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

INVENTORIES

v3.21.1
INVENTORIES
 12 Months Ended
Dec. 31, 2020
Classes of current inventories [abstract]  
INVENTORIES [Text Block]

NOTE 10:- INVENTORIES

    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 at December 31, 2020 $ 3,039   $ 5,331   $ 8,370  

 

    December 31, 2019  
    Capitalized
costs		     Fair
valuation
adjustment,
net		     Carrying
value		  
Work in progress:                  
Bulk cannabis $ 693   $ 1,596   $ 2,289  
                   
Finished goods:                  
Packaged dried cannabis   922     1,849     2,771  
Other   362     —     362  
                   
Balance as at December 31, 2019 $ 1,977   $ 3,445   $ 5,422  

 

During the years ended December 31, 2020 and 2019, inventory expensed to cost of goods sold was $17,203 and $11,135, respectively, which included $10,122 and $6,374 of non-cash expense, respectively, related to the changes in fair value of inventory sold.

In addition, during the years ended December 31, 2020 and 2019, The write-downs of inventories recognized in cost of sales amounted to $ 291  and $nil, respectively.

Cost of revenues in 2020 and 2019 also include production overhead not allocated to costs of inventories produced and recognized as an expense as incurred.