Annual report pursuant to Section 13 and 15(d)

INVENTORY

v3.20.1
INVENTORY
12 Months Ended
Dec. 31, 2019
INVENTORY  
NOTE 6. INVENTORY

Raw materials consists of material for NuLeaf and IVXX’s lines of cannabis pure concentrates, as well as Edible Garden’s herb product lines. Work-in-progress consists of cultivation materials and live plants grown at NuLeaf and Black Oak Gallery, and plants grown for Edible Garden’s herb product lines. Finished goods consists of cannabis products sold in retail.

 

Inventory as of December 31, 2019 and 2018 consists of the following:

 

 

(in thousands)

 

December 31,

 

December 31,

 

2019

 

2018

 

Raw materials

 

$

2,650

 

$

1,208

 

Work-in-progress

 

3,425

 

311

 

Finished goods

 

573

 

858

 

Inventory reserve

 

(1,493

)

 

(1,018

)

Total inventory

 

$

5,155

 

$

1,359