Trees (CANN) 10-Q11 Aug 212021 Q2 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	Jun. 30, 2021	Aug. 09, 2021
Document And Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
Document Transition Report	false
Entity File Number	000-54457
Entity Registrant Name	GENERAL CANNABIS CORP
Entity Incorporation, State or Country Code	CO
Entity Tax Identification Number	90-1072649
Entity Address, Address Line One	6565 East Evans Avenue
Entity Address, City or Town	Denver
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80224
City Area Code	303
Local Phone Number	759-1300
Title of 12(b) Security	N/A
Security Exchange Name	NONE
Trading Symbol	N/A
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		62,299,419
Entity Central Index Key	0001477009
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents	$ 2,307,604	$ 750,218
Accounts receivable, net of allowance of $30,000 and $9,000, respectively	178,784	140,605
Current portion of notes receivable, net of allowance of nil and $125,000, respectively		350,000
Inventories, net	590,983	371,799
Prepaid expenses and other current assets	198,176	225,122
Assets of discontinued operations - current portion	284,700	712,010
Total current assets	3,560,247	2,549,754
Right-of-use operating lease asset	1,816,632	1,836,455
Property and equipment, net	642,769	411,525
Investment, held for sale		208,761
Intangible assets, net	887,500	984,375
Goodwill	2,484,200	2,484,200
Assets of discontinued operations	35,178	43,697
Total assets	9,426,526	8,518,767
Current liabilities
Accounts payable and accrued expenses	856,093	1,344,269
Interest payable	296,207	16,790
Operating lease liability, current	376,362	370,800
Accrued stock payable	60,900	94,861
Warrant derivative liability	134,234	561,368
Liabilities of discontinued operations	138,461	742,064
Total current liabilities	1,862,257	3,130,152
Operating lease liability, non-current	1,495,394	1,499,280
Long-term notes payable (net of discount)	4,272,858	2,598,965
Related party long-term notes payable (net of discount)	280,137	289,579
Total liabilities	7,910,646	7,517,976
Commitments and contingencies (Note 9)
Stockholders' equity
Preferred stock, no par value; 5,000,000 shares authorized; no shares issued and outstanding, respectively
Common stock, $0.001 par value; 200,000,000 shares authorized; 62,266,275 shares and 60,813,673 shares issued and outstanding, respectively	62,264	60,813
Additional paid-in capital	80,140,373	75,891,414
Accumulated deficit	(78,686,757)	(74,951,436)
Total stockholders' equity	1,515,880	1,000,791
Total liabilities and stockholders' equity	$ 9,426,526	$ 8,518,767

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
CONDENSED CONSOLIDATED BALANCE SHEETS
Accounts receivable, net of allowance	$ 30,000	$ 9,000
Notes receivable, net of allowance	$ 0	$ 125,000
Preferred stock, par value (in dollars per share)	$ 0	$ 0
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	62,266,275	60,813,673
Common stock, shares outstanding	62,266,275	60,813,673

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		6 Months Ended
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenues	$ 698,608	$ 554,544	$ 1,362,413	$ 571,273
Costs and expenses
Cost of sales	511,426	281,243	1,066,631	281,243
Selling, general and administrative	582,059	862,029	1,180,750	1,713,265
Stock-based compensation	(41,648)	434,365	62,284	1,006,939
Professional fees	353,833	508,991	616,148	1,106,027
Depreciation and amortization	72,788	21,097	190,469	49,201
Total costs and expenses	1,478,458	2,107,725	3,116,282	4,156,675
Operating loss	(779,850)	(1,553,181)	(1,753,869)	(3,585,402)
Other expenses (income)
Amortization of debt discount and equity issuance costs	185,460	72,516	253,790	138,837
Interest expense	190,627	103,672	293,683	274,720
Loss on extinguishment of debt		48,908		1,186,336
(Gain) loss on derivative liability	(102,761)	4,541	1,095,983	(1,371,079)
(Gain) loss on sale of assets		(82)	1,467	(139,187)
Total other expenses, net	273,326	229,555	1,644,923	89,627
Net loss from continuing operations before income taxes	(1,053,176)	(1,782,736)	(3,398,792)	(3,675,029)
Loss from discontinued operations	(323,077)	(117,636)	(336,529)	(239,522)
Loss from operations before income taxes	(1,376,253)	(1,900,372)	(3,735,321)	(3,914,551)
Provision for income taxes		40,535		40,535
Net loss	(1,376,253)	(1,940,907)	(3,735,321)	(3,955,086)
Deemed dividend		98,000		98,000
Net loss attributable to common stockholders	$ (1,376,253)	$ (2,038,907)	$ (3,735,321)	$ (4,053,086)
Per share data - basic and diluted
Net loss from continuing operations per share	$ (0.02)	$ (0.04)	$ (0.05)	$ (0.09)
Net loss from discontinued operations per share	0	0	(0.01)	0
Net loss attributable to common stockholders per share	$ (0.02)	$ (0.04)	$ (0.06)	$ (0.09)
Weighted average number of common shares outstanding	62,183,748	46,013,634	61,972,553	42,841,140
Cultivation sales
Revenues	$ 698,608	$ 509,175	$ 1,347,941	$ 509,175
Interest
Revenues		$ 45,369	$ 14,472	$ 62,098

