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

Note 19 - Segment Information (Tables)

12 Months Ended

Dec. 31, 2023

	(in thousands)
	*Year Ended December 31, 2023*												*Year Ended December 31, 2022*
	*Cannabis Retail*			*Cannabis Distribution*			*Corporate and Other*			*Total*			*Cannabis Retail*			*Cannabis Distribution*			*Corporate and Other*			*Total*
Total Revenues	$	33,041		$	188		$	—		$	33,229		$	39,937		$	12,078		$	—		$	52,015
Cost of Goods Sold		15,297			268			—			15,565			19,586			14,289			—			33,875
Gross Profit (Loss)		17,744			(80	)		—			17,664			20,351			(2,211	)		—			18,140
Gross Margin %		53.7	%		-42.6	%								51.0	%		-18.3	%

Selling, General & Administrative Expenses		14,186			1,105			14,972			30,263			17,513			9,535			25,636			52,684
Impairment Expense		—			—			—			—			—			—			163,698			163,698
Loss (Gain) on Sale Of Assets		1,540			—			67			1,607			(2,663	)		(2,390	)		(8,379	)		(13,432	)
Income (Loss) from Operations		2,018			(1,185	)		(15,039	)		(14,206	)		5,501			(9,356	)		(180,955	)		(184,810	)

Other Income (Expense):
Interest Expense		(445	)		—			(3,332	)		(3,777	)		—			(170	)		(4,003	)		(4,173	)
Gain on Extinguishment of Debt		—			—			5,441			5,441			—			—			542			542
Income from Employer Retention Credit		—			—			1,232			1,232			—			—			—			—
Realized Loss on Investments		—			—			(61	)		(61	)		—			—			—			—
Unrealized Gain on Investments		—			—			667			667			—			—			210			210
Other Income		9			63			929			1,001			210			737			590			1,537
Total Other Income (Loss)		(436	)		63			4,876			4,503			210			567			(2,661	)		(1,884	)

Income (Loss) Before Provision for Income Taxes	$	1,582		$	(1,122	)	$	(10,163	)	$	(9,703	)	$	5,711		$	(8,789	)	$	(183,616	)	$	(186,694	)

Total Assets	$	14,040		$	938		$	17,093		$	32,071		$	18,716		$	1,343		$	20,451		$	40,510