# EDGAR Filing Document

**Accession Number:** 0002102232
**File Stem:** 0001437749-25-038462
**Filing Date:** 2025-12
**Character Count:** 5780
**Document Hash:** fa8878f7b1bca43816c33317490986fa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001437749-25-038462.hdr.sgml**: 20251219

**ACCESSION NUMBER**: 0001437749-25-038462

**CONFORMED SUBMISSION TYPE**: 3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251205

**FILED AS OF DATE**: 20251219

**DATE AS OF CHANGE**: 20251219

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** ROSENBERG DOUGLAS
- **CENTRAL INDEX KEY:** 0002102232

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 3
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56626
- **FILM NUMBER:** 251588992

**MAIL ADDRESS:**
- **STREET 1:** 11516 DOWNEY AVENUE
- **CITY:** DOWNEY
- **STATE:** CA
- **ZIP:** 90241
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BLUM HOLDINGS, INC.
- **CENTRAL INDEX KEY:** 0001996210
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-MISCELLANEOUS RETAIL [5900]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 933735199
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 3242 SOUTH HALLADAY STREET
- **STREET 2:** SUITE 202
- **CITY:** SANTA ANA
- **STATE:** CA
- **ZIP:** 92705
- **BUSINESS PHONE:** 3238410046

**MAIL ADDRESS:**
- **STREET 1:** 3242 SOUTH HALLADAY STREET
- **STREET 2:** SUITE 202
- **CITY:** SANTA ANA
- **STATE:** CA
- **ZIP:** 92705

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 3

### INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>ROSENBERG DOUGLAS<br><sub>(Last) (First) (Middle)</sub><br>11516 DOWNEY AVE<br><sub>(Street)</sub><br>DOWNEY, CA 90241<br><sub>(City) (State) (Zip)</sub> | **3. Issuer Name and Ticker or Trading Symbol**<br>BLUM HOLDINGS, INC. [ BLMH ] | **5. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  |
| **2. Date of Event Requiring Statement (Month/Day/Year)**<br>2025-12-05 | **4. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director   [X] 10% Owner<br>[ ] Officer (give title below)   [ ] Other (specify below)<br>_ _ | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities Beneficially Owned

---

|  |  |  |  |
| --- | --- | --- | --- |
| 1. Title of Security | 2. Amount of Securities Beneficially Owned | 3. Ownership Form | 4. Nature of Indirect Beneficial Ownership |

---

## Table II - Derivative Securities Beneficially Owned

---

|  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Underlying Securities | 3. Title and Amount of Underlying Securities | 4. Conversion or Exercise Price | 5. Ownership Form | 6. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 4. Conversion or Exercise Price | 5. Ownership Form | 6. Nature of Indirect Beneficial Ownership |
| Warrants to Purchase Common Stock | 2024-12-30 | 2027-12-30 | Common Stock | 117647<sup>(1)</sup> | $0.1700 | D |  |
| Warrants to Purchase Common Stock | 2024-12-30 | 2027-12-30 | Common Stock | 37736<sup>(1)</sup> | $0.5300 | D |  |
| Warrants to Purchase Common Stock | 2025-05-07 | 2028-05-07 | Common Stock | 75472<sup>(1)</sup> | $0.5300 | D |  |
| Warrants to Purchase Common Stock | 2025-05-08 | 2028-05-08 | Common Stock | 122642<sup>(1)</sup> | $0.5300 | D |  |
| Warrants to Purchase Common Stock | 2025-09-16 | 2028-09-17 | Common Stock | 571429<sup>(1)</sup> | $0.3500 | D |  |
| Warrants to Purchase Common Stock | 2025-09-17 | 2028-09-17 | Common Stock | 285714<sup>(1)</sup> | $0.3500 | D |  |
| Warrants to Purchase Common Stock | 2025-12-01 | 2028-12-08 | Common Stock | 228571<sup>(1)</sup> | $0.3500 | D |  |
| Warrants to Purchase Common Stock | 2025-12-02 | 2028-12-02 | Common Stock | 228571<sup>(1)</sup> | $0.3500 | D |  |
| Warrants to Purchase Common Stock | 2025-12-03 | 2028-12-03 | Common Stock | 571429<sup>(1)</sup> | $0.3500 | D |  |
| Warrants to Purchase Common Stock | 2025-12-04 | 2028-12-04 | Common Stock | 114286<sup>(1)</sup> | $0.3500 | D |  |
| Warrants to Purchase Common Stock | 2025-12-05 | 2028-12-05 | Common Stock | 571429<sup>(1)</sup> | $0.3500 | D |  |

---

### Footnotes:

(1) The warrants are exercisable at any time for the underlying registered common stock, at their applicable conversion prices. In the event that the underlying common shares are unregistered, the warrants may be exercised at any time at the election of the holder on a cashless basis. The warrants are exercisable until the expiration date upon which the warrants shall be automatically exercised on a cashless basis.

**Signature:** /s/ Douglas Rosenberg  
**Date:** 2025-12-19

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**