v3.26.1
Note 4 - Inventory
12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Inventory Disclosure [Text Block]

4. Inventory 

 

Finished goods inventory consists of dried cannabis, concentrates, edibles, and other products that are complete and available for sale (both internally generated inventory and third-party products purchased in the wholesale market). Work in process inventory consists of cannabis after harvest, in the processing stage. Packaging and miscellaneous consist of consumables for use in the transformation of biological assets and other inventory used in production of finished goods, non-cannabis merchandise and food and beverage items.  The Company’s inventory is comprised of:

 

  

December 31,

  

December 31,

 
  

2025

  

2024

 
         

Raw materials

 $6,853,816  $9,768,295 

Packaging and miscellaneous

  1,536,003   1,949,621 

Work in progress

  3,976,567   6,406,679 

Finished goods

  5,772,008   4,697,399 
         
  $18,138,394  $22,821,994 

 

Cost of Inventory is recognized as an expense when sold and included in cost of goods sold. During the year ended December 31, 2025, the Company recognized $63,099,741 (2024 - $60,298,520) of inventory expensed to cost of goods sold.