Blum Holdings announced that it has entered into a Binding Letter of Intent to acquire a premier Northern California dispensary. This follows the previously announced Non-Binding Letter of Intent disclosed in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on January 15 2025.
Pursuant to the terms of the LOI, a wholly own subsidiary of Blüm will acquire 100% of the issued and outstanding stock of the Target for a total purchase price of $2.0 million structured as a combination of cash and equity, and subject to a performance-based bonus award.
No assurances can be made that the Company will successfully negotiate and enter into definitive agreements for the transactions contemplated by the LOI or that the Company will be successful in completing the Transaction.
For more information:
Blüm Holdings
3242 S. Halladay Street
Santa Ana, CA 92705
blumholdings.com