Blum Holdings (BLMH) AI Stock Analysis

• Market Cap: $7.93M
• Dividend Yield: N/A
• Average Volume (3M): 2.89K
• Price to Earnings (P/E): 0.4
• Beta (1Y): 1.45
• Revenue Growth: -56.27%
• EPS Growth: N/A
• Country: US
• Employees: 38
• Sector: Healthcare
• Sector Strength: 42
• Industry: Drug Manufacturers - Specialty & Generic
• EPS (TTM): 1.11
• Shares Outstanding: 13,553,473
• 10 Day Avg. Volume: 4,150
• 30 Day Avg. Volume: 2,887
• PEG Ratio: 0.02
• Price to Book (P/B): -1.38
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -8.29
• Enterprise Value/Market Cap: 1.57
• Enterprise Value/Revenue: 0.16
• Enterprise Value/Gross Profit: 1.97
• Enterprise Value/Ebitda: 0.26
• 1Y Price Target: $0.50
• Price Target Upside: -13.79% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 50 Neutral
• Price Target: $0.50 ▼(-13.79%Downside)

The most significant factors affecting Blum Holdings' stock score are its challenging financial position and technical analysis indicators suggesting a bearish trend. However, recent strategic acquisitions and agreements provide positive momentum, potentially enhancing its market position and stabilizing operations.

Blum Holdings Business Overview & Revenue Model

Company Description

Blum Holdings (BLMH) is a diversified conglomerate operating across multiple sectors including technology, healthcare, and renewable energy. The company is committed to innovation and sustainability, offering a range of products and services designed to improve efficiency and promote environmental stewardship. Blum Holdings' core offerings include advanced software solutions, medical devices, and solar energy systems.

How the Company Makes Money

Blum Holdings generates revenue through a diversified portfolio of business units. In the technology sector, it earns money by developing and licensing software solutions to enterprise clients, which include proprietary platforms and cloud-based services. In healthcare, the company makes money through the sale and distribution of medical devices, often facilitated by partnerships with hospitals and healthcare providers. Additionally, Blum Holdings capitalizes on the growing demand for renewable energy by manufacturing and installing solar panels and energy storage systems, often working in collaboration with government bodies and private enterprises to deploy large-scale solar projects. Key factors contributing to its earnings include strategic partnerships, a strong focus on research and development, and a commitment to sustainability that aligns with global environmental initiatives.

Blum Holdings Financial Statement Overview

Summary

Blum Holdings faces significant financial challenges, including high leverage and negative stockholders' equity, indicating financial distress. Despite slight improvements in net income and cash flow, the overall financial position remains precarious, necessitating strategic changes for long-term stability.

Income Statement

The income statement reveals mixed performance. The TTM data shows improvement in net income, but with negative EBIT, indicating potential operational inefficiencies. Gross profit margin has been relatively stable, but the overall revenue trend is declining, which is concerning for growth prospects.

Balance Sheet

The balance sheet shows high leverage with negative stockholders' equity, indicating financial distress. The debt-to-equity ratio is undefined due to negative equity, and the equity ratio is concerning. This suggests potential solvency issues and a need for capital restructuring.

Cash Flow

Cash flow analysis indicates negative free cash flow and operating cash flow, raising concerns about liquidity. However, the TTM shows some improvement in free cash flow compared to previous periods, indicating a potential positive trajectory in cash management.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	12.99M	33.23M	52.02M	42.12M	6.16M
Gross Profit	6.21M	14.00M	16.90M	11.02M	2.64M
EBITDA	22.00M	-2.26M	-171.57M	-30.07M	-1.83M
Net Income	33.10M	-14.13M	-188.93M	-31.27M	-30.12M
Balance Sheet
Total Assets	24.82M	32.07M	40.51M	271.82M	100.29M
Cash, Cash Equivalents and Short-Term Investments	1.04M	862.00K	1.20M	6.70M	34.26M
Total Debt	4.79M	37.70M	49.56M	79.41M	23.13M
Total Liabilities	29.56M	77.77M	77.05M	125.34M	41.16M
Stockholders Equity	-4.74M	-45.70M	-36.54M	142.63M	54.67M
Cash Flow
Free Cash Flow	-2.15M	-1.29M	-9.76M	-21.93M	-16.31M
Operating Cash Flow	-2.14M	-965.00K	-7.83M	-17.96M	-14.84M
Investing Cash Flow	2.03M	462.00K	19.61M	21.67M	11.80M
Financing Cash Flow	143.00K	539.00K	-17.27M	4.50M	2.70M

Blum Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.58
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BLMH, the sentiment is Negative. The current price of 0.58 is below the 20-day moving average (MA) of 0.63, below the 50-day MA of 0.69, and below the 200-day MA of 0.67, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 38.77 is Neutral, neither overbought nor oversold. The STOCH value of 58.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BLMH.

