Arena Investors, LP filed an involuntary petition for liquidation under Chapter 7 against Bloomios, Inc. in the US Bankruptcy Court for the Middle District of Florida on April 15, 2024. The total claim amount of the petitioning creditor is $2.90 million. The petitioning creditor is represented by Justin M Luna of Latham, Luna, Eden & Beaudine, LLP as its legal counsel.
Bloomios, Inc. manufactures, markets, and distributes hemp-derived supplements and cosmetic products through wholesale distribution channels in the United States, through its wholly owned subsidiary, Bloomios Private Label (BPL). BPL is engaged in the manufacturing, processing, sourcing and distribution of hemp-derived, nootropic and nutraceutical products to wholesalers and retailers. The Company manufactures hemp infused products ranging from human edibles, pet edibles, liquid consumables such as tinctures and shots, topicals, and smokable hemp. It provides support at each step from custom formulation, order fulfillment, and brand development. Its product categories include edibles, tinctures, oils, salves, capsules, balms, lotions, creams, beverages and pet treats. It offers its private-label and white-label customers a collections of customizable hemp products that includes over 80 products across seven categories in addition to custom formulation and manufacturing services.