Inventories

12 Months Ended

Dec. 31, 2021

Inventories.

Inventories

Note 5 – Inventories

Inventories consist of the following:

	December 31,
	2021		2020
Raw materials
Cannabis	$	71,743	$	17,452
Non-Cannabis		20,104		11,251
Total raw materials		91,847		28,703
Work-in-process		91,001		70,540
Finished goods		71,646		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	$	385,695	$	197,991

d

During the years ended December 31, 2021 and 2020, the Company recognized cost of goods sold of $983.2 million and $460.7 million, respectively, of which $617.6 million and $311.1 million, respectively, was included in costs before the impact of biological assets adjustments for the amount of $365.6 million and $149.6 million, respectively, of non-cash expense relating to the realized change in fair value of inventory sold.