Blüm Holdings Inc. Annual report pursuant to Section 13 and 15(d)

SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2017

	For the Year Ended December 31, 2017
	Herbs and Produce Products			Cannabis Dispensary, Cultivation and Production			Eliminations and Other			Total

Total Revenues	$	5,701,233		$	30,031,046		$	68,565		$	35,800,844
Cost of Goods Sold		5,211,658			25,112,113			-			30,323,771

Gross Profit		489,575			4,918,933			68,565			5,477,073

Selling, General and Administrative Expenses		3,123,037			10,843,210			11,390,844			25,357,091

Loss from Operations		(2,633,462	)		(5,924,277	)		(11,322,279	)		(19,880,018	)

Other Income (Expense):
Amortization of Debt Discount		-			-			(2,138,762	)		(2,138,762	)
Impairment of Property		-			-			(138,037	)		(138,037	)
Impairment of Intangibles		(757,467	)		-			-			(757,467	)
(Loss) Gain on Extinguishment of Debt		(18	)		187			(7,144,457	)		(7,144,288	)
Loss on Fair Market Valuation of Derivatives		-			-			(3,494,550	)		(3,494,550	)
Interest (Expense) Income		-			110			(542,774	)		(542,664	)
Gain on Settlement of Contingent Consideration		-			4,991,571			-			4,991,571
Loss on Fair Market Valuation of Contingent Consideration		-			(4,426,047	)		-			(4,426,047	)

Total Other Income (Expense)		(757,485	)		565,821			(13,458,580	)		(13,650,244	)

Loss Before Provision for Income Taxes	$	(3,390,947	)	$	(5,358,456	)	$	(24,780,859	)	$	(33,530,262	)

Total Assets at December 31, 2017	$	5,847,286		$	69,844,546		$	22,495,967		$	98,187,799

	For the Year Ended December 31, 2016
	Herbs and Produce Products			Cannabis Dispensary, Cultivation and Production			Eliminations and Other			Total

Total Revenues	$	12,000,423		$	13,207,327		$	120,013		$	25,327,763
Cost of Goods Sold		11,021,449			11,664,737			68,894			22,755,080

Gross Profit		978,974			1,542,590			51,119			2,572,683

Selling, General and Administrative Expenses		2,520,061			5,729,884			12,470,589			20,720,534
							.
Loss from Operations		(1,541,087	)		(4,187,294	)		(12,419,470	)		(18,147,851	)

Other Income (Expense):
Amortization of Debt Discount		-			-			(1,414,202	)		(1,414,202	)
Loss on Extinguishment of Debt		-			-			(5,382,813	)		(5,382,813	)
Loss from Derivatives Issued with Debt Greater than Debt Carrying Value		-			-			(1,487,500	)		(1,487,500	)
Loss on Fair Market Valuation of Derivatives		-			-			(1,844,500	)		(1,844,500	)
Interest Expense		-			-			(377,349	)		(377,349	)
Gain on Fair Market Valuation of Contingent Consideration		-			-			668,694			668,694

Total Other Income (Expense)		-			-			(9,837,670	)		(9,837,670	)

Loss Before Provision for Income Taxes	$	(1,541,087	)	$	(4,187,294	)	$	(22,257,140	)	$	(27,985,521	)

Total Assets at December 31, 2016	$	7,064,697		$	12,516,441		$	56,597,592		$	76,178,730

	For the Year Ended December 31, 2015
	Herbs and Produce Products			Cannabis Dispensary, Cultivation and Production			Eliminations and Other			Total

Total Revenues	$	8,633,538		$	1,207,424		$	134,384		$	9,975,346
Cost of Goods Sold		7,771,039			1,078,852			108,584			8,958,475

Gross Profit		862,499			128,572			25,800			1,016,871

Selling, General and Administrative Expenses		1,910,375			763,728			7,159,543			9,833,646
							.
Loss from Operations		(1,047,876	)		(635,156	)		(7,133,743	)		(8,816,775	)

Other Income (Expense):
Amortization of Debt Discount		-			-			(696,180	)		(696,180	)
Loss on Extinguishment of Debt		-			-			(619,444	)		(619,444	)
Loss from Derivatives Issued with Debt Greater than Debt Carrying Value		-			-			(561,000	)		(561,000	)
Gain on Fair Market Valuation of Derivatives		-			-			1,800,100			1,800,100
Interest Expense		-			-			(469,576	)		(469,576	)

Total Other Income (Expense)		-			-			(546,100	)		(546,100	)

Loss Before Provision for Income Taxes	$	(1,047,876	)	$	(635,156	)	$	(7,679,843	)	$	(9,362,875	)

Total Assets at December 31, 2015	$	5,383,659		$	1,671,966		$	2,109,414		$	9,165,039