Blum Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PAVM	54 Neutral	$10.43M	0.85	-499.57%	―	-33.92%	―
Sector *	52 Neutral	$7.35B	-0.07	-63.71%	2.36%	16.17%	0.03%
BLMH	50 Neutral	$7.93M	0.43	-27.37%	―	-56.27%	―
BRTX	48 Neutral	$11.78M	―	-117.16%	―	175.03%	55.34%
FLGC	43 Neutral	$14.00M	―	-336.65%	―	-28.78%	86.97%
SNSE	40 Underperform	$9.88M	―	-64.18%	―	―	1.00%
NERV	34 Underperform	$13.92M	2.41	>-0.01%	―	―	―

Blum Holdings Corporate Events

Blum Holdings Acquires Majority Interest in Cannabis Retail

On July 1, 2025, Blüm Holdings entered into a binding term sheet to acquire a majority interest in a Northern California cannabis retail operator. The transaction, valued at $5 million, is structured as an all-stock deal with performance-based earn-outs. Through a Management Services Agreement, Blüm has gained operational control of the target’s business, consolidating its operations into Blüm’s financial statements. This acquisition is part of Blüm’s strategy to expand its retail platform and strengthen its market position in California, with the transaction expected to close in Q3 2025.

Blum Holdings Announces Acquisition of Cannabis Brand Stake

On May 15, 2025, Blum Management Holdings, a subsidiary of Blüm Holdings, entered into a Management Service Agreement with a licensed cannabis retail operator in the Bay Area, granting it exclusive operational control while the Target retains the license. This agreement allows Blüm to consolidate the Target’s operations into its financial statements, enhancing its control over operations and financial outcomes. Additionally, on May 21, 2025, Blüm Holdings announced a binding term sheet to acquire a holding company with an equity interest in Cookies, a leading cannabis brand. This strategic move is part of Blüm’s long-term strategy to increase its economic exposure to major cannabis brands, with the transaction expected to close in Q3 2025.

Blum Holdings Announces Share Exchange Agreement

On May 12, 2025, Blum Holdings, Inc. announced its intention to acquire 100% of the membership interests in a holding company with equity in Cookies Creative Consulting & Promotions, Inc. through a Share Exchange Agreement. The transaction will involve issuing shares and warrants valued at $562,500, subject to customary conditions and approvals, although completion is not guaranteed.

Blum Holdings Announces Major Acquisition in California

On May 15, 2025, Blüm Holdings announced the execution of an Amended and Restated Binding Letter of Intent to acquire a licensed retail cannabis operator in Northern California. This acquisition is expected to more than double Blüm’s annual revenue, significantly enhancing its market position in California’s cannabis industry. The transaction involves a total consideration of $2.0 million, structured with cash and common stock, and includes performance-based earn-outs to align with Blüm’s growth objectives. This strategic move is part of Blüm’s plan to become a dominant brand in the California cannabis market.

Blum Holdings Acquires Bay Area Cannabis Operator

On May 13, 2025, Blüm Holdings executed an Amended and Restated Binding Letter of Intent to acquire a licensed retail cannabis operator in the Bay Area for $2.0 million, gaining immediate operational control. The company also appointed Brad Hirsch to its Board of Directors on May 8, 2025, and reported significant financial improvements for Q1 2025, including a 26% revenue increase and positive EBITDA, reflecting operational efficiency and strategic restructuring.

Blum Holdings Executes $1M Unsecured Promissory Note

On May 2, 2025, Blum Holdings, Inc. executed an Unsecured Promissory Note worth $1,000,000 with a maturity date of May 2, 2027, and an interest rate of 8% per annum. This financial move allows the lender to convert the note into shares at a discounted rate and includes warrants for purchasing additional shares, potentially impacting Blum’s capital structure and investor relations.