Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.23.3
Inventories
9 Months Ended
Sep. 30, 2023
Inventories  
Inventories

4. Inventories

The Company’s inventories consisted of the following:

    

September 30,  2023

    

December 31,  2022

Raw Material - cannabis plants

$

2,910

$

3,383

Raw Material - other materials

534

763

Work in progress

13,880

11,268

Finished goods

18,851

34,779

Supplies and accessories

2,260

2,716

Total Inventories

$

38,435

$

52,909

During the three months ended June 30, 2023, the Company shifted its sales and operation strategies. As a result, during the three and nine months ended September 30, 2023, the Company recorded total inventory adjustments of $734 and $5,831, respectively. During the three and nine months ended September 30, 2022, the Company recorded inventory adjustments of $30 and $546, respectively. These amounts are included in cost of goods sold on the condensed consolidated statements of operations and comprehensive loss.