Inventories

12 Months Ended

Dec. 31, 2022

Inventories

Inventories

Note 5 – Inventories

Inventories consist of the following:

	As of
	December 31, 2022		December 31, 2021
Raw materials
Cannabis	$	43,054	$	67,505
Non-Cannabis		17,258		20,104
Total raw materials		60,312		87,609
Work-in-process		118,997		91,001
Finished goods		74,317		71,646
Transferred to assets held for sale		(2,983)		(2,110)
Inventories, net	$	250,643	$	248,146

d

During the year ended December 31, 2022, the Company recorded a write down of $81.3 million in Cost of goods sold in the Consolidated Statement of Operations related to aged, obsolete, or unsellable inventories; inventory that did not meet the Company’s quality standards; and inventory whose carrying value exceeded the estimated NRV.

During the year ended December 31, 2021 the company recorded write down charges of $20.1 million related to aged, obsolete, or unsellable inventories.