UNRVD / Blum Holdings, Inc. - SEC-arkiveringar, Årsredovisning, Fullmaktsutlåtande

FIRST HALF 2025 EXECUTIVE SUMMARY, DATED AUGUST 29, 2025

Exhibit 99.2

1

Exhibit 99.1 Blum Holdings Inc. Releases First Half 2025 Executive Summary DOWNEY, Calif., Aug. 29, 2025 (GLOBE NEWSWIRE) – Blum Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm,” “Blüm Holdings,” “we” or “us”), a California-based publicly traded holding company, is pleased to announce the release of its “First Half 2025 Executive Summary.” “The first half of 2025 marks the close of Blüm’s turna

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 29, 2025

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 29, 2025 BLUM HOLDINGS, INC.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 14, 2025

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 14, 2025 BLUM HOLDINGS, INC.

(in thousands)

Exhibit 99.1 Blum Holdings Inc. Reports Second Quarter 2025 Financial Results DOWNEY, Calif., Aug. 14, 2025 (GLOBE NEWSWIRE) - Blum Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm,” “Blüm Holdings,” “we” or “us”), a California-based publicly traded holding company, announced its financial results for the second quarter ended June 30, 2025. We believe that Blüm has completed its turnaround and i

List of Subsidiaries *

Exhibit 21.1 SUBSIDIARIES OF THE REGISTRANT Blum Holdings, Inc. is a holding company with the following subsidiaries, including variable interest entities that are consolidated by the Company: • Blum Management Holdings, Inc., a Delaware corporation • Safe Accessible Solutions, Inc., a California corporation • Coastal Pine Holdings, Inc., a Wyoming corporation • Westcoast Management Holdings, Inc.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commission File Number: 000-56626 BLUM HOLD

Blüm Holdings Signs Agreement to Acquire Northern California Retail Dispensary

Exhibit 99.1 Blüm Holdings Signs Agreement to Acquire Northern California Retail Dispensary DOWNEY, Calif., July 03, 2025 (GLOBE NEWSWIRE) – Blum Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm,” “Blüm Holdings,” “we” or “us”), a California-based publicly traded holding company and cannabis operator, announced today that it has signed a binding agreement to acquire majority of the membership in

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 1, 2025

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 1, 2025 BLUM HOLDINGS, INC.

Management Services Agreement, dated July 1, 2025.

Exhibit 10.2 Certain identified information has been excluded from the exhibit because it both (i) is not material and (ii) would be competitively harmful if publicly disclosed. Information that has been omitted from the exhibit are indicated with brackets. MANAGEMENT SERVICES AGREEMENT THIS MANAGEMENT SERVICES AGREEMENT (this “Agreement”) is made and entered into effective July 1, 2025 (the “Effe

Binding Term Sheet, dated July 1, 2025.

Exhibit 10.1 Certain identified information has been excluded from the exhibit because it both (i) is not material and (ii) would be competitively harmful if publicly disclosed. Information that has been omitted from the exhibit are indicated with brackets. BINDING TERM SHEET This Binding Term Sheet (“Term Sheet”), entered into on July 1, 2025 (the “Effective Date”), by and between Blüm Holdings,

Blüm Holdings Expands Platform Through the Contemplated Acquisition of Cookies Equity Holder

Exhibit 99.1 Blüm Holdings Expands Platform Through the Contemplated Acquisition of Cookies Equity Holder Strategic transaction will deepen Blüm's indirect stake in Cookies and will further align its platform with one of the most recognized cannabis brands in the U.S. DOWNEY, Calif., May 21, 2025 (GLOBE NEWSWIRE) – Blum Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm,” “Blüm Holdings,” “we” or

Management Service Agreement dated May 15, 2025.

Exhibit 10.1 Certain identified information has been excluded from the exhibit because it both (i) is not material and (ii) would be competitively harmful if publicly disclosed. Information that has been omitted from the exhibit are indicated with brackets. MANAGEMENT SERVICES AGREEMENT THIS MANAGEMENT SERVICES AGREEMENT (this “Agreement”) is made and entered into effective May 15, 2025 (the “Effe

Regulation FD Disclosure, Entry into a Material Definitive Agreement, Financial Statements and Exhibits, Completion of Acquisition or Disposition of Assets

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 15, 2025 BLUM HOLDINGS, INC.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 12, 2025

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 12, 2025 BLUM HOLDINGS, INC.

Binding Term Sheet dated May 12, 2025.

Exhibit 10.1 Certain identified information has been excluded from the exhibit because it both (i) is not material and (ii) would be competitively harmful if publicly disclosed. Information that has been omitted from the exhibit are indicated with brackets. BINDING TERM SHEET This Binding Term Sheet (“Term Sheet”), entered into on May 12, 2025 (the “Effective Date”), by and between Blüm Holdings,

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 15, 2025 BLUM HOLDINGS, INC.

Blum Holdings, Inc. Doubles Revenue Potential with Execution of Amended and Restated LOI, Accelerating Acquisition of Premier Northern California Dispensary

Exhibit 99.1 Blum Holdings, Inc. Doubles Revenue Potential with Execution of Amended and Restated LOI, Accelerating Acquisition of Premier Northern California Dispensary DOWNEY, Calif., May 15, 2025 (GLOBE NEWSWIRE) – Blum Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm,” “Blüm Holdings,” “we” or “us”), a California-based publicly traded holding company and cannabis operator, today announced th

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 8, 2025

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 8, 2025 BLUM HOLDINGS, INC.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commission File Number: 000-56626 BLUM HOL

(in thousands)

Exhibit 99.1 Blum Holdings Inc. Reports First Quarter 2025 Financial Results Revenue Growth of 26% Year-over-Year, EBITDA Turns Positive Amid Operating Improvements and Streamlined Cost Structure, Net Loss Reduced by Over 80% DOWNEY, Calif., May 14, 2025 (GLOBE NEWSWIRE) - Blum Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm,” “Blüm Holdings,” “we” or “us”), a California-based publicly traded h

Amended and Restated Binding Letter of Intent.

