Blum Holdings, Inc. announced on May 21, 2025, the execution of a binding term sheet to acquire 100% of the membership interest in a holding company. This target company holds a non-controlling equity interest in Cookies Creative Consulting & Promotions, Inc., a prominent brand in the cannabis sector.
Under the terms of the transaction, Blüm Holdings will acquire the target through its newly formed wholly owned subsidiary, Blüm Acquisition Co. The consideration includes 489,131 shares of Blüm common stock and a common stock purchase warrant to acquire up to 30,762 shares at an exercise price of $0.64 per share, representing an implied value of $562,500.
CEO Sabas Carrillo stated that this acquisition is a meaningful step in Blüm’s long-term strategy to increase economic exposure to major cannabis brands through strategic relationships. The transaction is expected to close upon completion of definitive agreements and customary closing conditions, targeted for Q3 2025.
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