Blum Holdings, Inc. Announces Final Global Settlement with People's California, LLC
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Blum Holdings, Inc. (OTCQB: BLMH) has announced a global settlement with People's California, LLC, ending over two and a half years of litigation. This settlement involves Blum Holdings and its subsidiaries, Unrivaled Brands, Inc. and Halladay Holding, LLC, which are currently in Chapter 11 bankruptcy proceedings.
February 24, 2025 | 1:45 pm
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Blum Holdings, Inc. has reached a settlement with People's California, LLC, resolving a lengthy legal dispute. This development may impact the company's financial stability and operations, as its subsidiaries are in Chapter 11 bankruptcy.
The settlement resolves a significant legal issue that has been ongoing for over two years, potentially stabilizing Blum Holdings' financial situation. The involvement of subsidiaries in Chapter 11 suggests financial distress, but the settlement could be a positive step towards recovery.
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