Blüm Holdings Inc. (OTCQB: BLMH) is a California-based cannabis company engaged in retail and distribution operations throughout the state. The company operates through two segments: Cannabis Retail and Cannabis Distribution: StockAnalysis

Operations

Blüm Holdings operates several dispensaries across California, including a flagship store under the Cookies brand in Sacramento. The company also manages direct-to-consumer delivery services.

In addition to retail operations, Blüm Holdings owns several company-owned brands, most notably Korova, known for its high-potency products across multiple product categories: Blüm Holdings Inc.

Strategic Focus

In 2024, Blüm Holdings divested its final California cultivation facility to concentrate on retail operations and brand development. This strategic shift aligns with the company’s focus on sustained growth, cash generation, and profitability: GlobeNewswire

As part of its expansion strategy, Blüm Holdings executed a binding letter of intent in February 2024 to acquire a 14 million portfolio of retail assets, including the iconic Cookies cannabis dispensary in Sacramento. This acquisition is expected to significantly enhance the company’s presence in Northern California’s retail landscape.

Financial Performance

According to the company’s 10-K report for the fiscal year ending December 31, 2024, Blüm Holdings reported a revenue of 12.99 million, marking a 67.5% increase from the previous year. The company’s net income stood at 33.10 million, a substantial improvement from a net loss of $14.13 million in the prior year.

Future Outlook

Blüm Holdings aims to continue expanding its retail footprint and enhancing its brand portfolio. The company is committed to optimizing gross margins, enhancing customer loyalty, and expanding its market presence while navigating the competitive cannabis industry landscape: TradingView