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Blum Holdings ( (BLMH) ) just unveiled an announcement.
Blum Holdings, a California-based cannabis operator, reported a significant financial turnaround for the year ended December 31, 2024, with a net income of $33.1 million, marking a stark improvement from previous losses. The company’s restructuring efforts, including the strategic divestment of non-core dispensaries and integration of key retail locations, resulted in a 67% revenue increase and a 62% reduction in liabilities. This transformation has positioned Blum Holdings for future growth, as it transitions from restructuring to expansion, focusing on strategic acquisitions and market presence enhancement.
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, recognized for its high potency products. As a holding company and marketing platform, Blüm aims to leverage its ecosystem to accelerate customer and retail investor acquisition, increase brand awareness, and create value across its portfolio.
YTD Price Performance: 66.67%
Average Trading Volume: 10,719
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $6.43M
Find detailed analytics on BLMH stock on TipRanks’ Stock Analysis page.