SANTA ANA, Calif., May 06, 2024 (GLOBE NEWSWIRE) -- Blum Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm,” “we” or “us”), a cannabis company which through its subsidiaries has operations throughout California, remains optimistic about the Drug Enforcement Administration’s (“DEA”) decision to reschedule marijuana as a lower-risk substance. This groundbreaking move is anticipated to reform the cannabis industry by alleviating longstanding financial and operational burdens. “Cannabis has a long
Executive Summary Highlights 18 Months of TransformationSANTA ANA, Calif., April 18, 2024 (GLOBE NEWSWIRE) -- Blüm Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm,” “we” or “us”), a cannabis company which through its subsidiaries has operations throughout California, is proud to announce the release of its “2023 Annual Report: Executive Summary”. “The Executive Summary encapsulates the transformative journey of Unrivaled Brands, Inc. over the past 18 months, characterized by a restructuring,
SANTA ANA, Calif., April 16, 2024 (GLOBE NEWSWIRE) -- Blum Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm,” “we” or “us”), a cannabis company with operations throughout California, today reported financial results for the full year and fourth quarter ended December 31, 2023. Full Year 2023 Highlights Revenues decreased by 36% compared to the prior year primarily due to the Company's strategic slowdown in its underperforming distribution segment. However, gross profit only fell by 3%, or $0.5