Annual reports filed by certain Canadian issuers pursuant to Section 15(d) and Rule 15d-4

INVENTORIES

v3.22.1
INVENTORIES
 12 Months Ended
Dec. 31, 2021
Classes of current inventories [abstract]  
INVENTORIES [Text Block]
NOTE 9:-
INVENTORIES
 
   
December 31, 2021
  
   
Capitalized costs
    
Fair valuation adjustment, net
    
Carrying value
  
Work in progress:
                  
Bulk cannabis
  
$
 14,113    
$
 3,336    
$
 17,449  
Other cannabis products
     1,074       -       1,074  
Finished goods:
                        
Packaged dried cannabis
     8,974       270       9,244  
Other cannabis products
     744       -       744  
Other products
     880       -       880  
                         
Balance as of December 31, 2021
  
$
 25,785    
$
 3,606    
$
 29,391  

 

 
   
December 31, 2020
  
   
Capitalized costs
    
Fair valuation adjustment, net
    
Carrying value
  
Work in progress:
                  
Bulk cannabis
  
$
 2,130    
$
 4,728    
$
 6,858  
Finished goods:
                      
Packaged dried cannabis
     363       603       966  
Other
     546       -       546  
                         
Balance as of December 31, 2020
  
$
3,039
    
$
5,331
    
$
8,370
  
 
During the years ended December 31, 2021 and 2020, inventory expensed to cost of revenue of cannabis products was $43,720 and $17,203, respectively, which included $8,796 and $10,122 of non-cash expense, respectively, related to the changes in fair value of inventory sold.
 
In addition, during the years ended December 31, 2021 and 2020, write-downs of inventories recognized in cost of revenue amounted to $nil and $291, respectively.
 
Cost of revenues in 2021 and 2020, also include production overhead not allocated to costs of inventories produced and recognized as an expense as incurred.