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Cash flows from operating activities
Net loss	$ (1,376,253)	$ (1,940,907)	$ (3,735,321)	$ (3,955,086)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of debt discount and equity issuance costs	185,460	72,516	253,790	138,837
Depreciation and amortization			198,988	65,409
Amortization of loan origination fees				(4,973)
Loss on extinguishment of debt		48,908		1,186,336
Non-cash lease expense			206,900	50,328
Bad debt expense			(21,163)	128,491
Loss on disposal of property and equipment			2,967	5,183
Loss (gain) on warrant derivative liability	(102,761)	4,541	1,095,983	(1,371,079)
Stock-based compensation			62,284	1,006,939
(Gain) loss on sale of assets		(82)	1,467	(139,187)
Changes in operating assets and liabilities, net of acquisitions
Accounts receivable			(175,676)	(344)
Prepaid expenses and other assets			529,224	107,115
Inventories			(219,184)	32,792
Accounts payable and accrued liabilities			(712,362)	(414,877)
Operating lease liabilities			(185,401)	(45,000)
Income taxes				40,535
Net cash used in operating activities:			(2,698,972)	(3,168,581)
Cash flows from investing activities
Purchase of property and equipment			(327,805)	(79,427)
Proceeds from sale of investment			208,761
Proceeds on notes receivable			433,393
Proceeds from sale of building				1,421,134
Net cash provided by investing activities			314,349	1,341,707
Cash flows from financing activities
Proceeds from the sale of common stock and warrants - accrued stock payable				2,185,000
Proceeds from the exercise of warrants				90,000
Proceeds from exercise of stock options			181,709
Proceeds from notes payable			3,960,000	1,500,000
Payments on notes payable			(200,000)	(975,000)
Net cash provided by financing activities			3,941,709	2,800,000
Net increase in cash and cash equivalents			1,557,086	973,126
Cash and cash equivalents, beginning of period			755,769	224,994	$ 224,994
Cash and cash equivalents, end of period	$ 2,312,855	$ 1,198,120	2,312,855	1,198,120	$ 755,769
Supplemental schedule of cash flow information
Cash paid for interest			14,266	273,167
Non-cash investing & financing activities
Cashless warrant exercises			1,557,078	903,779
Beneficial conversion feature			1,110,039	233,500
Issuance of common stock to a consultant			100,000
Deemed dividend from 8.5% warrant repricing				98,000
Operating lease right-of-use asset/operating lease liability				2,721,069
Debt converted to equity				957,056
Issuance of common stock to an employee				100,000
Stock issued in connection with SevenFive Farm acquisition				2,861,495
10% Warrants
Non-cash investing & financing activities
Warrants recorded as a debt discount and additional paid-in capital			$ 1,239,300
15% Warrants
Non-cash investing & financing activities
Warrants recorded as a debt discount and additional paid-in capital				167,163
Warrants recorded as a loss on extinguishment of debt and additional paid-in capital				$ 668,336

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical)	Jun. 30, 2021
10% Warrants
Interest rate (as a percent)	10.00%
15% Warrants
Interest rate (as a percent)	15.00%
8.5% Warrants
Interest rate (as a percent)	8.50%

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)	Common Stock	Additional Paid-in Capital10% Warrants	Additional Paid-in Capital15% Warrants	Additional Paid-in Capital	Accumulated Deficit	10% Warrants	15% Warrants	Total
Balance at the beginning of the year at Dec. 31, 2019	$ 39,498			$ 61,468,034	$ (67,271,744)			$ (5,764,212)
Balance at the beginning of the year (in Shares) at Dec. 31, 2019	39,497,480
Warrants exercised	$ 200			172,041				172,241
Warrants exercised (in shares)	200,000
Common stock issued upon conversion of debt	$ 2,215			954,841				957,056
Common stock issued upon conversion of debt (in shares)	2,215,892
Beneficial conversion feature				233,500				233,500
Cashless exercise of warrants	$ 374			821,164				821,538
Cashless exercise of warrants (in shares)	373,340
Sale of common stock, net of issuance costs	$ 43			99,957				100,000
Sale of common stock, net of issuance costs (in shares)	42,735
Common stock issued for acquisition of SevenFive Farms	$ 8,859			1,894,522				1,903,381
Common stock issued for acquisition of SevenFive Farms (in shares)	8,859,117
Warrants issued with Notes			$ 835,499				$ 835,499
Stock-based compensation				926,698				926,698
Net loss					(3,955,086)			(3,955,086)
Balance at the end of the year at Jun. 30, 2020	$ 51,189			67,406,256	(71,226,830)			(3,769,385)
Balance at the end of the year(in Shares) at Jun. 30, 2020	51,188,564
Balance at the beginning of the year at Mar. 31, 2020	$ 40,282			63,550,821	(69,285,923)			(5,694,820)
Balance at the beginning of the year (in Shares) at Mar. 31, 2020	40,281,881
Common stock issued upon conversion of debt	$ 1,674			705,382				707,056
Common stock issued upon conversion of debt (in shares)	1,674,226
Cashless exercise of warrants	$ 374			821,164				821,538
Cashless exercise of warrants (in shares)	373,340
Common stock issued for acquisition of SevenFive Farms	$ 8,859			1,894,522				1,903,381
Common stock issued for acquisition of SevenFive Farms (in shares)	8,859,117
Stock-based compensation				434,367				434,367
Net loss					(1,940,907)			(1,940,907)
Balance at the end of the year at Jun. 30, 2020	$ 51,189			67,406,256	(71,226,830)			(3,769,385)
Balance at the end of the year(in Shares) at Jun. 30, 2020	51,188,564
Balance at the beginning of the year at Dec. 31, 2020	$ 60,813			75,891,414	(74,951,436)			1,000,791
Balance at the beginning of the year (in Shares) at Dec. 31, 2020	60,813,673
Common stock issued to a consultant	$ 112			99,888				100,000
Common stock issued to a consultant (in Shares)	112,359
Common stock issued upon exercise of stock options	$ 334			181,375				$ 181,709
Common stock issued upon exercise of stock options (in shares)	333,620							333,620
Warrants issued with Notes		$ 1,239,300				$ 1,239,300
Beneficial conversion feature				1,110,039				$ 1,110,039
Cashless exercise of warrants	$ 1,005			1,556,073				1,557,078
Cashless exercise of warrants (in shares)	1,006,623
Stock-based compensation				62,284				62,284
Net loss					(3,735,321)			(3,735,321)
Balance at the end of the year at Jun. 30, 2021	$ 62,264			80,140,373	(78,686,757)			1,515,880
Balance at the end of the year(in Shares) at Jun. 30, 2021	62,266,275
Balance at the beginning of the year at Mar. 31, 2021	$ 62,144			78,632,934	(77,310,504)			1,384,574
Balance at the beginning of the year (in Shares) at Mar. 31, 2021	62,146,515
Common stock issued upon exercise of stock options	$ 120			46,587				46,707
Common stock issued upon exercise of stock options (in shares)	119,760
Beneficial conversion feature				692,500				692,500
Warrants issued with Notes		$ 810,000				$ 810,000
Stock-based compensation				(41,648)				(41,648)
Net loss					(1,376,253)			(1,376,253)
Balance at the end of the year at Jun. 30, 2021	$ 62,264			$ 80,140,373	$ (78,686,757)			$ 1,515,880
Balance at the end of the year(in Shares) at Jun. 30, 2021	62,266,275

