Quarterly report pursuant to Section 13 or 15(d)

INVENTORY

v3.19.3
INVENTORY
9 Months Ended
Sep. 30, 2019
INVENTORY  
NOTE 6. 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 Gallery (“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:

 

 

(in thousands)

 

September 30,

 

December 31,

 

2019

 

2018

 

Raw materials

 

$

2,040

 

$

1,208

 

Work-in-progress

 

2,369

 

311

 

Finished goods

 

1,347

 

544

 

Inventory reserve

 

(1,018

)

 

(1,018

)

 

Total inventory

 

$

4,738

 

$

1,045