Blum Holdings, Inc. announced on July 3, 2025, that it has signed a binding agreement to acquire a majority of the membership interests in another licensed adult-use and medical cannabis dispensary in Northern California. This acquisition represents the latest strategic move to scale its retail platform across the state.
The transaction is structured as an all-stock deal, valuing the business at up to $5.0 million, which includes performance-based earn-outs tied to revenue and EBITDA benchmarks. This new dispensary will join Blüm’s expanding portfolio, which already includes three other Northern California stores and a recently acquired Bay Area location.
Under a Management Services Agreement (MSA), Blüm began integrating the new dispensary on July 1, 2025, assuming key centralized functions such as compliance, accounting, marketing, and finance. CEO Sabas Carrillo highlighted that this deal reflects the company's commitment to partnering with strong operators and providing infrastructure to unlock further growth.
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