Blum Holdings Inc. has entered into two new financing agreements with investors through the issuance of unsecured promissory notes. The first note, dated September 16, 2025, involves a principal amount of $500,000 with a maturity date set for September 16, 2027. This note bears an interest rate of 8.0% per annum, payable monthly starting January 15, 2026, and includes an option for conversion into shares at a pre-determined rate. Additionally, the lender is granted warrants to purchase up to 571,429 shares of Blum's common stock at $0.35 per share. The following day, on September 17, 2025, Blum Holdings executed a second unsecured promissory note for $250,000 under similar terms, with the lender obtaining warrants to purchase up to 285,714 shares. Both notes are convertible into shares based on an 85% conversion price of a $20,900,000 pre-money valuation. These agreements reflect Blum's strategic financial maneuvers to bolster its capital structure.