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) (Parenthetical)	Jun. 30, 2021	Apr. 20, 2021	Feb. 08, 2021	Dec. 31, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
10% Warrants
Interest rate (as a percent)	10.00%	10.00%	10.00%	10.00%
15% Warrants
Interest rate (as a percent)	15.00%				15.00%	15.00%	15.00%

NATURE OF OPERATIONS, HISTORY A

NATURE OF OPERATIONS, HISTORY AND PRESENTATION	6 Months Ended
NATURE OF OPERATIONS, HISTORY AND PRESENTATION	Jun. 30, 2021
NATURE OF OPERATIONS, HISTORY AND PRESENTATION
NATURE OF OPERATIONS, HISTORY AND PRESENTATION	NOTE 1. NATURE OF OPERATIONS, HISTORY AND PRESENTATION Nature of Operations General Cannabis Corp, a Colorado Corporation (the “Company,” “we,” “us,” or “our,”) (formerly, Advanced Cannabis Solutions, Inc.), was incorporated on June 3, 2013, and provides services and products to the regulated cannabis industry. We currently trade on the OTCQB® Market under the trading symbol CANN. As of June 30, 2021, our operations are segregated into the following segments: Cultivation (“Cultivation Segment”) Through our acquisition of SevenFive Farm ("SevenFive") in May 2020, we operate a 17,000 square foot licensed light deprivation greenhouse cultivation facility. During the three and six months ended June 30, 2021, 11% of SevenFive’s revenue was with one customer. Discontinued Operations - Operations Consulting and Products (“Operations Segment”) Through Next Big Crop (“NBC”), we deliver comprehensive consulting services to the cannabis industry that include obtaining licenses, compliance, cultivation, retail operations, logistical support, facility design and construction, and expansion of existing operations. NBC oversees our wholesale equipment and supply business, operated under the name “GC Supply,” which provides turnkey sourcing and stocking services to cultivation, retail and infused products manufacturing facilities. Our products include building materials, equipment, consumables and compliance packaging. There are generally multiple suppliers for the products we sell; however, there are a limited number of manufacturers of certain high-tech cultivation equipment. NBC also provides operational support for our internal cultivation. In June 2021, we began talks with an individual to begin the sale of NBC. On July 16, 2021, we entered into an Asset Purchase Agreement with this individual to sell substantially all of the assets of NBC for a total of Basis of Presentation The accompanying condensed consolidated financial statements include all accounts of the Company and its wholly-owned subsidiaries. All inter-company accounts and transactions have been eliminated in consolidation. These unaudited condensed consolidated financial statements have been prepared following the requirements of the Securities and Exchange Commission for interim reporting. As permitted under those rules, certain footnotes and other financial information that are normally required by accounting principles generally accepted in the United States of America ("U.S. GAAP") can be condensed or omitted. The condensed consolidated balance sheet for the year ended December 31, 2020 was derived from audited financial statements but does not include all disclosures required by U.S. GAAP. The information included in this quarterly report on Form 10-Q should be read in conjunction with the consolidated financial statements and notes thereto of the Company for the year ended December 31, 2020 which were included in the annual report on Form 10-K filed by the Company on April 1, 2021. In the opinion of management, these condensed consolidated financial statements have been prepared on the same basis as the annual consolidated financial statements and notes thereto of the Company and include all adjustments, consisting only of normal recurring adjustments, considered necessary for the fair presentation of the Company's financial position and operating results. The results for the three and six months ended June 30, 2021 are not necessarily indicative of the operating results for the year ending December 31, 2021, or any other interim or future periods. Since the date of the Annual Report, there have been no material changes to the Company’s significant accounting policies. Reclassifications Certain prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on the reported results of operations. Use of Estimates The preparation of our condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. Although these estimates are based on our knowledge of current events and actions we may undertake in the future, actual results may ultimately differ from these estimates and assumptions. Furthermore, when testing assets for impairment in future periods, if management uses different assumptions or if different conditions occur, impairment charges may result. In particular, the COVID-19 pandemic has adversely impacted and is likely to further adversely impact the Company's business and markets. The full extent to which the COVID-19 pandemic will directly or indirectly impact the Company's business, results of operations and financial condition, including revenues, expenses, reserves and allowances, fair value measurements and asset impairment charges, will depend on future developments that are highly uncertain and difficult to predict. These developments include, but are not limited to, the duration and spread of the pandemic, its severity in our markets and elsewhere, governmental actions to contain the spread of the pandemic and respond to the reduction in global economic activity, and how quickly and to what extent normal economic and operating conditions can resume. Discontinued Operations In June 2021, we began talks with an individual to begin the sale of NBC. On July 16, 2021, we entered into an Asset Purchase Agreement with this individual to sell substantially all of the assets of NBC for a total of from the closing. On August 2, 2021, the sale of NBC was completed. The cash flows related to discontinued operations have not been segregated and are included in the consolidated statements of cash flows. As of June 30, 2021, and December 31, 2020, there are On January 1, 2021, we discontinued our investments segment. As this is not a materially significant segment, we have not shown the effects of the discontinued segment in the financial statements. On December 26, 2019, the board of directors and management made the strategic decision to discontinue the operations for both the Security Segment and the Consumer Goods Segment. The assets and liabilities classified as discontinued operations for the Security Segment and Consumer Goods Segment are presented separately in the balance sheet and the operating results. The cash flows related to discontinued operations have not been segregated and are included in the consolidated statements of cash flows. Going Concern The Company incurred net losses of $1.4 million and $3.7 million in three and six months ended June 30, 2021, respectively, and $1.9 million and $4.0 million for the three and six months ended June 30 2020, respectively, and had an accumulated deficit of $78.7 million as of June 30, 2021. The Company had cash and cash equivalents of $2.3 million and $0.8 million as of June 30, 2021 and December 31, 2020, respectively. The accompanying consolidated financial statements have been prepared on the basis of continuity of operations, realization of assets, and the satisfaction of liabilities and commitments in the ordinary course of business. The Company has incurred recurring losses and negative cash flows from operations since inception and has primarily funded its operations with proceeds from the issuance of convertible debt. The Company expects its operating losses to continue into the foreseeable future as it continues to execute its acquisition and growth strategy. The Company believes that its cash and cash equivalents as of June 30, 2021 will be sufficient to fund its operating expenses and capital expenditure requirements for at least twelve months from the date of filing this Quarterly Report on Form 10-Q due to the receipt of an additional $2.3 million of cash in April 2021 from the issuance of a convertible note offering and the pending acquisition of three dispensaries (See Note 13 for further information). The Company may need additional funding to support its planned investing activities. If the Company is unable to obtain additional funding, it would be forced to delay, reduce or eliminate some or all of its acquisition efforts, which could adversely affect its business prospects. Summary of Significant Accounting Policies See our Annual Report on Form 10-K for the year ended December 31, 2020, for discussion of the Company's significant accounting policies. Recently Issued Accounting Standards FASB ASU 2020-06 – “Debt-Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging-Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity”- In June 2020, the Financial Accounting Standards Board (“FASB”) issued guidance which simplifies accounting for convertible instruments by removing major separation models required under current GAAP. Accounting Standards Updates (“ASU”) also removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception and simplifies the diluted earnings per share calculation in certain areas. The amendments in this ASU are effective for annual and interim periods beginning after December 15, 2021, although early adoption is permitted. We are in the process of evaluating the impact of this new guidance on our consolidated financial statements. FASB ASU 2019-12 – “Income Taxes (Topic 740)”

