Blum Holdings, Inc. announced on February 4, 2025, that it has entered into a Binding Letter of Intent (LOI) to acquire a premier Northern California dispensary. This development follows a previously disclosed Non-Binding Letter of Intent.
The execution of a binding LOI represents a concrete step in Blüm Holdings' strategy to expand its retail footprint. This acquisition is expected to strengthen the company's presence in the California cannabis market.
This move aligns with the company's stated goal of consolidating its operations and focusing on strategic growth opportunities. The acquisition is subject to definitive agreements and regulatory approvals.
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