Biological Assets (Details) - USD ($) |
12 Months Ended | |
---|---|---|
Oct. 31, 2020 |
Oct. 31, 2019 |
|
Beginning Balance | $ 156,589 | $ 149,617 |
Add: Purchased cannabis plants | 724,878 | 308,324 |
Change in fair value less costs to sell due to biological transformation | 1,515,492 | 486,354 |
Allocation of operational overhead | 1,130,712 | 438,859 |
Transferred to inventory upon harvest | (3,276,981) | (1,226,565) |
Ending Balance | $ 250,690 | $ 156,589 |
Estimated selling price per (pound) | $ 1,123 | $ 840 |
Impact of change in estimated selling price | $ 57,879 | $ 37,747 |
Estimated stage of growth | 71.00% | 60.00% |
Impact of change in estimated stage of growth | $ 46,209 | $ 30,970 |
Estimated flower yield per harvest (pound) | $ 216 | $ 263 |
Impact of change in estimated flower yield | $ 46,209 | $ 30,970 |