BUSINESS ACQUISITION

BUSINESS ACQUISITION	6 Months Ended
BUSINESS ACQUISITION	Jun. 30, 2021
BUSINESS ACQUISITION
BUSINESS ACQUISITION	NOTE 2. BUSINESS ACQUISITION On May 13, 2020, we received approval of the transaction and transfer of the Dalton Adventures, LLC (“Seller”) license from the Colorado Marijuana Enforcement Division. On May 25, 2020, we finalized the acquisition, pursuant to which we acquired the assets of the Seller that constitute the business of SevenFive Farm, a cultivation facility in Boulder, Colorado, whereby we acquired fixed assets, inventory, a cultivation license and the tradename. The purchase price paid by the Company to the Seller was 8,859,117 shares of common stock. The closing price of General Cannabis Corp’s common stock on May 13, 2020, the date of license transfer, was $0.38 per share, as such, fair value of consideration is $3,808,951. The purchase agreement had a provision whereby the Seller may require us to repurchase in cash 25% of the shares issued to the owner of Dalton Adventures, LLC at a repurchase price equal to the same volume weighted average price used to determine the number of shares issued to the owner of Dalton Adventures, LLC at closing. As a result, we recorded a liability using Black-Scholes in the amount of $442,487 and reduced additional paid-in capital. In December 2020, the Seller waived his right to this provision in the purchase agreement and no longer has the possibility of the buyback of the shares. Therefore, no stock put liability is recorded as of December 31, 2020 and the liability was reversed into equity. We completed the allocation of the purchase price in the first quarter of 2021. The table below reflects the Company’s estimates of the acquisition date fair values of the assets acquired: Inventories $ 185,261 Fixed assets 89,490 Tradename 1,050,000 Goodwill 2,484,200 $ 3,808,951 The accompanying condensed consolidated financial statements include the results of SevenFive from the date of acquisition for financial reporting purposes, May 13, 2020. The pro forma effects of the acquisition on the results of operations as if the transaction had been completed on January 1, 2020, are as follows: Three months ended Six months ended June 30, June 30, 2020 2020 Total revenues $ 860,729 $ 1,525,501 Net loss attributable to common stockholders $ (2,016,845) $ (3,875,288) Net loss per common share: $ (0.04) $ (0.09) Weighted average number of basic and diluted common shares outstanding 46,013,634 42,841,140 The unaudited proforma results of operations are presented for information purposes only. The unaudited pro-forma results are not intended to present actual results that would have been attained had the acquisition been completed as of January 1, 2020, or to project potential operating results as of any future date or for any future periods.

