Quarterly report pursuant to Section 13 or 15(d)


9 Months Ended
Sep. 30, 2018
Notes to Financial Statements  

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:


    September 30,     December 31,  
      2018       2017  
Raw Materials   $ 1,210,885     $ 1,450,273  
Work-in-Progress     794,216       1,016,596  
Finished Goods     1,593,965       3,293,150  
Total Inventory   $ 3,599,066     $ 5,760,019