Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.21.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of estimated useful lives of Intangible assets

Customer Relationships

 

3 to 5 Years

 

Trademarks

 

2 to 8 Years

 

Dispensary Licenses

 

14 Years

 

Schedule of fair value

Investments:

 

Amount

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Warrants to acquire shares of HydroFarm

 

$

10,195

 

 

$

-

 

 

$

10,195

 

 

$

-

 

Shares in HydroFarm

 

 

23,850

 

 

 

-

 

 

 

23,850

 

 

 

-

 

Option to acquire Edible Garden Inc

 

 

330

 

 

 

-

 

 

 

-

 

 

 

330

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

34,375

 

 

$

-

 

 

$

34,045

 

 

$

330

 

Schedule of revenue

 

 

(in thousands)

 

 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

California

 

$

6,161

 

 

$

12,413

 

Nevada

 

 

8,126

 

 

 

4,075

 

Total

 

$

14,287

 

 

$

16,488

 

Schedule of anti-dilutive securities

 

 

Year Ended December 31,

 

 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

Common stock warrants

 

 

1,076,555

 

 

 

1,313,459

 

Common stock options

 

 

17,492,830

 

 

 

12,365,295

 

 

 

 

 

 

 

 

 

 

 

 

 

18,569,385

 

 

 

13,678,754