Quarterly report pursuant to Section 13 or 15(d)


3 Months Ended
Mar. 31, 2019
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:


    (in thousands)  
    March 31,     December 31,  
    2019     2018  
Raw Materials   $ 1,781     $ 1,213  
Work-in-Progress     1,611       882  
Finished Goods     2,123       1,203  
Inventory Reserve     (1,011 )     (1,018 )
Total Inventory   $ 4,505     $ 2,280