Blüm Holdings signed a tentative deal with Operators Only to buy three cannabis dispensaries in Sacramento, including a flagship Cookies cannabis dispensary located in downtown Sacramento, a dispensary in North Sacramento, and another in South Sacramento.
“We are delighted to announce the successful execution of our Binding LOI with Operators Only,” said Sabas Carrillo, Chief Executive Officer of Blüm Holdings. “We expect the Proposed Acquisition to represent a significant step forward in our growth trajectory. Following a corporate reorganization, it is a privilege and point of pride for some of the best operators in the state to want to work with us."
If the proposed acquisition is completed, the addition of Operators Only's portfolio is expected to generate an estimated $14 million in additional revenue for Blüm Holdings. This substantial revenue increase reflects the robust potential of the Sacramento retail market and underscores the company’s confidence in its long-term growth prospects.
The acquisition is subject to the execution of definitive agreements.
