Blüm Holdings to Acquire Northern California Cannabis Dispensary

LOS ANGELES- Blüm Holdings Inc, a California-based publicly traded holding company and cannabis operator, has signed a binding all‑stock agreement to acquire a majority stake in a licensed adult‑use and medical cannabis dispensary in Northern California. The deal is valued at up to USD 5.0 million, with additional performance‑based earn‑outs linked to revenue and EBITDA targets.

The acquisition expands Blüm’s retail presence to five dispensaries in Northern California, including three existing locations and a recently acquired Bay Area site. Under a Management Services Agreement, Blüm is set to begin integrating centralized functions—such as compliance, accounting, marketing, and finance—starting July 1, 2025.

Completion of the transaction is expected in Q3 2025, contingent on final agreements and regulatory approvals . CEO Sabas Carrillo emphasized that the partnership aligns with Blüm’s strategic focus on disciplined acquisitions and strengthening operational infrastructure. The performance‑based earn‑out structure is intended to incentivize sustained success and align interests with the acquired team.