Exhibit 10.1 Certain identified information has been excluded from the exhibit because it both (i) is not material and (ii) would be competitively harmful if publicly disclosed. Information that has been omitted from the exhibit are indicated with brackets. FIRST AMENDED AND RESTATED BINDING LETTER OF INTENT This Binding Letter of Intent (the “LOI”) dated as of May 13, 2025 (the “Effective Date”),

Entry into a Material Definitive Agreement, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 2, 2025 BLUM HOLDINGS, INC.

Form of Unsecured Promissory Note, dated May 2, 2025.

Exhibit 10.1 THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER THE SECURITIES LAWS OF CERTAIN STATES. THIS SECURITY MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED EXCEPT AS PERMITTED UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT OR AN EXEMPTION THEREFROM. THE ISSUER O

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 14, 2025 BLUM HOLDINGS, INC.

Blum Holdings, Inc. Provides Update on Settlement with People

Exhibit 99.1 Blum Holdings, Inc. Provides Update on Settlement with People’s California, LLC DOWNEY, Calif., April 14, 2025 (GLOBE NEWSWIRE) - Blum Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm”, “Blüm Holdings,” “we” or “us”), a California-based publicly traded holding company and cannabis operator, today provided an update regarding its global settlement with People’s California, LLC and af

Insider Trading Policy*

Exhibit 19.1 UNRIVALED BRANDS, INC. INSIDER TRADING POLICY I. INTRODUCTION "Insider trading" refers generally to buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security. Insider trading violations may also include "tipping" such information, securities trading by the person

First Amended and Restated Secured Promissory Note between Westcoast Management Holdings, Inc. and [***], dated August 1, 2024.

Exhibit 10.35 Certain identified information has been excluded from the exhibit because it both (i) is not material and (ii) would be competitively harmful if publicly disclosed. Information that has been omitted from the exhibit is indicated with brackets. THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER THE SECURITIES LAWS OF CERTAIN STATES. TH

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 000-56626 BLUM HOLDINGS, INC. (Exact name of regist

First Amended and Restated Secured Promissory Note between Westcoast Management Holdings, Inc. and [***], dated August 1, 2024.

Exhibit 10.34 Certain identified information has been excluded from the exhibit because it both (i) is not material and (ii) would be competitively harmful if publicly disclosed. Information that has been omitted from the exhibit is indicated with brackets. THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER THE SECURITIES LAWS OF CERTAIN STATES. TH

(in thousands)

EXHIBIT 99.1 Blum Holdings Inc. Reports Remarkable 2024 Financial Results with $33.1 Million in Net Income DOWNEY, Calif., March 13, 2025 (GLOBE NEWSWIRE) - Blum Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm,” “Blüm Holdings,” “we” or “us”), a California-based publicly traded holding company and cannabis operator, announced its financial results for the year ended December 31, 2024, marking t

Secured Promissory Note between Westcoast Management Holdings, Inc. and [***], dated May 1, 2024.

Exhibit 10.33 Certain identified information has been excluded from the exhibit because it both (i) is not material and (ii) would be competitively harmful if publicly disclosed. Information that has been omitted from the exhibit is indicated with brackets. THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER THE SECURITIES LAWS OF CERTAIN STATES. TH

List of Subsidiaries*

EXHIBIT 21.1 SUBSIDIARIES OF THE REGISTRANT Blum Holdings, Inc. is a holding company with the following subsidiaries: • Blum Management Holdings, Inc., a Delaware corporation • Safe Accessible Solutions, Inc., a California corporation • Coastal Pine Holdings, Inc., a Wyoming corporation • Westcoast Management Holdings, Inc., a Wyoming corporation • Blum A2, Inc., a Delaware corporation

Regulation FD Disclosure, Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 13, 2025 BLUM HOLDINGS, INC.

Blum Holdings Inc. Releases 2024 Annual Report: Executive Summary

Exhibit 99.2 Blum Holdings Inc. Releases 2024 Annual Report: Executive Summary DOWNEY, Calif., March 13, 2025 (GLOBE NEWSWIRE) - Blum Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm,” “Blüm Holdings,” “we” or “us”), a California-based publicly traded holding company and cannabis operator, is proud to announce the release of its “2024 Annual Report: Executive Summary”. “The Executive Summary hig

Secured Promissory Note between Westcoast Management Holdings, Inc. and [***], dated May 1, 2024.

Exhibit 10.32 Certain identified information has been excluded from the exhibit because it both (i) is not material and (ii) would be competitively harmful if publicly disclosed. Information that has been omitted from the exhibit is indicated with brackets. THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER THE SECURITIES LAWS OF CERTAIN STATES. TH

2024 Annual Report: Executive Summary, dated March 13, 2025.

Exhibit 99.3

BLUM HOLDINGS, INC. UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET AS OF SEPTEMBER 30, 2024 (in thousands, except for shares)

Exhibit 99.1 BLUM HOLDINGS, INC. UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET AS OF SEPTEMBER 30, 2024 (in thousands, except for shares) Transaction Accounting Adjustments Blum Holdings, Inc. Less: Deconsolidated Entities (a) Note 2 Pro Forma Adjustments Pro Forma Consolidated ASSETS Current Assets: Cash and Cash Equivalents $ 1,025 $ (532 ) $ — $ 493 Inventory 1,345 (225 ) — 1,120 Pre

Financial Statements and Exhibits, Completion of Acquisition or Disposition of Assets

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K/A Amendment No.

Blum Holdings, Inc. Announces Final Global Settlement with People

Exhibit 99.1 Blum Holdings, Inc. Announces Final Global Settlement with People’s California, LLC DOWNEY, Calif., Feb. 24, 2025 (GLOBE NEWSWIRE) - Blum Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm”, “Blüm Holdings,” “we” or “us”), a California-based publicly traded holding company and cannabis operator, announced today that it has reached a global settlement with People’s California, LLC (“Pe

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 24, 2025 BLUM HOLDINGS, INC.

Senior Secured Promissory Note, dated January 31, 2025.

