Blüm Holdings Inc. Quarterly report [Sections 13 or 15(d)]

Note 20 - Segment Information (Tables)

6 Months Ended

Jun. 30, 2025

	(in thousands)
	*Three Months Ended June 30, 2025*												*Three Months Ended June 30, 2024*
	*Cannabis*			*Cannabis*			*Corporate &*						*Cannabis*			*Cannabis*			*Corporate &*
	*Retail*			*Distribution*			*Other*			*Total*			*Retail*			*Distribution*			*Other*			*Total*
Total Revenues	$	3,381		$	97		$	—		$	3,478		$	3,756		$	39		$	—		$	3,795
Cost of Goods Sold		1,744			45			—			1,789			1,896			307			—			2,203
Gross Profit		1,637			52			—			1,689			1,860			(268	)		—			1,592
Gross Profit %		48.4	%		53.6	%		0.0	%					49.5	%		(687.2	)%		0.0	%

Selling, General & Administrative		1,995			1			503			2,499			2,202			66			3,897			6,165
Impairment Expense		—			—			—			—			—			—			1,709			1,709
(Gain) Loss on Disposal of Assets		—			—			—			—			174			(40	)		—			134
Income (Loss) from Operations		(358	)		51			(503	)		(810	)		(516	)		(294	)		(5,606	)		(6,416	)

Other Income (Expense):
Interest Expense		(322	)		—			(3	)		(325	)		(187	)		—			(563	)		(750	)
Gain (Loss) on Extinguishment of Debt		—			—			(174	)		(174	)		—			—			15,182			15,182
Change in Fair Value of Derivative Liability		—			—			(247	)		(247	)		—			—			(130	)		(130	)
Income from Employer Retention Credit		—			—			—			—			—			—			361			361
Unrealized Loss on Investments		—			—			—			—			—			—			(770	)		(770	)
Other Income (Loss)		—			—			—			—			141			—			(58	)		83
Total Other Income (Expense), Net		(322	)		—			(424	)		(746	)		(46	)		—			14,022			13,976

Income (Loss) Before Provision for Income Taxes	$	(680	)	$	51		$	(927	)	$	(1,556	)	$	(562	)	$	(294	)	$	8,416		$	7,560

Total Assets	$	38,714		$	483		$	197		$	39,394		$	25,622		$	599		$	12,030		$	38,251

	(in thousands)
	*Six Months Ended June 30, 2025*												*Six Months Ended June 30, 2024*
	*Cannabis*			*Cannabis*			*Corporate &*						*Cannabis*			*Cannabis*			*Corporate &*
	*Retail*			*Distribution*			*Other*			*Total*			*Retail*			*Distribution*			*Other*			*Total*
Total Revenues	$	5,551		$	167		$	—		$	5,718		$	5,510		$	59		$	—		$	5,569
Cost of Goods Sold		2,716			122			—			2,838			2,841			338			—			3,179
Gross Profit		2,835			45			—			2,880			2,669			(279	)		—			2,390
Gross Profit %		51.1	%		26.9	%		0.0	%					48.4	%		(472.9	)%		0.0	%

Selling, General & Administrative Expenses		3,498			58			1,435			4,991			3,927			118			6,505			10,550
Impairment Expense		—			—			—			—			—			—			1,709			1,709
(Gain) Loss on Disposal of Assets		—			—			—			—			174			(40	)		—			134
Loss from Operations		(663	)		(13	)		(1,435	)		(2,111	)		(1,432	)		(357	)		(8,214	)		(10,003	)

Other Income (Expense):
Interest Expense		(539	)		—			(18	)		(557	)		(349	)		—			(778	)		(1,127	)
Gain (Loss) on Extinguishment of Debt		—			—			(174	)		(174	)		—			—			15,182			15,182
Change in Fair Value of Derivative Liability		—			—			269			269			—			—			(130	)		(130	)
Income from Employer Retention Credit		—			—			—			—			—			—			361			361
Unrealized Loss on Investments		—			—			—			—			—			—			(353	)		(353	)
Other Income		—			—			700			700			146			—			2			148
Total Other Income (Expense), Net		(539	)		—			777			238			(203	)		—			14,284			14,081

Income (Loss) Before Provision for Income Taxes	$	(1,202	)	$	(13	)	$	(658	)	$	(1,873	)	$	(1,635	)	$	(357	)	$	6,070		$	4,078

Total Assets	$	38,714		$	483		$	197		$	39,394		$	25,622		$	599		$	12,030		$	38,251