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	6 Months Ended
DISCONTINUED OPERATIONS	Jun. 30, 2021
DISCONTINUED OPERATIONS.
DISCONTINUED OPERATIONS	NOTE 3. DISCONTINUED OPERATIONS In June 2021, we began talks with an individual to begin the sale of NBC. On July 16, 2021, we entered into an Asset Purchase Agreement with this individual to sell substantially all of the assets of NBC for a total of Assets and liabilities of discontinued operations for the Operations Segment included the following: June 30, December 31, 2021 2020 Accounts receivable, net $ 262,453 $ 187,185 Prepaid expenses and other current assets 16,996 519,274 Current assets discontinued operations 279,449 706,459 Property and equipment, net 35,178 43,697 Noncurrent assets discontinued operations 35,178 43,697 Accounts payable and accrued expenses 34,187 169,492 Customer deposits 51,146 517,931 Current liabilities discontinued operations $ 85,333 $ 687,423 A summary of the discontinued operations for the Operations Segment is presented as follows: Three months ended Six months ended June 30, June 30, 2021 2020 2021 2020 Product revenues $ 53,865 $ 1,127,417 $ 614,301 $ 2,466,490 Service revenues 96,129 54,364 519,878 362,750 Total revenues 149,994 1,181,781 1,134,179 2,829,240 Cost of sales 286,663 1,030,461 1,127,555 2,454,441 Selling, general and administrative 177,947 264,659 329,833 453,357 Professional fees 4,202 5,670 4,801 5,670 Depreciation and amortization 4,259 3,860 8,519 7,669 Total costs and expenses 473,071 1,304,650 1,470,708 2,921,137 Loss from discontinued operations $ (323,077) $ (122,869) $ (336,529) $ (91,897) The condensed consolidated statement of operations include 2019 discontinued operations gain of $5,233 and loss of $147,625 for the three and six months ended June 30, 2020, respectively, and are not reflected in the above table. The cash flows related to discontinued operations have not been segregated and are included in the consolidated statements of cash flows. The following table provides selected information on cash flows related to discontinued operations for the Operations Segment for the six months ended June 30, 2021 and 2020. Six months ended June 30, 2021 2020 Accounts receivables $ (75,268) $ 10,350 Prepaid expenses and other current assets 502,278 100,884 Depreciation and amortization 8,519 7,669 Capital expenditures — (3,011) Accounts payable and accrued expenses (135,305) (6,292) Customer deposits (466,785) (223,022)

INVENTORIES, NET

INVENTORIES, NET	6 Months Ended
INVENTORIES, NET	Jun. 30, 2021
INVENTORIES, NET
INVENTORIES, NET	NOTE 4. INVENTORIES, NET Our inventories consisted of the following: June 30, December 31, 2021 2020 Raw materials $ 47,183 $ 8,137 Work-in-progress and finished goods 543,800 363,662 Less: Inventory reserves — — Inventories, net $ 590,983 $ 371,799

LEASES

LEASES	6 Months Ended
LEASES	Jun. 30, 2021
LEASES
LEASES	NOTE 5. LEASES On May 13, 2020, we entered into a commercial real estate lease with a related party (see Note 11) for 17,000 square feet of greenhouse space in Boulder, CO, with an initial term of five years and, at our option, two additional terms of five years each. Rent is $30,900 per month with 1.5% annual escalations. We also pay our portion of real estate taxes. In December 2020, we amended the lease to include a 3% rent escalation in 2021 and 2022. No other changes to the lease were made. We accounted for the amendment as a lease modification and remeasured the lease with an incremental borrowing rate of liability lease liability , respectively. Future remaining minimum lease payments were as follows: Year ending December 31, Amount 2021 (remaining six months) $ 185,400 2022 381,924 2023 387,653 2024 393,468 2025 399,370 Thereafter 4,048,779 Total 5,796,594 Less: Present value adjustment (3,924,838) Operating lease liability $ 1,871,756

ACCRUED STOCK PAYABLE

ACCRUED STOCK PAYABLE	6 Months Ended
ACCRUED STOCK PAYABLE	Jun. 30, 2021
ACCRUED STOCK PAYABLE
ACCRUED STOCK PAYABLE	NOTE 6. The following tables summarize the changes in accrued common stock payable: Number of Amount Shares Balance as of December 31, 2020 $ 94,861 359,415 Stock issued (33,961) (259,415) Balance as of June 30, 2021 $ 60,900 100,000 In December 2020, several warrant holders exercised their 2020 A warrants through cashless exercises and we issued 282,213 shares of common stock. 259,415 of those shares issued had not been transferred to the warrant holders as of December 31, 2020 and were included in accrued stock. During January 2021 all shares were issued. See Note 8 for further details of the cashless exercises.