Exhibit 10.2 Certain identified information has been excluded from the exhibit because it both (i) is not material and (ii) would be competitively harmful if publicly disclosed. Information that has been omitted from the exhibit are indicated with brackets. Execution Version THE SECURITIES REFERENCED HEREIN HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND HAVE BEEN ACQUIR

Blüm Holdings Moves Forward with Binding LOI for Key Acquisition

Exhibit 99.1 Blüm Holdings Moves Forward with Binding LOI for Key Acquisition DOWNEY, Calif., Feb. 04, 2025 (GLOBE NEWSWIRE) - Blum Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm,” “Blüm Holdings,” “we” or “us”), a California-based publicly traded holding company and cannabis operator, today announced that it has entered into a Binding Letter of Intent (“LOI”) to acquire a premier Northern Cal

Binding Letter of Intent between the Company, Blüm Acquisition Co. and Target, dated January 31, 2025.

Exhibit 10.1 Certain identified information has been excluded from the exhibit because it both (i) is not material and (ii) would be competitively harmful if publicly disclosed. Information that has been omitted from the exhibit are indicated with brackets. BINDING LETTER OF INTENT This Binding Letter of Intent (the “LOI”) dated as of January 31, 2025 (the “Effective Date”), sets forth the terms o

Security Agreement, dated January 31, 2025.

Exhibit 10.3 Certain identified information has been excluded from the exhibit because it both (i) is not material and (ii) would be competitively harmful if publicly disclosed. Information that has been omitted from the exhibit are indicated with brackets. Execution Version SECURITY AGREEMENT THIS SECURITY AGREEMENT, dated as of January 31, 2025, is entered into between Blum Management Holdings,

Regulation FD Disclosure, Entry into a Material Definitive Agreement, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 31, 2025 BLUM HOLDINGS, INC.

üm Holdings, Inc. Announces Strategic Financing and Intended Acquisitions

Exhibit 99.1 Blüm Holdings, Inc. Announces Strategic Financing and Intended Acquisitions DOWNEY, Calif., Jan. 21, 2025 (GLOBE NEWSWIRE) - Blum Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm”, “Blüm Holdings,” “we” or “us”), a California-based cannabis operator, today announced the receipt of $900,000 in financing led by Mr. Douglas Rosenberg. This capital will support operational and acquisiti

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 21, 2025 BLUM HOLDINGS, INC.

Form of Unsecured Promissory Note, dated January 8, 2025.

Exhibit 10.1 THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER THE SECURITIES LAWS OF CERTAIN STATES. THIS SECURITY MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED EXCEPT AS PERMITTED UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT OR AN EXEMPTION THEREFROM. THE ISSUER O

Entry into a Material Definitive Agreement, Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 8, 2025 BLUM HOLDINGS, INC.

Entry into a Material Definitive Agreement, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 8, 2025 BLUM HOLDINGS, INC.

Binding Term Sheet between the Company and Mesh Ventures, LLC, dated January 8, 2025.

Exhibit 10.1 BINDING TERM SHEET This Binding Term Sheet (“Term Sheet”), entered into on January 8, 2025 (the “Effective Date”), by and between Blüm Holdings, Inc., a Delaware corporation (“Buyer” or “Blüm” or the “Company”) and Mesh Ventures, LLC, a California limited liability company (“Mesh”, the “Target” or “Business”) and sets forth the key terms and conditions of a proposed transaction to be

Entry into a Material Definitive Agreement, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 2, 2025 BLUM HOLDINGS, INC.

Binding Term Sheet between the Company and Mt. Tam Ventures II, LLC, dated January 2, 2025.

Exhibit 10.1 BINDING TERM SHEET This Binding Term Sheet (“Term Sheet”), entered into on January 2, 2025 (the “Effective Date”), by and between Blüm Holdings, Inc., a Delaware corporation (“Buyer” or “Blüm” or the “Company”) and Mt. Tam Ventures II, LLC, a Delaware limited liability company (“MTV II”, the “Target” or “Business”) and sets forth the key terms and conditions of a proposed transaction

Debt Conversion Agreement.

Exhibit 10.2 DEBT CONVERSION AGREEMENT This Debt Conversion Agreement (this “Agreement”) is dated as of December 30, 2024, by and between Adnant LLC, a California limited liability company (“Investor”) and Blum Holdings, Inc., a Delaware corporation (the “Company”), with reference to the following facts: WHEREAS, Investor has accrued an accounts payable balance of approximately $7,253,000 pursuant

Amended and Restated Unsecured Promissory Note, dated December 31, 2024.

Exhibit 10.1 THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER THE SECURITIES LAWS OF CERTAIN STATES. THIS SECURITY MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED EXCEPT AS PERMITTED UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT OR AN EXEMPTION THEREFROM. THE ISSUER O

Entry into a Material Definitive Agreement, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 31, 2024 BLUM HOLDINGS, INC.

Amended and Restated Engagement Letter between the Company and Adnant, dated January 1, 2025.

Exhibit 10.3 Certain identified information has been excluded from the exhibit because it both (i) is not material and (ii) would be competitively harmful if publicly disclosed. Information that has been omitted from the exhibit are indicated with brackets. January 1, 2025 Blüm Holdings Inc. Email: [***] [***] Re: Amended and Restated Engagement Letter Dear Blüm Holdings Inc.: Thank you for choosi

Amended and Restated Certificate of Designation of Series V Preferred Stock of Blum Holdings, Inc., a Delaware corporation, effective December 30, 2024.

Exhibit 3.1 AMENDED AND RESTATED CERTIFICATE OF DESIGNATION OF RIGHTS, PRIVILEGES, PREFERENCES, AND RESTRICTIONS OF SERIES V PREFERRED STOCK OF BLUM HOLDINGS, INC. Pursuant to Section 151 of the General Corporation Law of the State of Delaware The undersigned, Sabas Carrillo, hereby certifies that: 1. He is the Chief Executive Officer of Blum Holdings, Inc., a Delaware corporation (the “Corporatio

Material Modification to Rights of Security Holders, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 30, 2024 BLUM HOLDINGS, INC.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 2, 2024 BLUM HOLDINGS, INC.

Unsecured Promissory Note, dated November 12, 2024.

Exhibit 10.1 THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER THE SECURITIES LAWS OF CERTAIN STATES. THIS SECURITY MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED EXCEPT AS PERMITTED UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT OR AN EXEMPTION THEREFROM. THE ISSUER O

Entry into a Material Definitive Agreement, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 12, 2024 BLUM HOLDINGS, INC.

