Quarterly report pursuant to Section 13 or 15(d)

INVENTORY

v3.19.2
INVENTORY
6 Months Ended
Jun. 30, 2019
INVENTORY  
NOTE 8. INVENTORY

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

 

Inventory consists of the following:

 

 

(in thousands)

 

June 30,

 

December 31,

 

2019

 

2018

 

Raw Materials

 

$

2,094

 

$

1,213

 

Work-in-Progress

 

1,871

 

882

 

Finished Goods

 

1,809

 

1,203

 

Inventory Reserve

 

(1,018

)

 

(1,018

)

Held For Sale

 

(979

)

 

-

 

Total Inventory

 

$

3,777

 

$

2,280