NOTES PAYABLE

NOTES PAYABLE	6 Months Ended
NOTES PAYABLE	Jun. 30, 2021
NOTES PAYABLE.
NOTES PAYABLE	NOTE 7. NOTES PAYABLE Our notes payable consisted of the following: June 30, December 31, 2021 2020 2020 10% Notes $ 6,580,000 $ 2,600,000 2019 15% Notes — 200,000 Related party note payable 320,000 340,000 Unamortized debt discount (2,347,005) (251,456) 4,552,995 2,888,544 Less: Current portion — — Long-term portion $ 4,552,995 $ 2,888,544 10% Notes In December 2020, we entered into a Securities Purchase Agreement (the “Securities Purchase Agreement’) with certain accredited investors (the “10% Investors”), pursuant to which we issued and sold senior convertible promissory notes (the “10% Notes”) with an aggregate principal amount of $2,940,000 in exchange for payment to us by certain 10% Investors of an aggregate amount of $1,940,000 in cash, as well as cancellation of outstanding indebtedness of the 15% Notes (defined below) in the aggregate amount of $1,000,000 . In connection with the issuance of the per share. In the aggregate, this equals shares of our common stock. The and will mature on December 23, 2023. The per share. The The relative fair value of the new funding on the 10% Warrants was recorded as a debt discount and additional paid-in capital of $254,400. The relative fair value of the cancellation of the outstanding indebtedness was recorded as an extinguishment of debt and additional paid-in capital of $131,000. We recorded amortization of debt discount expense from the 10% Notes of $21,630 and $0 for the three months ended June 30, 2021 and 2020, respectively, and $43,023 and nil during the six months ended June 30, 2021 and 2020, respectively. We determined there was Notes issued in December 2020. The For purposes of determining the debt discount, the underlying assumptions used in the binomial lattice model to determine the fair value of the 10% Warrants as of December 23, 2020, were: Current stock price $ 0.53 Exercise price $ 0.56 Risk-free interest rate 0.38 % Expected dividend yield — Expected term (in years) 5.0 Expected volatility 115% On February 8, 2021, we entered into a Securities Purchase Agreement with an accredited 10% Investor, pursuant to which we issued and sold 10% Notes with an aggregate principal amount of $1,660,000 to such 10% Investor. The 10% Notes are part of an over-allotment option exercised by us in connection with the convertible note offering consummated on December 23, 2020, as discussed above. In connection with the issuance of the 10% Notes, the holder received warrants to purchase shares of our common stock equal to 20% coverage of the aggregate principal amount at $0.56 per share. In the aggregate, this equals 592,858 shares of our common stock with a par value $0.001 per share. The at a variable price of 80% of the market price but no less than $0.65 per share and no more than $1.00 per share. The relative fair value of the new funding on the 10% Warrants was recorded as a debt discount and additional paid-in capital of $429,300 . We determined that this as additional paid in capital and a debt discount and included in our consolidated statement of operations. We recorded amortization of debt discount expense from the For purposes of determining the debt discount, the underlying assumptions used in the binomial lattice model to determine the fair value of the 10% Warrants as of February 8, 2021, were: Current stock price $ 1.12 Exercise price $ 0.56 Risk-free interest rate 0.48 % Expected dividend yield — Expected term (in years) 5.0 Expected volatility 118% On April 20, 2021, we entered into a Securities Purchase Agreement with accredited 10% Investors, pursuant to which we issued and sold 10% Notes with an aggregate principal amount of $2,300,000 to such 10 % Investors. The 10% Notes are part of an over-allotment approved by the existing noteholders in connection with the original convertible note offering of $4,600,000 consummated on December 23, 2020 and February 8, 2021. In connection with the issuance of the 10% Notes, each holder received warrants to purchase shares of our common stock equal to 20% coverage of the aggregate principal amount at $0.56 per share, except that the warrants coverage to one Investor acting as lead investor in the raise received approximately 35.5 % of the aggregate principal amount invested. The 10% Notes bear interest at an annual rate of 10 % and will mature on April 20, 2024. The 10% Investors have the option to convert up to 50% of the outstanding unpaid principal and accrued interest of the 10% Notes into Common Stock at a variable price of 80% of the market price but no less than $0.65 per share and no more than $1.00 per share. The 10% Warrants are exercisable at an exercise price of $0.56 per warrant. The relative fair value of the new funding on the 10% Warrants was recorded as a debt discount and additional paid-in capital of $810,000 . We determined that these as additional paid in capital and a debt discount and included in our consolidated statement of operations. We recorded amortization of debt discount expense from the For purposes of determining the debt discount, the underlying assumptions used in the binomial lattice model to determine the fair value of the 10% Warrants as of April 20, 2021, were: Current stock price $ 0.83 Exercise price $ 0.56 Risk-free interest rate 1% Expected dividend yield — Expected term (in years) 5.0 Expected volatility 115% 15% Notes In December 2019, we completed a private placement with certain accredited investors pursuant to an unsecured promissory note (the “15% Notes”) with an aggregate principal amount of $300,000. In February and March 2020, we completed private placements with certain accredited investors, including some holders of our 2019 12% Notes (as defined below), of 15% Notes with an aggregate principal amount of $2,031,000 in exchange for $525,000 of new funding and the cancellation of $1,506,000 aggregate principal amount of the 2019 12% Notes. The 15% Notes have an annual interest rate of 15% and matured on January 31, 2021. $1.0 million of the 15% Notes were exchanged for the 10% Notes (see above), $2.1 million was paid in full in December 2020 and the remaining $200,000 was paid in full in the first quarter 2021. The 15% Notes provide that they shall be repaid in full out of the proceeds of any new debt or equity capital raise with net proceeds of more than $5,000,000. In connection with the issuance of the 15% Notes, each holder of 15% Notes received three warrants (i.e., a 2020 A Warrant, a 2020 B Warrant and a 2020 C Warrant) to acquire shares of common stock at an exercise price equal to $0.45 per share, with the number of shares subject to each warrant equal to one share for each $1.00 of principal amount of 15% Notes issued to the noteholder. The 2020 A Warrants had an expiration date of December 31, 2020, the 2020 B Warrants have an expiration date of December 31, 2021, and the 2020 C Warrants have an expiration date of December 31, 2022 (collectively, the “15% Warrants”). By way of example, if an investor was issued a 15% Note with a principal amount of $250,000, such noteholder would receive a 2020 A Warrant to purchase 250,000 shares of common stock, a 2020 B Warrant to purchase 250,000 shares of common stock and a 2020 C Warrant to purchase 250,000 shares of common stock. Accordingly, the Company issued 15% Warrants to purchase a total of 6,993,000 shares of common stock to the holders of 15% Notes. The exercise price of these warrants is subject to adjustment as a result of certain future equity issuances of securities by the Company at a price below the then-effective exercise price of the 15% Warrants. As a result of such subsequent issuances of securities by the Company during the second quarter of 2020, the exercise price of the 15% Warrants had decreased to $0.3983 per share. As of June 30, 2021, the warrant holders exercised shares of our common stock through cashless exercise. We received $300,000 of cash in December 2019 and an additional $525,000 of cash January 2020 through March 2020 for issuing the 15% Notes. The relative fair value of the new funding on the 15% Warrants was recorded as a debt discount and additional paid-in capital of $333,056. The relative fair value of the cancellation of the outstanding indebtedness was recorded as an extinguishment of debt and additional paid-in capital of $668,335. We recorded amortization of debt discount expense from the 15% Notes of nil and $72,516 for the three months ended June 30, 2021 and 2020, respectively, and nil and $138,837 during the six months ended June 30, 2021 and 2020, respectively. The For purposes of determining the debt discount, the underlying assumptions used in the binomial lattice model to determine the fair value of the 15% Warrants as of March 2020 were: Current stock price $ 0.45 - 0.67 Exercise price $ 0.45 Risk-free interest rate 0.68 - 1.62 % Expected dividend yield — Expected term (in years) 0.83 - 3.06 Expected volatility 112 - 119 %