(in thousands)

EXHIBIT 99.1 Blüm Holdings, Inc. Reports Third Quarter 2024 Financial Results, Highlighting Key Milestone in Debt Reduction, Continued Growth and Financial Stability DOWNEY, California, Nov. 13, 2024 (GLOBE NEWSWIRE) - Blüm Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm”, “Blüm Holdings,” “we” or “us”), a California-based cannabis retailer and brand operator, announced its financial results fo

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 13, 2024 BLUM HOLDINGS, INC.

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 12, 2024 BLUM HOLDINGS, INC.

December 31,

Exhibit 99.1 Unrivaled Brands, Inc. Announces Chapter 11 Bankruptcy Following Latest Round of Lawsuits Filed by People’s California and “Activist Investor” Frank Kavanaugh DOWNEY, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) - Blum Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm Holdings,” “we” or “us”), a cannabis company with subsidiaries operating throughout California, announces the filing of a p

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commission File Number: 000-54258 BLUM

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 6, 2024

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 6, 2024 BLUM HOLDINGS, INC.

Entry into a Material Definitive Agreement, Financial Statements and Exhibits, Completion of Acquisition or Disposition of Assets

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 5, 2024 BLUM HOLDINGS, INC.

Stock Purchase Agreement.

Exhibit 10.1 STOCK PURCHASE AGREEMENT between UNRIVALED BRANDS, INC. and VLPS, LLC dated as of November 5, 2024 STOCK PURCHASE AGREEMENT THIS STOCK PURCHASE AGREEMENT (this “Agreement”), dated as of November 5, 2024, is entered into between UNRIVALED BRANDS, INC. (“Seller”) and VLPS, LLC (“Buyer”). Each of Seller and Buyer is referred to herein as a “Party” and together as the “Parties”. Capitaliz

BLUM HOLDINGS, INC. UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET AS OF JUNE 30, 2024 (in thousands, except for shares)

Exhibit 99.1 BLUM HOLDINGS, INC. UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET AS OF JUNE 30, 2024 (in thousands, except for shares) Transaction Accounting Adjustments Blum Holdings, Inc. Less: Disposition (a) Note 2 Pro Forma Adjustments Pro Forma Consolidated ASSETS Current Assets: Cash and Cash Equivalents $ 1,594 $ (245 ) $ — $ 1,349 Accounts Receivable, Net 351 (53 ) — 298 Inventor

Stock Purchase Agreement.

Exhibit 10.2 STOCK PURCHASE AGREEMENT between UNRIVALED BRANDS, INC. and VLPS, LLC dated as of November 5, 2024 STOCK PURCHASE AGREEMENT THIS STOCK PURCHASE AGREEMENT (this “Agreement”), dated as of November 5, 2024, is entered into between UNRIVALED BRANDS, INC. (“Seller”) and VLPS, LLC (“Buyer”). Each of Seller and Buyer is referred to herein as a “Party” and together as the “Parties”. Capitaliz

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 15, 2024

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 15, 2024 BLUM HOLDINGS, INC.

(in thousands)

EXHIBIT 99.1 Blüm Holdings Inc. Reports Second Quarter 2024 Financial Results, Showcasing Strategic Progress and Net Income of $23.4 Million SANTA ANA, Calif., Aug. 15, 2024 (GLOBE NEWSWIRE) - Blüm Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm Holdings,” “we” or “us”), a cannabis company with subsidiaries operating throughout California, announced its financial results for the second quarter

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commission File Number: 000-54258 BLUM HOLD

Financial Statements and Exhibits, Changes in Registrant's Certifying Accountant

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 19, 2024 BLUM HOLDINGS, INC.

Letter from Matsuura to the Securities and Exchange Commission dated July 24, 2024.

Exhibit 16.1 July 24, 2024 Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Dear Ladies and Gentlemen: We are the former independent registered public accounting firm for Blum Holdings, Inc. (the “Company”). We have read the Company’s disclosure set forth in Item 4.01 “Changes in Registrant’s Certifying Accountant” of the Company’s Current Report on Form 8-K dated July 24,

AUDITED COMBINED FINANCIAL STATEMENTS AS OF AND FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022

Exhibit 99.1 AUDITED COMBINED FINANCIAL STATEMENTS AS OF AND FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022 Coastal Pines Group Index to Combined Financial Statements Page(s) Independent Auditors Report 1-2 Combined Balance Sheets 3 Combined Statements of Operations 4 Combined Statements of Shareholders’ Deficit 5 Combined Statements of Cash Flows 6 Notes to Combined Financial Statements 7 - 19 In

BLUM HOLDINGS, INC. UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET AS OF DECEMBER 31, 2023 (in thousands, except for shares)

Exhibit 99.2 BLUM HOLDINGS, INC. UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET AS OF DECEMBER 31, 2023 (in thousands, except for shares) Blum Coastal Pines Pro Forma Pro Forma Holdings, Inc. Group Note 4 Adjustments Consolidated ASSETS Current Assets: Cash and Cash Equivalents $ 862 $ 1,312 $ — $ 2,174 Accounts Receivable, Net 1,004 — — 1,004 Inventory 1,700 425 — 2,125 Prepaid Expenses

Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K/A Amendment No.

Unrivaled Brands Wins Another Key Court Battle Against People

EXHIBIT 99.1 Unrivaled Brands Wins Another Key Court Battle Against People’s California, LLC SANTA ANA, Calif., July 12, 2024 (GLOBE NEWSWIRE) - Blum Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm Holdings,” “we” or “us”), a cannabis company with subsidiaries operating throughout California, announces two more legal victories by its wholly owned subsidiary, Unrivaled Brands, Inc. (“Unrivaled”)

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 12, 2024 BLUM HOLDINGS, INC.

