Blum Holdings Inc. (OTCQB: BLMH), a California-based publicly traded holding company, has announced its financial results for the second quarter ended June 30, 2025. The company reported a revenue increase to $3.5 million in Q2 2025, up from $2.2 million in Q1 2025, attributed to contributions from a newly added Bay Area retail location. The net loss from continuing operations for Q2 2025 was $1.9 million, compared to $0.6 million in Q1 2025, marking an increase of $1.3 million. This increase was primarily driven by lower gross margins and consistent operating expenses during the integration of the new location. In contrast, the company had reported a net income of $7.3 million in Q2 2024, which included substantial one-time gains from the sale of Blüm Santa Ana. The adjusted EBITDA loss for Q2 2025 was $0.6 million, compared to $0.4 million in Q1 2025. However, for the first half of 2025, the adjusted EBITDA loss improved significantly by 85% to $1.0 million, compared to $7.0 million in the first half of 2024 due to reduced operating expenses. Blum Holdings has stated that it has completed its turnaround phase and is now focusing on a disciplined growth strategy, which includes expanding revenue, improving margins, controlling costs, and adding new locations without overextending capital. The company expects revenue and gross margins to improve in the coming quarters as new locations stabilize and purchasing consolidates. The company is also focusing on strengthening its cash position and reducing high-cost debt through short-term loans, convertible notes, and strategic investor participation, marking a shift from crisis management to sustainable growth planning. Additionally, efforts are underway to revitalize its high-potency brand and expand its presence under recognized retail banners to enhance margins and customer retention.