371K | $2.44M | $4.92M | $4.06M | $2.17M | $5.29M |
| Changes in Working Capital: | |||||||
| Accounts Receivable | -$80K | $53K | -$1.15M | $1.14M | $3.21M | $227K | -$715K |
| Inventory | $467K | $947K | -$45K | $4.02M | $1.99M | $3.58M | -$3.12M |
| Accounts Payable | $4.56M | $10.31M | $12.51M | $7.4M | -$3.9M | -$174K | $2.46M |
| Other Working Capital | -$116K | -$108K | -$966K | $1.78M | $172K | -$920K | -$148K |
| Total Working Capital Change | $4.83M | $11.2M | $10.35M | $14.38M | $1.47M | $2.08M | $544K |
| Other Non-Cash Items | -$1.31M | -$30.01M | -$4.08M | $151.95M | $8.41M | $1.84M | $11.5M |
| Net Cash from Operating | -$2.5M | -$1.55M | -$1.34M | -$7.83M | -$17.96M | -$14.84M | -$14.74M |
| Investing Activities | |||||||
| Capital Expenditures | -$25K | -$10K | -$321K | -$1.8M | -$3.97M | -$1.47M | -$1.59M |
| Acquisitions | -$655K | $959K | $0 | $450K | -$22.09M | $57K | -$273K |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $1.3M | $210K | $0 | $39.38M | $0 | $0 |
| Other Investing Activities | -$291K | -$219K | $573K | $21.08M | $8.35M | $202K | -$551K |
| Net Cash from Investing | -$971K | $2.03M | $462K | $19.61M | $21.67M | $11.8M | $629K |
| Financing Activities | |||||||
| Debt Repaid | -$3.25M | -$143K | $1.43M | $21.65M | -$1.73M | -$2.45M | -$10.85M |
| Common Stock Issuance | $0 | $0 | $1.97M | $4.38M | $3M | $250K | $4.5M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | -$228K | $0 | -$808K |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | -$228K | -$1K | -$6.4M |
| Net Cash from Financing | $3.25M | $143K | $539K | -$17.27M | $4.5M | $2.7M | $8.14M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$227K | $624K | -$338K | -$5.5M | $6.48M | -$1.01M | -$5.97M |
| Supplementary Data | |||||||
| Operating Cash Flow | -$2.5M | -$2.14M | -$965K | -$7.83M | -$17.96M | -$14.84M | -$14.74M |
| Capital Expenditure | -$25K | -$10K | -$321K | -$1.92M | -$3.97M | -$1.47M | -$1.59M |
| Free Cash Flow | -$2.53M | -$2.15M | -$1.29M | -$9.76M | -$21.93M | -$16.31M | -$16.33M |
| Cash at Beginning | $1.04M | $416K | $1.2M | $6.7M | $217K | $1.23M | $7.19M |
| Cash at End | $813K | $1.04M | $862K | $1.2M | $6.7M | $217K | $1.23M |