Blüm Holdings, Inc. Completes Sale of Blüm Santa Ana, Estimated $44.5 Million in Debt Elimination and $34 Million Gain

EXHIBIT 99.1 Blüm Holdings, Inc. Completes Sale of Blüm Santa Ana, Estimated $44.5 Million in Debt Elimination and $34 Million Gain SANTA ANA, Calif., June 18, 2024 (GLOBE NEWSWIRE) - Blum Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm Holdings,” “we” or “us”), a cannabis company with subsidiaries operating throughout California, announces a significant milestone in its ongoing strategic finan

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 18, 2024 BLUM HOLDINGS, INC.

BLUM HOLDINGS, INC. UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET AS OF MARCH 31, 2024 (in thousands, except for shares)

Exhibit 99.1 BLUM HOLDINGS, INC. UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET AS OF MARCH 31, 2024 (in thousands, except for shares) Transaction Accounting Adjustments Blum Holdings, Inc. Less: People's (a) Note 4 Pro Forma Adjustments Pro Forma Consolidated ASSETS Current Assets: Cash and Cash Equivalents $ 1,175 $ (321 ) $ — $ 854 Inventory 1,663 (399 ) — 1,264 Prepaid Expenses & Oth

Transition Services Agreement.

Exhibit 10.2 [***] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) IS THE TYPE THAT BLUM HOLDINGS, INC. TREATS AS PRIVATE OR CONFIDENTIAL. TRANSITION SERVICES AGREEMENT between UNRIVALED BRANDS, INC. and HAVEN NECTAR LLC dated as of June 10, 2024 TRANSITION SERVICES AGREEMENT This Transition Services A

Entry into a Material Definitive Agreement, Financial Statements and Exhibits, Completion of Acquisition or Disposition of Assets

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 10, 2024 BLUM HOLDINGS, INC.

Membership Interest Purchase Agreement.

Exhibit 10.1 Execution Version PEOPLE’S FIRST CHOICE, LLC MEMBERSHIP INTEREST PURCHASE AGREEMENT Effective as of June 10, 2024 TABLE OF CONTENTS Page ARTICLE I DEFINITIONS AND TERMS 1 Section 1.01 Definitions 1 Section 1.02 Interpretation 6 ARTICLE II CLOSING 7 Section 2.01 Purchase of Interests 7 Section 2.02 Closing 8 Section 2.03 Uncertificated Interests 8 Section 2.04 Closing Deliverables 8 AR

Trademark License Agreement.

Exhibit 10.3 [***] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) IS THE TYPE THAT BLUM HOLDINGS, INC. TREATS AS PRIVATE OR CONFIDENTIAL. Trademark License Agreement This Trademark License Agreement ("Agreement"), dated as of June 10, 2024 (the "Effective Date"), is by and between Blum Management Hold

s California, LLC (

EXHIBIT 99.1 People’s California, LLC (“People’s California”) Subsidiary ‘Peoples Vape’ Evicted for Non-Payment of Rent at Blüm Santa Ana SANTA ANA, Calif., June 12, 2024 (GLOBE NEWSWIRE) - Blum Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm,” “we” or “us”), a cannabis company with subsidiaries operating throughout California, announces the successful outcome in the unlawful detainer action br

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 12, 2024 BLUM HOLDINGS, INC.

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 15, 2024 BLUM HOLDINGS, INC.

March 31, 2024

EXHIBIT 99.1 Blüm Holdings Inc. Reports First Quarter 2024 Financial Results SANTA ANA, Calif., May 15, 2024 (GLOBE NEWSWIRE) - Blum Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm,” “we” or “us”), a cannabis company which through its subsidiaries has operations throughout California, announced its financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights • The

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commission File Number: 000-54258 BLUM HOL

Entry into a Material Definitive Agreement, Financial Statements and Exhibits, Completion of Acquisition or Disposition of Assets

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 1, 2024 BLUM HOLDINGS, INC.

Advisory and Consulting Agreement.

EXHIBIT 10.1 April 26, 2024 Coastal Pine Holdings, Inc. 30 N. Gould St., Ste R Sheridan, WY 82801 Re: Advisory and Consulting Engagement Letter Dear [], Thank you for choosing Blum Management Holdings, Inc. (“Provider”) to provide executive level consulting and related Services for Coastal Pine Holdings, Inc. (“Coastal” together with certain of its affiliates, collectively, the “Company”, the “Cli

Blüm Holdings Inc. Acknowledges Impact to Cannabis Industry from DEA

EXHIBIT 99.1 Blüm Holdings Inc. Acknowledges Impact to Cannabis Industry from DEA’s Plan to Reschedule Marijuana SANTA ANA, Calif., May 06, 2024 (GLOBE NEWSWIRE) - Blum Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm,” “we” or “us”), a cannabis company which through its subsidiaries has operations throughout California, remains optimistic about the Drug Enforcement Administration’s (“DEA”) deci

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 6, 2024 BLUM HOLDINGS, INC.

Entry into a Material Definitive Agreement, Financial Statements and Exhibits, Completion of Acquisition or Disposition of Assets

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 1, 2024 BLUM HOLDINGS, INC.

Management Services Agreement, by and between BLMH Management Services, Inc. and Safe Accessible Solutions, Inc.

EXHIBIT 10.2 [***] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) IS THE TYPE THAT BLUM HOLDINGS, INC. TREATS AS PRIVATE OR CONFIDENTIAL. MANAGEMENT SERVICES AGREEMENT THIS MANAGEMENT SERVICES AGREEMENT (this “Agreement”) is made and entered into effective April 26, 2024 (the “Effective Date”) by and

Amended and Restated Letter of Intent.

EXHIBIT 10.1 [***] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) IS THE TYPE THAT BLUM HOLDINGS, INC. TREATS AS PRIVATE OR CONFIDENTIAL. AMENDED AND RESTATED BINDING LETTER OF INTENT This Amended and Restated Binding Letter of Intent (the “LOI”) dated as of April 26, 2024 (the “Effective Date”) amend

Letter from Marcum LLP to the Securities and Exchange Commission dated April 29, 2024.

Exhibit 16.1 April 29, 2024 Patty Chan Chief Financial Officer Blum Holdings, Inc. 3242 S. Halladay St. Santa Ana, CA 92705 Re: Blum Holdings, Inc. Dear Ms. Chan: This is to confirm that the client-auditor relationship between Blum Holdings, Inc. (Commission File Number 000-56626) and Marcum LLP has ceased effective April 23, 2024. We agree with the statements contained in the 8k filed on April 29

Financial Statements and Exhibits, Changes in Registrant's Certifying Accountant

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 29, 2024 BLUM HOLDINGS, INC.

