Gold prices near 3-week lows as stronger dollar, trade progress weigh
In recent activity disclosed through an SEC Form 4 filing, Sabas D. Carrillo, the Chief Executive Officer of Blum Holdings, Inc. (NASDAQ:BLMH), has acquired a total of $513 worth of the company’s common stock. The transactions, which took place on May 21 and May 30, 2025, involved the purchase of 692 shares at prices ranging from $0.67 to $0.84 per share. The micro-cap company, currently valued at $9.7 million, shows significant price volatility according to InvestingPro analysis, with the stock up 78% over the past six months despite recent market challenges.
Following these transactions, Carrillo’s direct ownership in Blum Holdings increased to 92,389 shares. Additionally, Carrillo maintains indirect holdings through Adnant, LLC, where he is the CEO and managing member. These holdings include 4,932,154 shares of common stock, 3,571,429 shares of Series V Preferred Stock, and warrants to purchase an additional 595,238 shares of common stock. With a "Fair" overall financial health score and trading below its Fair Value, the company presents an interesting case study. Unlock 12 additional InvestingPro Tips to better understand BLMH’s investment potential.
These acquisitions were made on the open market with the approval of the company’s board, as noted in the filing.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.