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

SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2023

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


	(in thousands)
	Total Revenue				% of Total Revenue
	Three Months Ended March 31,
Segment	2023		2022		2023		2022
Cannabis Retail	$	7,959	$	12,109	91.2	%	65.6	%
Cannabis Cultivation & Distribution	770		6,336		8.8	%	34.4	%

Total	$	8,729	$	18,445	100.0	%	100.0	%

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


	(in thousands)
	Three Months Ended March 31, 2023								Three Months Ended March 31, 2022
	Cannabis Retail		Cannabis Cultivation & Distribution		Corporate & Other		Total		Cannabis Retail		Cannabis Cultivation & Distribution		Corporate & Other		Total
Total Revenues	$	7,959	$	770	$	—	$	8,729	$	12,109	$	6,336	$	—	$	18,445
Cost of Goods Sold	3,805		740		—		4,545		6,881		5,855		—		12,736
Gross Profit	4,154		30		—		4,184		5,228		481		—		5,709

Selling, General & Administrative Expenses	3,045		164		3,895		7,104		5,025		4,600		8,306		17,931
Gain on Disposal of Assets	—		—		—		—		—		—		(198)		(198)
Income (Loss) from Operations	1,109		(134)		(3,895)		(2,920)		203		(4,119)		(8,108)		(12,024)

Other Income (Expense):
Interest Expense	(48)		—		(976)		(1,024)		—		(165)		(1,601)		(1,766)
Gain on Extinguishment of Debt	—		—		3,026		3,026		—		—		542		542
Gain on Settlement of Liabilities	587		9		911		1,507		—		—		—		—
Loss on Sale of Investments	—		—		(61)		(61)		—		—		—		—
Other Income, Net	225		315		—		540		78		415		539		1,032
Total Other Income (Loss), Net	764		324		2,900		3,988		78		250		(520)		(192)

Income (Loss) Before Provision for Income Taxes	$	1,873	$	190	$	(995)	$	1,068	$	281	$	(3,869)	$	(8,628)	$	(12,216)

Total Assets	$	19,882	$	4,290	$	15,294	$	39,466	$	52,125	$	580	$	197,097	$	249,802