Annual report pursuant to Section 13 and 15(d)

INVENTORIES, NET

v3.23.1
INVENTORIES, NET
 12 Months Ended
Dec. 31, 2022
Inventory Disclosure [Abstract]  
INVENTORIES, NET INVENTORIES, NET
Inventories are comprised of the following items as of the periods presented:
December 31,
2022		   December 31,
2021
Raw materials $ 1,204  $ 1,477 
Work in progress – cultivated cannabis
—  1,241 
Work in progress – harvested cannabis and extracts
21  1,070 
Finished goods – cannabis extracts
6,703  11,432 
Finished goods – other
471  188 
Total
$ 8,399  $ 15,408 
During the years ended December 31, 2022 and 2021, the Company recorded inventory provision for approximately $4,736 and $2,980, respectively, to cost of sales for obsolete inventories.

As disclosed in Note 21, the Company executed a restructuring plan to shut-down Portugal operations in December 2022 and recorded inventory provision of $6,726 as part of restructuring. For more information refer to Note 22.