Stock · quarter-end reporting
Stock Valuation
The number you asked for on the call, built from the ground up. Every gram on the site. Growing, drying, in the vault, packed, or sitting at a distributor. Carried at the cost this system has absorbed into it. Reconciled to the 30 June close, movement explained line by line.
Total stock on hand
$5.71M
Growing crop
$1.83M
Cost per gram
$1.59
Carried but not sellable
$114.7k
Valuation pools
$5.71M- Biological assets, growing crop 32.2%
- Work in progress, drying and trim 14%
- Bulk vault 17.6%
- Finished goods, packed 19.5%
- Consignment at distributors 10%
- Packaging and consumables 6.7%
Pool detail
Click any pool to see the rows it is built from.
| Pool | Weight | $/g | 30 Jun | Now | Movement |
|---|---|---|---|---|---|
| Biological assets, growing crop AASB 141 · valued at cost absorbed to stage | 2.89 t | $0.64 | $1,729,400.00 | $1,834,661.60 | ▲ $105.3k |
| Work in progress, drying and trim Post-harvest, pre-release | 628.9 kg | $1.27 | $798,600.00 | $799,416.00 | ▲ $816 |
| Bulk vault S8 secure storage, awaiting pack or bulk sale | 804.1 kg | $1.25 | $964,200.00 | $1,004,434.00 | ▲ $40.2k |
| Finished goods, packed Released and quarantined packed stock on site | 710.3 kg | $1.57 | $883,100.00 | $1,112,286.60 | ▲ $229.2k |
| Consignment at distributors Our stock, our balance sheet, until sell-through | 381.7 kg | $1.50 | $710,500.00 | $572,518.80 | ▼ $138.0k |
| Packaging and consumables Jars, labels, media, nutrients | - | - | $298,400.00 | $382,608.00 | ▲ $84.2k |
| Total stock on hand | 5.41 t | $5,384,200.00 | $5,705,925.00 | ▲ $321.7k |
Movement since the 30 June close
The bridge the wider group asks for: opening position, what went in, what went out, closing position. It ties to the cent.
- Opening stock. Q4 FY26 close, 30 Jun 2026 $5,384,200.00
- + Cultivation costs capitalised into the growing crop $629,571.27
- + Harvest, post-harvest, GMP, packaging & QC absorbed $574,825.94
- + Packaging & consumables purchased $164,235.99
- − Cost of goods sold. Direct sales dispatched $427,278.00
- − Cost of goods sold. Consignment sell-through rebilled $619,630.20
- Closing stock. 28 Jul 2026 $5,705,925.00
Cost of goods sold is taken from the actual absorbed cost of the lots on each dispatched order and each rebilled sell-through line. Not an average. Production costs are the balancing inflow, allocated to the pools they were absorbed into.
What a gram actually costs
$1.64/g standardThe standard the whole valuation is built on. Outdoor Sunflower stock carries a $0.90/g standard. It never sees the indoor power bill.
Actual vs standard, week by week
absorbed $/gEight weeks running under standard. $10.0k favourable across the released runs below.
Cost variance by manufacturing run
$10.0k total| Run | Cultivar | Released | Output | Standard $/g | Actual $/g | Variance $/g | Variance |
|---|---|---|---|---|---|---|---|
| MB-26-0405 | Amethyst | 22 Jul 2026 | 86.2 kg | $1.64 | $1.59 | $-0.05 | -$4.3k |
| MB-26-0404 | Garnet | 21 Jul 2026 | 12.9 kg | $1.64 | $1.61 | $-0.03 | -$387 |
| MB-26-0403 | Garnet | 17 Jul 2026 | 89.6 kg | $1.64 | $1.65 | +$0.01 | $896 |
| MB-26-0401 | Jade | 10 Jul 2026 | 88.9 kg | $1.64 | $1.69 | +$0.05 | $4.4k |
| MB-26-0400 | Tassie Midlands | 8 Jul 2026 | 105.6 kg | $1.64 | $1.63 | $-0.01 | -$1.1k |
| MB-26-0399 | Amethyst | 3 Jul 2026 | 87.7 kg | $1.64 | $1.66 | +$0.02 | $1.8k |
| MB-26-0398 | Royale | 1 Jul 2026 | 62.8 kg | $1.64 | $1.68 | +$0.04 | $2.5k |
| MB-26-0397 | Opal | 26 Jun 2026 | 88.2 kg | $1.64 | $1.71 | +$0.07 | $6.2k |
Value by cultivar
- Amethyst $930.4k · 898.8 kg
- Opal $903.2k · 895.0 kg
- Garnet $748.0k · 785.3 kg
- Jade $709.6k · 764.7 kg
- Tassie Highlands $682.3k · 718.1 kg
- Tassie Midlands $570.5k · 576.8 kg
- Royale $456.8k · 445.4 kg
- Hindu Kush $176.4k · 166.8 kg
- Sunflower Royale $92.1k · 102.3 kg
- Sunflower Opal $54.1k · 60.1 kg
Valuation notes for the group
The judgement calls behind the number, stated rather than buried.
-
Rejected stock still carried at cost. $73,636.00
L26-0506 failed TGO 93 microbial testing. Carried at absorbed cost pending destruction approval; a full provision is recommended at the next close.
-
Stock on hold. $41,088.00
B26-0409 held pending the outcome of DEV-26-0071. No write-down taken; recoverable if the investigation clears it.
-
Growing crop measured at cost. $1,834,661.60
AASB 141 permits cost as an approximation of fair value where little biological transformation has occurred since inception and market price is not reliably measurable pre-harvest. Restated to fair value at harvest.
-
Consignment stock stays on our balance sheet. $572,518.80
Control does not pass to the distributor on placement. Revenue and the matching cost of sales are recognised on the monthly sell-through report. See Distributors.
-
Packaging & consumables. $382,608.00
Held at weighted-average purchase cost. No obsolescence provision required this period.