v3.26.1
Note 3 - Inventory
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Inventory Disclosure [Text Block]

3. Inventory

 

Finished goods inventory consists of dried cannabis, concentrates, edibles, and other products that are complete and available for sale (both internally generated inventory and third-party products purchased in the wholesale market). Work in process inventory consists of cannabis after harvest, in the processing stage. Packaging and miscellaneous consist of consumables for use in the transformation of biological assets and other inventory used in the production of finished goods, non-cannabis merchandise and food and beverage items. The Company’s inventory is comprised of:

 

  

June 30,

  

December 31,

 
  

2026

  

2025

 
         

Raw materials

 $5,814,546  $6,853,816 

Packaging and miscellaneous

  1,560,347   1,536,003 

Work in progress

  4,538,971   3,976,567 

Finished goods

  3,776,768   5,772,008 
  $15,690,632  $18,138,394 

 

Cost of Inventory is recognized as an expense when sold and included in the cost of goods sold. During the three and six months ended June 30, 2026, the Company recognized $10,535,184 and $22,213,801 (2025 - $15,195,868 and $31,220,170) of inventory expensed to cost of goods sold.