Blum Holdings, Inc. announced its financial results for the first quarter ended March 31, 2025, on May 14, 2025. The company reported achieving positive EBITDA and an improvement in Adjusted EBITDA compared to the prior year.
The financial results also highlighted reduced selling, general, and administrative (SG&A) expenditure, demonstrating prudent financial management. Management stated that Blüm has achieved breakeven operations on an EBITDA basis.
CEO Sabas Carrillo noted that following multi-year restructuring and resolution of legacy litigation, the business is now stabilized and strategically positioned to scale. The company remains focused on securing capital and evaluating strategic acquisition opportunities.
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