Annual report pursuant to Section 13 and 15(d)

INVENTORY

v3.23.2
INVENTORY
12 Months Ended
May 31, 2023
Inventory Disclosure [Abstract]  
Inventory Disclosure [Text Block]

NOTE 6 INVENTORY

 

Inventory, consisting of material, overhead, labor, and manufacturing overhead, is stated at the lower of cost (first-in, first-out) or market, and consists of the following:

 

   

May 31,

   

May 31,

 
   

2023

   

2022

 

Raw materials

  $ 399,728     $ 297,563  

Finished goods

    2,613,204       3,120,039  

Total

  $ 3,012,932     $ 3,417,602  

 

Raw materials consist of cannabis plants and the materials that are used in our production process prior to being tested and packaged for consumption. Finished goods consist of pre-packaged materials previously purchased from other licensed cultivators and our manufactured edibles and extracts.