2023 Annual Report: Executive Summary, dated April 18, 2024

Exhibit 99.2

Regulation FD Disclosure, Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 18, 2024 BLUM HOLDINGS, INC.

Blüm Holdings Releases 2023 Annual Report: Executive Summary

EXHIBIT 99.1 Blüm Holdings Releases 2023 Annual Report: Executive Summary Executive Summary Highlights 18 Months of Transformation SANTA ANA, Calif., April 18, 2024 (GLOBE NEWSWIRE) – Blüm Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm,” “we” or “us”), a cannabis company which through its subsidiaries has operations throughout California, is proud to announce the release of its “2023 Annual Re

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 16, 2024 BLUM HOLDINGS, INC.

Unrivaled Brands, Inc. Consolidated Balance Sheets (in thousands)

EXHIBIT 99.1 Blüm Holdings Inc. Reports Full Year 2023 and Fourth Quarter Financial Results SANTA ANA, Calif., April 16, 2024 (GLOBE NEWSWIRE) - Blum Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm,” “we” or “us”), a cannabis company with operations throughout California, today reported financial results for the full year and fourth quarter ended December 31, 2023. Full Year 2023 Highlights • R

List of Subsidiaries*

EXHIBIT 21.1 SUBSIDIARIES OF THE REGISTRANT Blum Holdings, Inc. is a holding company with the following subsidiaries: • Unrivaled Brands, Inc., a Nevada corporation (“Unrivaled”); • Black Oak Gallery, a California corporation (“Black Oak” or “Blüm Oakland”); • Blüm San Leandro, a California corporation (“Blüm San Leandro”) • 2705 PFC, LLC, a Nevada limited liability company; • 3242 Enterprises, In

Form of Amended and Restated Voting Agreement by and among the Company, holders of shares of Series V Preferred Stock, and Sabas Carrillo, including Exhibit 10.54.1.

Exhibit 10.40 AMENDED AND RESTATED VOTING AGREEMENT THIS AMENDED AND RESTATED VOTING AGREEMENT (this “Agreement”) is made and entered into as of January 12, 2024, by and among Blum Holdings, Inc., a Delaware corporation (the “Company”), each holder of shares of the Company’s Series V Preferred Stock, $0.001 par value per share (the “Preferred Stock”) listed on Schedule A (together with any subsequ

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 000-56626 BLUM HOLDINGS, INC. (Exact name of regist

Indemnification Agreement (James Miller), dated January 12, 2024.†

Exhibit 10.45 INDEMNITY AGREEMENT This Indemnity Agreement (this “Agreement”), effective as of January 12, 2024, is made by and between Blum Holdings, Inc., a Delaware corporation with executive offices located at 3242 S. Halladay St., Suite 202, Santa Ana, California 92705 (the “Company”), and James Miller, COO and Director of the Company residing at [***] (the “Indemnitee”). RECITALS A. The Comp

Indemnification Agreement (Patty Chan), dated January 12, 2024.†

Exhibit 10.44 INDEMNITY AGREEMENT This Indemnity Agreement (this “Agreement”), effective as of January 12, 2024, is made by and between Blum Holdings, Inc., a Delaware corporation with executive offices located at 3242 S. Halladay St., Suite 202, Santa Ana, California 92705 (the “Company”), and Patty Chan, CFO of the Company residing at 3242 S. Halladay, Santa Ana, CA 92705 (the “Indemnitee”). REC

Indemnification Agreement (Sabas Carrillo), dated January 12, 2024.†

Exhibit 10.43 INDEMNITY AGREEMENT This Indemnity Agreement (this “Agreement”), effective as of January 12, 2024, is made by and between Blum Holdings, Inc., a Delaware corporation with executive offices located at 3242 S. Halladay St., Suite 202, Santa Ana, California 92705 (the “Company”), and Sabas Carrillo, Director and CEO of the Company residing at 3242 S. Halladay, Santa Ana, CA 92705 (the “

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 12, 2024

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 12, 2024 BLUM HOLDINGS, INC.

Indemnification Agreement (Matthew Barron), dated January 12, 2024.†

Exhibit 10.46 INDEMNITY AGREEMENT This Indemnity Agreement (this “Agreement”), effective as of January 12, 2024, is made by and between Blum Holdings, Inc., a Delaware corporation with executive offices located at 3242 S. Halladay St., Suite 202, Santa Ana, California 92705 (the “Company”), and Matthew T Barron, Director of the Company residing at 11516 Downey Ave., Downey, CA 90241 (the “Indemnit

Description of Capital Stock.

Exhibit 4.1 DESCRIPTION OF CAPITAL STOCK The Company is incorporated in the State of Delaware. The rights of stockholders will generally be governed by Delaware law and the Amended and Restated Certificate of Incorporation, the Certificates of Designation and the Amended and Restated Bylaws. The following is a summary of the material provisions of the Amended and Restated Certificate of Incorporat

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 12b-25 NOTIFICATION OF LATE FILING

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 12b-25 NOTIFICATION OF LATE FILING (Check One): ☒ Form 10-K ☐ Form 20-F ☐ Form 11-K ☐ Form 10-Q ☐ Form 10-D ☐ Form N-SAR ☐ Form N-CSR For Period Ended: December 31, 2023 ☐ Transition Report on Form 10-K ☐ Transition Report on Form 20-F ☐ Transition Report on Form 11-K ☐ Transition Report on Form 10-Q ☐ Transition Report o

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 6, 2024 BLUM HOLDINGS, INC.