WARRANT DERIVATIVE LIABILITY

WARRANT DERIVATIVE LIABILITY	6 Months Ended
WARRANT DERIVATIVE LIABILITY	Jun. 30, 2021
WARRANT DERIVATIVE LIABILITY.
WARRANT DERIVATIVE LIABILITY	NOTE 8. WARRANT DERIVATIVE LIABILITY On May 31, 2019 we received gross proceeds of $3 million by issuing three million shares of our common stock and three million warrants (“2019 Warrants”) to purchase shares of our common stock (“2019 Units”) in a registered direct offering for $1.00 per 2019 Unit (collectively defined as the “2019 Capital Raise”). The 2019 Warrants, issued with the 2019 Capital Raise, are accounted for as a derivative liability. The 2019 Warrant agreements contain a cash settlement provision whereby the holders could settle the warrants for cash based on the Black-Scholes value, upon certain fundamental transactions, as defined in the 2019 Warrant agreement, that are considered outside of the control of management, such as a change of control. The original exercise price of the 2019 Warrants was $1.30 per share. The 2019 Warrants contain certain anti-dilution adjustment provisions with respect to subsequent issuances of securities by the Company at a price below the exercise price of such warrants. As a result of such subsequent issuances of securities by the Company during the fourth quarter 2019, the exercise price of the 2019 Warrants decreased to $0.45 per share and the number of shares subject to the 2019 Warrants increased to 8,666,666 shares of common stock as of December 31, 2019. In May 2020, we issued securities at a price lower than the $0.45 per share above. As a result, the exercise price of the 2019 Warrants decreased to $0.3983 per share and the number of shares subject to the 2019 Warrants increased to 9,591,614 shares of common stock. During the first quarter of 2021 the warrant holders exercised 1,323,000 warrants into 747,208 shares of our common stock through cashless exercise. We booked an adjustment to the derivative liability of as a result. As of June 30, 2021, there were The following are the key assumptions that were used to determine the fair value of the 2019 Warrants May 31, December 31, June 30, 2019 2020 2021 Number of shares underlying the warrants 3,000,000 1,645,807 322,807 Fair market value of stock $ 0.95 $ 0.48 $ 0.59 Exercise price $ 1.30 $ 0.3983 $ 0.3983 Volatility 133 % 108 % 105 % Risk-free interest rate 1.93 % 0.36 % 0.87 % Warrant life (years) 5.00 3.41 2.92 The following table sets forth a summary of the changes in the fair value of the warrant derivative liability, our Level 3 financial liabilities that are measured at fair value on a recurring basis: Six months ended June 30, 2021 2020 Beginning balance $ 561,368 $ 4,620,593 Warrant exercise (1,523,117) (82,241) Change in fair value of warrants derivative liability 1,095,983 (1,375,619) Ending balance $ 134,234 $ 3,162,733

