Blum Holdings, Inc. announced its financial results for the year ended December 31, 2024, on March 13, 2025, reporting a net income of $33.1 million. This marks the completion of a significant financial and operational transformation for the company.
The company also achieved a substantial reduction in debt, decreasing it by $10.5 million during fiscal year 2024. These improvements were driven by strategic divestitures and the deconsolidation of Unrivaled Brands and Halladay Holding.
Management highlighted that these extraordinary results were achieved with only $1.97 million in new capital raised during the period, underscoring execution strength and financial discipline. The company has transitioned from a defensive restructuring phase to a strategy focused on measured expansion and financial sustainability.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.