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

SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2022

For the periods presented, revenue by reportable segments are as follows:


	(in thousands)
	Total Revenue				% of Total Revenue
	Year Ended December 31,
Segment	2022		2021		2022		2021
Cannabis Retail	$	39,937	$	24,540	76.8	%	58.3	%
Cannabis Cultivation & Distribution	12,078		17,580		23.2	%	41.7	%
Total	$	52,015	$	42,120	100.0	%	100.0	%

For the periods presented, operations by reportable segments are as follows:


	(in thousands)
	Year Ended December 31, 2022
	Cannabis Retail		Cannabis Cultivation and Distribution		Corporate and Other		Total
Total Revenues	$	39,937	$	12,078	$	—	$	52,015
Cost of Goods Sold	19,586		15,532		—		35,118
Gross Profit (Loss)	20,351		(3,454)		—		16,897

Selling, General and Administrative Expenses	17,513		11,009		25,634		54,156
Impairment Expense	—		—		163,698		163,698
(Gain) Loss on Sale Of Assets	(2,663)		(3,652)		(879)		(7,194)
Income (Loss) from Operations	5,501		(10,811)		(188,453)		(193,763)

Other Income (Expense):
Interest Expense	—		(170)		(4,003)		(4,173)



Gain (Loss) on Extinguishment of Debt	—		—		542		542
Unrealized Gain (Loss) on Investments	—		—		210		210
Other Income (Loss)	210		750		590		1,550
Total Other Income (Loss)	210		580		(2,661)		(1,871)

Income (Loss) Before Provision for Income Taxes	$	5,711	$	(10,231)	$	(191,114)	$	(195,634)

Total Assets	$	18,716	$	4,344	$	17,448	$	40,508


	(in thousands)
	Year Ended December 31, 2021
	Cannabis Retail		Cannabis Cultivation and Distribution		Corporate and Other		Total
Total Revenues	$	24,540	$	17,580	$	—	$	42,120
Cost of Goods Sold	13,706		17,395		—		31,101
Gross Profit	10,834		185		—		11,019

Selling, General and Administrative Expenses	12,327		6,876		27,111		46,314
Impairment Expense	6,171		—		—		6,171
(Gain) Loss on Sale Of Assets	—		56		(3,189)		(3,133)
Income (Loss) from Operations	(7,664)		(6,747)		(23,922)		(38,333)

Other Income (Expense):
Interest Expense	(85)		(184)		(1,506)		(1,775)
Gain (Loss) on Extinguishment of Debt	—		185		(6,161)		(5,976)
Gain (Loss) on Investments	—		—		5,337		5,337

Other Income (Loss)	110		85		(628)		(433)
Total Other Income (Loss)	25		86		(2,958)		(2,847)

Income (Loss) Before Provision for Income Taxes	$	(7,639)	$	(6,661)	$	(26,880)	$	(41,180)

Total Assets	$	54,846	$	(5,565)	$	222,543	$	271,824