Blum Holdings Secures $800,000 in Convertible Notes With 8% Interest and Warrants
Blum Holdings Inc. has entered into new unsecured promissory note agreements with an accredited investor, who is a related party, totaling $500,000 in principal. The company executed three notes: a $200,000 note on December 1, 2025, a $200,000 note on December 2, 2025, and a $100,000 note on December 4, 2025. Each note bears interest at 8% per annum, payable monthly in arrears beginning March 31, 2026, and may be prepaid at any time without penalty. The notes are convertible at the lender's election into convertible promissory notes with an automatic conversion into shares of Blüm's capital stock at a price equal to 85% of a $20.9 million pre-money valuation. Additionally, the lender receives warrants to purchase common stock at $0.35 per share. These agreements formalize advance payments previously disclosed in the company's recent quarterly filings.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Blum Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-25-037019), on December 05, 2025, and is solely responsible for the information contained therein.
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