Blüm Holdings Inc. Quarterly report pursuant to Section 13 or 15(d)

Note 20 - Segment Information (Tables)

6 Months Ended

Jun. 30, 2024

	(in thousands)
	*Three Months Ended June 30, 2024*												*Three Months Ended June 30, 2023*
	*Cannabis*			*Cannabis*			*Corporate &*						*Cannabis*			*Cannabis*			*Corporate &*
	*Retail*			*Distribution*			*Other*			*Total*			*Retail*			*Distribution*			*Other*			*Total*
Total Revenues	$	3,756		$	39		$	—		$	3,795		$	2,122		$	145		$	—		$	2,267
Cost of Goods Sold		1,896			307			—			2,203			954			132			—			1,086
Gross Profit		1,860			(268	)		—			1,592			1,168			13			—			1,181
Gross Profit %		49.5	%		(687.2	)%								55.0	%		9.0	%

Selling, General & Administrative		2,368			66			3,897			6,331			112			229			5,360			5,701
Impairment Expense		—			—			1,709			1,709			—			—			—			—
(Gain) Loss on Disposal of Assets		174			(40	)		—			134			—			—			67			67
Loss from Operations		(682	)		(294	)		(5,606	)		(6,582	)		1,056			(216	)		(5,427	)		(4,587	)

Other Income (Expense):
Interest Expense		(349	)		—			(401	)		(750	)		—			—			(114	)		(114	)
Gain on Extinguishment of Debt		—			—			15,182			15,182			—			—			—			—
Change in Fair Value of Derivative Liability		—			—			(130	)		(130	)		—			—			—			—
Income from Employer Retention Credit		—			—			361			361			—			—			—			—
Unrealized Loss on Investments		—			—			(770	)		(770	)		—			—			—			—
Other Income (Expense)		141			—			(58	)		83			(300	)		—			264			(36	)
Total Other Income (Expense), Net		(208	)		—			14,184			13,976			(300	)		—			150			(150	)

Income (Loss) Before Provision for Income Taxes	$	(890	)	$	(294	)	$	8,578		$	7,394		$	756		$	(216	)	$	(5,277	)	$	(4,737	)

Total Assets	$	25,622		$	599		$	12,030		$	38,251		$	18,331		$	4,456		$	15,573		$	38,360

	(in thousands)
	*Six Months Ended June 30, 2024*												*Six Months Ended June 30, 2023*
	*Cannabis*			*Cannabis*			*Corporate &*						*Cannabis*			*Cannabis*			*Corporate &*
	*Retail*			*Distribution*			*Other*			*Total*			*Retail*			*Distribution*			*Other*			*Total*
Total Revenues	$	5,510		$	59		$	—		$	5,569		$	3,568		$	578		$	—		$	4,146
Cost of Goods Sold		2,841			338			—			3,179			1,703			250			—			1,953
Gross Profit		2,669			(279	)		—			2,390			1,865			328			—			2,193
Gross Profit %		48.4	%		(472.9	)%								52.3	%		56.7	%

Selling, General & Administrative Expenses		3,927			118			6,505			10,550			1,104			337			7,781			9,222
Impairment Expense		—			—			1,709			1,709			—			—			—			—
(Gain) Loss on Disposal of Assets		174			(40	)		—			134			—			—			67			67
Income (Loss) from Operations		(1,432	)		(357	)		(8,214	)		(10,003	)		761			(9	)		(7,848	)		(7,096	)

Other Income (Expense):
Interest Expense		(349	)		—			(778	)		(1,127	)		—			—			(294	)		(294	)
Gain on Extinguishment of Debt		—			—			15,182			15,182			—			—			3,026			3,026
Change in Fair Value of Derivative Liability		—			—			(130	)		(130	)		—			—			—			—
Income from Employer Retention Credit		—			—			361			361			—			—			—			—
Realized Loss on Investments		—			—			—			—			—			—			(61	)		(61	)
Unrealized Gain on Investments		—			—			(353	)		(353	)		—			—			—			—
Other Income (Expense)		146			—			2			148			(300	)		—			264			(36	)
Total Other Income (Expense), Net		(203	)		—			14,284			14,081			(300	)		—			2,935			2,635

Income (Loss) Before Provision for Income Taxes	$	(1,635	)	$	(357	)	$	6,070		$	4,078		$	461		$	(9	)	$	(4,913	)	$	(4,461	)

Total Assets	$	25,622		$	599		$	12,030		$	38,251		$	18,331		$	4,456		$	15,573		$	38,360