Annual report pursuant to Section 13 and 15(d)

INVENTORY

v3.21.1
INVENTORY
12 Months Ended
Dec. 31, 2020
INVENTORY  
NOTE 6. INVENTORY

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

 

Inventory as of December 31, 2020 and 2019 consisted of the following:

 

 

 

(in thousands)

 

 

 

December 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

Raw materials

 

$

39

 

 

$

2,400

 

Work-in-progress

 

 

1,196

 

 

 

2,677

 

Finished goods

 

 

367

 

 

 

275

 

Inventory reserve

 

 

-

 

 

 

(1,018

)

 

 

 

 

 

 

 

 

 

Total inventory

 

$

1,602

 

 

$

4,334