Annual report pursuant to Section 13 and 15(d)


12 Months Ended
Dec. 31, 2017
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 deferred cultivation costs at 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:


    December 31,  
    2017     2016  
Raw Materials   $ 1,450,273     $ 486,119  
Work-in-Progress     1,016,596       570,145  
Finished Goods     3,293,150       853,066  
Total Inventory   $ 5,760,019     $ 1,909,330