Quarterly report pursuant to Section 13 or 15(d)

INVENTORY

v3.21.2
INVENTORY
9 Months Ended
Sep. 30, 2021
INVENTORY  
NOTE 7. INVENTORY

NOTE 7 – INVENTORY

 

Raw materials consist of material for NuLeaf and IVXX’s line 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 September 30, 2021 and December 31, 2020 consisted of the following:

 

 

 

(in thousands)

 

 

 

September 30,

 

 

December 31,

 

 

 

2021

 

 

2020

 

 

 

 

 

 

 

 

Raw materials

 

$ 2,320

 

 

$ 39

 

Work-in-progress

 

 

2,171

 

 

 

1,196

 

Finished goods

 

 

11,374

 

 

 

367

 

 

 

 

 

 

 

 

 

 

Total inventory

 

$ 15,865

 

 

$ 1,602