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Blum Holdings ( (BLMH) ) just unveiled an update.
On February 24, 2025, Blüm Holdings, a California-based cannabis operator, announced a global settlement with People’s California, LLC, resolving over two and a half years of litigation. The settlement, which includes mutual releases and the dismissal of several lawsuits, is expected to support the Debtors’ Chapter 11 plan and has been verbally ratified by the involved parties. This resolution marks a significant step for Blüm Holdings, potentially stabilizing its operations and enhancing its industry positioning.
More about Blum Holdings
Blüm Holdings is a leader in the cannabis sector, known for its commitment to quality, innovation, and customer service. The company operates leading dispensaries throughout California and owns several brands, including Korova, which is recognized for its high potency products. Blüm Holdings aims to leverage its ecosystem to accelerate customer and retail investor acquisition, increase brand awareness, and create value across its portfolio.
YTD Price Performance: 144.44%
Average Trading Volume: 14,889
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $10.72M
Learn more about BLMH stock on TipRanks’ Stock Analysis page.