Annual report pursuant to Section 13 and 15(d)

INVENTORY

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INVENTORY
12 Months Ended
Dec. 31, 2018
Inventory  
NOTE 7. INVENTORY

Raw materials and work-in-progress consists of cultivation materials and live plants for Edible Garden’s herb product lines. Finished goods consists of cannabis products sold in retail and Edible Garden’s herb product lines.

 

Inventory as of December 31, 2018 and 2017 consists of the following:

 

    December 31,  
    2018       2017  
             
Raw Materials   $ 1,213,289     $ 1,450,273  
Work-in-Progress     881,932       1,016,596  
Finished Goods     1,202,745       3,293,150  
Inventory Reserve     (1,018,229 )        
Total Inventory   $ 2,279,737     $ 5,760,019