Quarterly report pursuant to Section 13 or 15(d)

INVENTORY

v3.8.0.1
INVENTORY
9 Months Ended
Sep. 30, 2017
Notes to Financial Statements  
NOTE 5. INVENTORY

Raw materials consist of Edible Garden’s herb product lines and material for IVXX’s line of cannabis pure concentrates. Work-in-progress consists of live plants grown for Edible Garden’s herb product lines and live plants grown at Black Oak. Finished goods consists of IVXX’s line of cannabis packaged products to be sold into dispensaries and Black Oak cannabis products sold in retail, and Edible Garden’s products to be sold via food, drug, and mass channels.

 

Inventory consists of the following:

 

    September 30,     December 31,  
    2017     2016  
             
Raw Materials   $ 1,309,131     $ 486,119  
Work-in-Progress     901,241       570,145  
Finished Goods     2,271,421       853,066  
                 
Total Inventory   $ 4,481,793     $ 1,909,330