InvestorsHub Logo
Followers 0
Posts 325
Boards Moderated 0
Alias Born 01/30/2019

Re: Chrism0000 post# 1701

Wednesday, 03/18/2020 12:51:22 PM

Wednesday, March 18, 2020 12:51:22 PM

Post# of 3369
FV adjustments on biological assets is a very confusing accounting topic for me too. It has to do with recognizing revenue on growing plants before they are harvested and actually sold. This article explains it a bit, but its still confusing.

https://seekingalpha.com/article/4185105-understanding-cannabis-industry-gain-on-biologicals

Im gonna guess that when the next outdoor crop is planted, we will see another large positive FV adjustment for that Q report