Blum Holdings, Inc. successfully closed the acquisition of a high-volume Bay Area cannabis retail dispensary.
The acquired dispensary in Northern California generates approximately $12.0 million in annual revenue.
The acquisition expands Blum's presence in the Northern California market.
Disciplined Growth Strategy
Focused on acquiring durable retail assets with real revenue and customer base.
Successful Acquisition Completion
All outstanding equity of the operating entity was purchased through a stock purchase agreement, including cash and equity consideration.
Strategic Expansion in Cannabis Industry
Positioned to benefit from improved execution, regulatory developments, and broader industry growth.
- The acquisition strengthens Blum Holdings' position in the cannabis sector.
- Increased market presence in high-volume retail operations enhances revenue potential and brand visibility.
Blum Holdings' acquisition reflects strategic growth initiatives in the expanding cannabis industry, setting the stage for future development and market opportunities.