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.