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Blum Holdings ( (BLMH) ) has shared an update.
On January 21, 2025, Blüm Holdings announced the receipt of $900,000 in financing to support operational and acquisition-related activities. The company has signed term sheets for three strategic transactions aimed at enhancing its retail and brand portfolio, including acquisitions related to the globally recognized cannabis brand Cookies. These transactions are intended to strengthen Blüm’s market positioning and expand its operational footprint, although they are still subject to final agreements and regulatory approval.
More about Blum Holdings
Blüm Holdings is a prominent player in the cannabis industry, known for its commitment to quality, innovation, and customer service. It operates leading dispensaries across California and owns several notable brands such as Korova, which is recognized for its high-potency cannabis products.
YTD Price Performance: 122.22%
Average Trading Volume: 25,543
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $9.74M
See more insights into BLMH stock on TipRanks’ Stock Analysis page.