INVENTORIES

12 Months Ended

Dec. 31, 2025

Inventories consist of the following:


	December 31,
	2025		2024
Harvested hemp and seeds	$	2,212	$	2,312
Raw materials	10,379		11,903
Finished goods	6,606		6,268
	19,197		20,483
Less: inventory provision	(1,175)		(1,576)
Total	$	18,022	$	18,907

Inventory Provision

For the year ended December 31, 2025, inventory provisions of $205 were expensed through cost of goods sold in the consolidated statements of operations, and write-offs of inventory previously reserved for of $606 were recognized. For the year ended December 31, 2024, inventory provisions of $4,154 were expensed through cost of goods sold and write-offs of inventory previously reserved for of $6,386 were recognized.

Additionally, for the year ended December 31, 2024, the Company sold harvested hemp that had a full inventory provision. The sale of hemp resulted in a $4,573 reduction to the inventory provision.