Results for: Blüm Holdings

California-based cannabis retailer Blüm Holdings, Inc. (BLMH) announced a significant 182% increase in revenue for the third quarter of 2024, driven by store consolidation and the success of its Korova brand. However, the company’s subsidiary, Unrivaled Brands, filed for Chapter 11 bankruptcy due to ongoing legal battles. Despite the challenges, Blüm Holdings remains unaffected and continues its operations as usual.

California cannabis company Blüm Holdings, Inc. (BLMH) announced strong second-quarter financial results, highlighted by the sale of Blüm Santa Ana, which significantly boosted the company’s balance sheet and positioned it for growth. Revenue and profitability saw substantial increases, demonstrating the company’s strategic focus on streamlining operations and reducing debt.