Quarterly report pursuant to Section 13 or 15(d)

INVENTORY

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INVENTORY
3 Months Ended
Mar. 31, 2020
Inventory Disclosure [Abstract]  
INVENTORY

Inventory, net consisted of the following:

   

March 31,

2020

   

December 31,

2019

 
             
Finished goods – CBD products   $ -     $ -  
Finished goods – hemp flowers and hemp cuttings     397,098       1,337,809  
    $ 397,098     $ 1,337,809  

 

During the three months ended March 31, 2020, the Company recorded a reserve or inventory write-off related to damaged inventory of $553,440 due to mold and is included in cost of sales as reflected in the accompanying unaudited condensed consolidated statements of operations.