Blüm Subsidiary Unrivaled Files Suit Against Bernard Steimann, Dan Troup, and Troup Construction for Theft

EXHIBIT 99.1 Blüm Subsidiary Unrivaled Files Suit Against Bernard Steimann, Dan Troup, and Troup Construction for Theft SANTA ANA, Calif., March 6, 2024 (GLOBE NEWSWIRE) – Blüm Holdings, Inc. (OTCQB: BLMH) (“Company,” “we” or “us”), a cannabis company with operations throughout California, announced today that its subsidiary, Unrivaled Brands, Inc. (“Unrivaled”), filed a civil complaint against Be

s First Choice, LLC (

EXHIBIT 99.1 People’s First Choice, LLC (“Blüm Santa Ana”) Granted Temporary Restraining Order Against New Patriot Holdings, Inc. SANTA ANA, Calif., March 01, 2024 (GLOBE NEWSWIRE) - Blum Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm,” “we” or “us”), a cannabis company with operations throughout California, announced today the grant of a Temporary Restraining Order against New Patriot Holding

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 1, 2024 BLUM HOLDINGS, INC.

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 12, 2024 BLUM HOLDINGS, INC.

Blüm Holdings Executes Binding LOI to Acquire $14 Million Portfolio of Retail Assets Including Iconic Cookies Cannabis Dispensary

EXHIBIT 99.2 Blüm Holdings Executes Binding LOI to Acquire $14 Million Portfolio of Retail Assets Including Iconic Cookies Cannabis Dispensary SANTA ANA, Calif., Feb. 13, 2024 (GLOBE NEWSWIRE) - Blüm Holdings, Inc. (OTCQB: BLMH) (“Company,” “Blüm Holdings,” “we” or “us”), a cannabis company with operations throughout California, is pleased to announce the execution of a Binding Letter of Intent (“

Blüm Holdings Announces Highlights of Proposed Acquisition, Unveils New Brand: Turkey Bag Heroes

EXHIBIT 99.3 Blüm Holdings Announces Highlights of Proposed Acquisition, Unveils New Brand: Turkey Bag Heroes SANTA ANA, Calif., Feb. 14, 2024 (GLOBE NEWSWIRE) – Blum Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm Holdings,” “we” or “us”), is pleased to share certain highlights of recently announced proposed acquisition and rollup transaction of three Sacramento retail dispensaries (the “Propo

Blüm Holdings Begins Trading as "BLMH"

EXHIBIT 99.1 Blüm Holdings Begins Trading as "BLMH" SANTA ANA, Calif., Feb. 12, 2024 (GLOBE NEWSWIRE) - Blum Holdings, Inc. (OTCQB: UNRVD) (“Company,” “Blüm Holdings”, “we” or “us”), a cannabis company with operations throughout California, is pleased to announce that as part of a successful strategic reorganization, it will begin trading as “BLMH” on the OTCQB and no longer trade as “UNRVD”. The

Entry into a Material Definitive Agreement, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 12, 2024 BLUM HOLDINGS, INC.

Operators Only LOI.

EXHIBIT 10.1 Certain identified information has been excluded from the exhibit because it both (i) is not material and (ii) would be competitively harmful if publicly disclosed. Information that has been omitted from the exhibit are indicated with brackets. BINDING LETTER OF INTENT This Binding Letter of Intent (the “LOI”), dated as of February 9, 2024 (the “Effective Date”), sets forth the terms

Blüm Holdings Reports Encouraging Preliminary 2023 Revenues Amidst Comprehensive Corporate Overhaul and Market Challenges

EXHIBIT 99.1 Blüm Holdings Reports Encouraging Preliminary 2023 Revenues Amidst Comprehensive Corporate Overhaul and Market Challenges SANTA ANA, Calif., Feb. 6, 2024 (GLOBE NEWSWIRE) – Blum Holdings, Inc. (OTCQB: UNRVD) (“Company,” “Blüm Holdings”, “we” or “us”), a cannabis company with operations throughout California, announces preliminary and unaudited financial results for its fiscal year and

Regulation FD Disclosure, Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 6, 2024 BLUM HOLDINGS, INC.

Blüm Holdings Refocuses on Cannabis Retail and Brand Leadership with Strategic Sale of Cultivation Assets

EXHIBIT 99.1 Blüm Holdings Refocuses on Cannabis Retail and Brand Leadership with Strategic Sale of Cultivation Assets SANTA ANA, Calif., Feb. 5, 2024 (GLOBE NEWSWIRE) – Blum Holdings, Inc. (OTCQB: UNRVD) (“Company,” “Blüm Holdings”, “we” or “us”), a cannabis company with operations throughout California, announces its wholly-owned subsidiary Unrivaled Brands’ divestment of its final California cu

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 5, 2024 BLUM HOLDINGS, INC.

As filed with the Securities and Exchange Commission on January 16, 2024

As filed with the Securities and Exchange Commission on January 16, 2024 Registration No.

Certificate of Designation of Series V Preferred Stock of Blum Holdings, Inc., a Delaware corporation, effective January 11, 2024.

EXHIBIT 3.2 CERTIFICATE OF DESIGNATION OF RIGHTS, PRIVILEGES, PREFERENCES, AND RESTRICTIONS OF SERIES V PREFERRED STOCK OF BLUM HOLDINGS, INC. Pursuant to Section 151 of the General Corporation Law of the State of Delaware The undersigned, Sabas Carrillo, hereby certifies that: 1. He is the Chief Executive Officer of Blum Holdings, Inc., a Delaware corporation (the “Corporation”). 2. The Corporati

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K12G3 CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 11, 2024

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K12G3 CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 11, 2024 BLUM HOLDINGS, INC.

Certificate of Designation of Series N Preferred Stock of Blum Holdings, Inc., a Delaware corporation, effective January 11, 2024.

EXHIBIT 3.3 CERTIFICATE OF DESIGNATION OF RIGHTS, PRIVILEGES, PREFERENCES, AND RESTRICTIONS OF SERIES N PREFERRED STOCK OF BLUM HOLDINGS, INC. Pursuant to Section 151 of the General Corporation Law of the State of Delaware The undersigned, Sabas Carrillo, hereby certifies that: 1. He is the Chief Executive Officer of Blum Holdings, Inc., a Delaware corporation (the “Corporation”). 2. The Corporati

As filed with the Securities and Exchange Commission on January 16, 2024

As filed with the Securities and Exchange Commission on January 16, 2024 Registration No.

As filed with the Securities and Exchange Commission on January 16, 2024

As filed with the Securities and Exchange Commission on January 16, 2024 Registration No.

