Annual report pursuant to Section 13 and 15(d)

REVENUES

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REVENUES
 12 Months Ended
Dec. 31, 2020
Revenue from Contract with Customer [Abstract]  
REVENUES

NOTE 17 – REVENUES

 

For the years ended December 31, 2020 and 2019, the Company’s revenues were comprised of the following major categories:

 

    2020     2019  
Product sales   $ 39,400,726     $ 1,542,037  
Product sales from related party     -       29,029,249  
Real estate     6,776,697       6,836,316  
Management     1,481,897       2,798,738  
Supply procurement     1,549,856       3,555,555  
Licensing     1,684,792       1,794,161  
Other     1,183       48,588  
Total revenues   $ 50,895,151     $ 45,604,644  

 

The amount under Product Sales From Related Party shown in the table above represents the one-time revenues from the seed transactions with GenCanna, which is further disclosed in Note 20 – Related Party Transactions. Excluding these revenues, in 2020 and 2019, revenue from two clients represented 20% and 78%, respectively, of total revenues.