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

WARRANTS (Tables)

6 Months Ended

Jun. 30, 2012

The Company has the following shares of common stock reserved for the warrants outstanding as of June 30, 2012:

	June 30, 2012
	Weighted
	Average
	Exercise
	Shares		Price

Warrants outstanding beginning of year		6,188,400	$	0.35
Warrants exercised		-		-
Warrants granted		190,000		0.54
Warrants expired		-		-

Warrants outstanding end of period		6,378,400	$	0.35

The weighted exercise price and weighted fair value of the warrants granted by the Company as of June 30, 2012, are as follows:

	June 30, 2012
	Weighted
	Average		Weighted
	Exercise		Average
	Price		Fair Value

Weighted average of warrants granted during the six months whose exercise price exceeded fair market value at the date of grant	$	0.54	$	0.26

Weighted average of warrants granted during the six months whose exercise price was equal or lower than fair market value at the date of grant	$	-	$	-

The following table summarizes information about fixed-price warrants outstanding:

Range of Exercise Prices		Number Outstanding at March 31, 2012		Average Remaining Contractual Life	Weighted Average Exercise Price

$	0.33		5,588,400	27 Months	$	0.33
$	0.46		600,000	38 Months	$	0.46
$	0.46		150,000	43 Months	$	0.46
$	0.85		40,000	34 Months	$	0.85
			6,378,400