Blüm Cannabis Co. Reports 111% Increase In Q2 Revenue Following ‘Transformative’ Sale Of Santa Ana Dispensary
California cannabis company Blüm Holdings, Inc. (OTCQB:BLMH) announced its second-quarter financial results on Thursday for the three months ended June 30, 2024.
Patty Chan, the company’s CFO called Blüm’s financial results and sale of Blüm Santa Ana “financial milestones” and “the culmination of the transformative journey we began in August 2022.”
The company’s subsidiary Unrivaled Brands sold its controlling membership interest in People’s First Choice LLC (PFC) to Haven Nectar LLC in June 2024. PFC owns and operates a cannabis retail dispensary campus in Santa Ana, California named Blüm Santa Ana.
The sale provided …