Inventories

12 Months Ended

Dec. 31, 2021

Inventories.

Inventories

Note 5 – Inventories

Inventories consist of the following:

	December 31,
	2021		2020
Raw materials
Cannabis	$	77,694	$	17,452
Non-Cannabis		20,104		11,251
Total raw materials		97,798		28,703
Work-in-process		91,001		70,540
Finished goods		71,195		38,101
Fair value adjustment to inventory related to biological assets		133,311		63,828
Transferred to assets held for sale		(2,110)		(3,181)
Inventories, net	$	391,195	$	197,991

d

During the years ended December 31, 2021 and 2020, the Company recognized cost of goods sold of $987,252 and $460,734, respectively, of which $621,610 and $311,148, respectively, was included in costs before the impact of biological assets adjustments for the amount of $365,642 and $149,586, respectively, of non-cash expense relating to the realized change in fair value of inventory sold.