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In recent transactions reported by Blum Holdings, Inc. (NASDAQ:BLMH), CEO Sabas Carrillo has acquired additional shares of the company’s common stock. According to the SEC filing, Carrillo purchased a total of 900 shares over three separate transactions. The purchases come as the stock has shown significant momentum, gaining 127% over the past six months, despite its current market capitalization of just $9.49 million.
The acquisitions took place on May 23, May 28, and May 29, with share prices ranging from $0.70 to $0.76. The total value of these purchases amounts to $650. Following these transactions, Carrillo now holds 91,697 shares directly. According to InvestingPro, BLMH exhibits high price volatility with a beta of 2.98, while maintaining a FAIR overall Financial Health score.
Additionally, Carrillo indirectly holds over 4.9 million shares of common stock and 3.57 million shares of Series V Preferred Stock through Adnant, LLC, where he is the CEO and managing member. The Series V Preferred Stock is convertible into common stock, offering potential for future equity adjustments. For deeper insights into BLMH’s valuation and 11 additional ProTips, visit InvestingPro.
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