Sabas Carrillo, CEO of Blum Holdings, Inc. (OTC:BLMH), recently purchased shares of the company’s common stock. According to an SEC filing, Carrillo acquired a total of 19,370 shares over two days, with transactions occurring on November 26 and 27, 2024.
The purchases were made at prices ranging from $0.20 to $0.43 per share, amounting to a total investment of $5,899. Following these transactions, Carrillo directly owns 67,107 shares of Blum Holdings. InvestingPro analysis flags significant financial challenges, with the company operating under a heavy debt burden and experiencing cash flow concerns. Subscribers can access 14 additional ProTips for deeper insights into BLMH's financial health.
These transactions were conducted in the open market and were approved by the company's Board, as noted in the filing. In addition to his direct holdings, Carrillo holds shares indirectly through Adnant, LLC, where he serves as CEO and managing member. The stock currently trades at $0.31, within its 52-week range of $0.03 to $1.74, showing significant price volatility typical of micro-cap stocks.
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