Blum Holdings, Inc. Announces Final Global Settlement with People’s California, LLC
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 24 2025
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Should l Buy ?
Source: Globenewswire
Settlement Announcement: Blum Holdings, Inc. has reached a global settlement with People’s California, LLC, resolving over two and a half years of litigation related to multiple lawsuits, including a $23 million breach of contract case.
Future Outlook: The settlement includes mutual releases between the parties and is subject to documentation and approval by the presiding bankruptcy judge, with Blum Holdings' CEO expressing optimism for the company's future.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