Press release dated January 16, 2024

EXHIBIT 99.1 Unrivaled Brands Announces Successful Completion of Reorganization and Reverse Stock Split SANTA ANA, Calif., Jan. 16, 2023 (GLOBE NEWSWIRE) – Unrivaled Brands, Inc. (OTCQB: UNRV) (“UNRV,” “Unrivaled Brands,” “Company,” “we” or “us”), a cannabis company with operations throughout California, is pleased to announce the successful completion of its strategic reorganization and reverse s

Press release dated January 16, 2024

EXHIBIT 99.2 Blum Holdings, Announces Future Trading as BLMH; Currently Trades as UNRVD Following Reorganization and Reverse Stock Split SANTA ANA, Calif., Jan. 16, 2023 (GLOBE NEWSWIRE) – Blum Holdings, Inc. (OTCQB: UNRVD) (“Company,” “we” or “us”), a cannabis company with operations throughout California, following the announcement of its strategic reorganization and reverse stock split also ann

Amended and Restated Bylaws of Blum Holdings, Inc., a Delaware corporation, dated January 11, 2024.

EXHIBIT 3.4 AMENDED AND RESTATED BYLAWS OF BLUM HOLDINGS, INC. (Adopted January 11, 2024) ARTICLE I – OFFICES Section 1. The registered office of Blum Holdings, Inc. (the “Corporation”) in the State of Delaware is 13 W Main St PO Box 953, Felton, DE 19943. The name of its registered agent at such address is Telos Legal Corp. Section 2. The Corporation may have such offices within or without the St

As filed with the Securities and Exchange Commission on January 16, 2024

As filed with the Securities and Exchange Commission on January 16, 2024 Registration No.

Amended and Restated Certificate of Incorporation of Blum Holdings, Inc., a Delaware corporation, effective January 11, 2024.

EXHIBIT 3.1 AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF BLUM HOLDINGS, INC. Blum Holdings, Inc. (the “Corporation”), a corporation organized and existing under the General Corporation Law of the State of Delaware (the “DGCL”), does hereby certify as follows: 1. The name of the Corporation is Blum Holdings, Inc. The Corporation was incorporated under the name Blum Holdings, Inc. by the fil

Blum Holdings, Inc.

Filed pursuant to Rule 424(b)(3) Registration No. 333-274921 Prospectus Supplement No. 2 (To the Prospectus dated October 23, 2023) Blum Holdings, Inc. This Prospectus Supplement No. 2 (this “Prospectus Supplement”) supplements certain information contained in the Proxy Statement/Prospectus, dated October 23, 2023 (as it may be further supplemented and amended from time to time, the “Prospectus”),

Blum Holdings, Inc.

Filed pursuant to Rule 424(b)(3) Registration No. 333-274921 Prospectus Supplement No. 1 (To the Prospectus dated October 23, 2023) Blum Holdings, Inc. This Prospectus Supplement No. 1 (this “Prospectus Supplement”) supplements certain information contained in the Proxy Statement/Prospectus, dated October 23, 2023 (as it may be further supplemented and amended from time to time, the “Prospectus”),

PROXY STATEMENT/PROSPECTUS A REORGANIZATION IS PROPOSED-YOUR VOTE IS VERY IMPORTANT

Filed Pursuant to Rule 424(b)(3) File No. 333-274921 PROXY STATEMENT/PROSPECTUS A REORGANIZATION IS PROPOSED-YOUR VOTE IS VERY IMPORTANT October 23, 2023 To Our Stockholders: We cordially invite you to attend the Annual Meeting of the Stockholders of Unrivaled Brands, Inc. (“we,” “us,” “our” or the “Company”) to be held on December 5, 2023 at 9:30 a.m., Pacific Time (the “Annual Meeting”). The Ann

As filed with the Securities and Exchange Commission on October 20, 2023

As filed with the Securities and Exchange Commission on October 20, 2023 Registration No.

Filing Fee Table

EXHIBIT 107 Calculation of Filing Fee Tables Form S-4 (Form Type) Blum Holdings, Inc.

Filing Fee Table

EXHIBIT 107 Calculation of Filing Fee Tables Form S-4 (Form Type) Blum Holdings, Inc.

As filed with the Securities and Exchange Commission on October 20, 2023

As filed with the Securities and Exchange Commission on October 20, 2023 Registration No.

October 20, 2023

3242 S. Halladay Street, Suite 202 Santa Ana, California 92705 888.909.5564 October 20, 2023 VIA EDGAR U.S. Securities and Exchange Commission Division of Corporation Finance 100 F Street, N.E. Washington, DC 20549 Re: Blum Holdings, Inc. Registration Statement on Form S-4, as amended (File No. 333-274921) Acceleration Request Ladies and Gentlemen: Blum Holdings, Inc. hereby requests that the effe

Unrivaled Brands Files S-4; Announces Corporate Reorganization to become Blüm

Filed by Blum Holdings, Inc. pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 Subject Company: Unrivaled Brands, Inc. Exchange Act File No.: 000-54258 Unrivaled Brands Files S-4; Announces Corporate Reorganization to become Blüm SANTA ANA, Calif., Oct. 10, 2023 (GLOBE NEWSWIRE) - Unrivaled Brands, Inc. (OTCQB:

Form of Proxy Card

EXHIBIT 99.1 UNRIVALED BRANDS, INC. THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS ANNUAL MEETING OF STOCKHOLDERS DECEMBER 5, 2023 AT 9:30 AM PDT The undersigned hereby revokes all appointments of proxies previously given and appoints Sabas Carrillo and Robert Baca (the “Proxies”), and either of them with full power of substitution and revocation, as the undersigned’s attorneys and pr

List of Subsidiaries of Blum Holdings, Inc.

EXHIBIT 21.1 SUBSIDIARIES OF THE REGISTRANT Blum Merger Sub, Inc., a Nevada corporation

As filed with the Securities and Exchange Commission on October 10, 2023

As filed with the Securities and Exchange Commission on October 10, 2023 Registration No.

Filing Fee Table

EXHIBIT 107 Calculation of Filing Fee Tables Form S-4 (Form Type) Blum Holdings, Inc.