BLUM HOLDINGS, INC.

BLUM HOLDINGS, INC. (BLMH) files with the SEC as a consumer discretionary company. Its most recent balance sheet puts total assets at $45M, against $52M of liabilities and -$12M of equity, as at 2025-09-30. That balance sheet grew 14.4% against 2025-06-30, when total assets were $39M. Liabilities account for 116.1% of the balance sheet and equity -26.4%. The largest single line on the asset side is Goodwill at $30M, 67.4% of total assets, followed by Intangibles at $8M. By total assets it is the 512th largest of the 706 consumer discretionary companies covered here. Equity is negative, so the claims against this company exceed what it owns on the filed figures. That is a real shape, not an error, and it is drawn below the baseline rather than hidden. The figures come from a filing filed on 2025-11-14. Some line items this filer reports are not broken out separately here; the totals are complete and the difference is shown as a remainder rather than distributed across the lines that are named. This filing does not reconcile by 10.2%: liabilities plus equity differ from total assets, and it is flagged rather than adjusted. Every figure above is as filed. Nothing is estimated, smoothed or restated, and where the filing and the identity disagree the disagreement is shown rather than closed.