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
COMMITMENTS AND CONTINGENCIES	Jun. 30, 2021
COMMITMENTS AND CONTINGENCIES.
COMMITMENTS AND CONTINGENCIES	NOTE 9. COMMITMENTS AND CONTINGENCIES In June 2020, Michael Feinsod resigned as our Executive Chairman, claiming that his resignation was for "Good Reason" under the terms of his employment agreement. If it is ultimately determined that his resignation was, in fact, for "Good Reason", rather than a voluntary act absent "Good Reason", it could enable certain potential claims for benefits under his employment agreement, including potential claims for severance, for the vesting of his unvested options and/or for the extension of the term within which he can exercise his options in the future. Having reviewed the matter, however, we do not believe that Mr. Feinsod's resignation was for "Good Reason". Accordingly, we believe that Mr. Feinsod's resignation was voluntary, and that any such potential claims, if asserted, would be without foundation. Although the outcome of legal proceedings is subject to uncertainty, the Company will vigorously defend any future claims made by Mr. Feinsod alleging a "Good Reason" resignation. From time to time, the Company is a party to various litigation matters incidental to the conduct of its business. The Company is not presently a party to any legal proceedings that would have a material adverse effect on its business, operating results, financial condition or cash flows.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	6 Months Ended
STOCKHOLDERS' EQUITY	Jun. 30, 2021
STOCKHOLDERS' EQUITY
STOCKHOLDERS' EQUITY	NOTE 10. STOCKHOLDERS’ EQUITY 2020 Capital Raise On May 29, 2020, we entered into a subscription agreement, as amended with Hershey Strategic Capital, LP and Shore Ventures III, LP (collectively as the “Hershey Investor”) with respect to the sale of shares of common stock and warrants to purchase common stock (collectively, the “securities”). The sales of the securities to the Hershey Investor consists of a minimum of $2,185,000 of securities and a maximum of $3,000,000 of securities, as described further below. The purchase price of the securities at each closing is as follows: (i) the purchase price of each share of common stock is $0.3983 per share, and (ii) for each one dollar invested by the Hershey Investor, the Hershey Investor receives a warrant to purchase a number of shares of common stock equal to 75% of the number of shares of common stock purchased by the Hershey Investor at an exercise price per share equal to $0.5565. The warrants have a term of five years. During the year ended December 31, 2020, we sold $3,000,000 of securities to the Hershey Investor, representing 7,532,010 shares of common stock and warrants to purchase 5,649,007 shares of common stock at an exercise price of $0.5565 per share. The warrants were recorded as equity and equity issuance costs in the amount of $2,173,074. Notwithstanding the foregoing, none of the Hershey Investor warrants are exercisable if after giving effect to such exercise the Hershey Investor (together with affiliates) would own in excess of 9.99% (“Beneficial Ownership Limitation”) of the shares of issued and outstanding Common Stock of the Company. The Beneficial Ownership Limitation may be increased by the Hershey Investor upon not less than 61 days’ prior notice. The Hershey Subscription Agreement also provides the Hershey Investor with certain participation rights in future financings of the Company until the one-year anniversary of the second closing. The Hershey Subscription Agreement further provides that the Company shall, during a negotiation period ending October 4, 2020, endeavor to cause the existing holders of the promissory notes of the Company having an outstanding balance in the amount of approximately $2,331,000 as of June 1, 2020 that are due on or about January 31, 2021, to extend the maturity date of such notes to a date that is not earlier than January 31, 2022. As of October 4, 2020, $600,000 of the $2,331,000 outstanding notes had extended the maturity date. If, at the end of the negotiation period per the contract, all of the existing notes have not been amended to extend the maturity dates thereof, then the Company shall issue to the Hershey Investor additional warrants to purchase shares of common stock. Any such additional warrants will be for a number of shares of common stock based on the dollar amount of the outstanding balance of the existing notes that were not extended, with each one dollar of existing notes that were not extended representing one share subject to such additional warrant. The exercise price of any such additional warrants will be equal to 100% of the 30-day volume weighted average price of the Company’s common stock on the last day of the negotiation period, provided that such exercise price shall not be lower than $0.45 per share nor higher than $0.56 per share. The Hershey Investor extended the negotiation period to December 11, 2020. As of December 11, 2020, no existing holders had extended their promissory notes, therefore, we issued the Hershey Investor additional warrants in accordance with the agreement. On December 14, 2020 we issued an additional to the Hershey Investor. These warrants expire on December 11, 2025. The warrants were recorded as a deemed dividend in the amount of Stock-based compensation We use the fair value method to account for stock-based compensation. We recorded $(41,648) and $434,367 in compensation (income)/expense for the three months ended June 30, 2021 and 2020, respectively, and $62,284 and $926,698 , for the six months ended June 30, 2021 and 2020, respectively. This includes expense related to options issued in prior years for which the requisite service period for those options includes the current period as well as options issued in the current period. Forfeited options result in a reversal in the period forfeited. The fair value of these instruments was calculated using the Black-Scholes option pricing method. During the six months ended June 30, 2021 we granted options to purchase 983,000 common shares to employees and directors. The options expire five years from the date of grant and vest over a period of one year . Fair value of the awards at the date of grants totaled $594,080. The following summarizes Employee Awards activity: Weighted- Weighted- Average Average Remaining Number of Exercise Price Contractual Aggregate Shares per Share Term (in years) Intrinsic Value Outstanding as of December 31, 2020 7,266,420 $ 1.03 5.5 $ 167,000 Granted 983,000 0.91 Exercised (333,620) 0.54 Forfeited or expired (1,006,930) 3.95 Outstanding as of June 30, 2021 6,908,870 $ 1.07 5.3 $ 303,000 Exercisable as of June 30, 2021 5,613,490 $ 1.16 5.3 $ 153,000 As of June 30, 2021, there was approximately $393,391 of total unrecognized compensation expense related to unvested employee awards, which is expected to be recognized over a weighted-average period of eleven months .

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
RELATED PARTY TRANSACTIONS	Jun. 30, 2021
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	NOTE 11. RELATED PARTY TRANSACTIONS On June 3, 2020, the Company entered into a consulting agreement with Adam Hershey, Interim Chief Executive Officer, board member and investor, pursuant to which he would act as a strategic consultant for the Company, including providing assistance with the sourcing and evaluation of merger and acquisition deals, strategic capital and strategic partnerships or joint ventures. Mr. Hershey is paid an initial monthly rate of $8,333 for the services, subject to certain adjustments. We paid $24,999 and $8,333 for the three months ended June 30, 2021 and 2020, respectively, and $49,998 and $8,333 for the six months ended June 30, 2021 and 2020, respectively. We currently have a lease agreement with Dalton Adventures, LLC in which we rent 17,000 square feet of greenhouse space in Boulder, Colorado for $34,636 a month, of which $30,900 is base rent and $3,736 is property taxes. The owner of Dalton Adventures, LLC is a principal shareholder and board member of the Company. We incurred approximately $115,000 and $81,000 for the three months ended June 30, 2021 and 2020, respectively, and $230,000 and $81,000 for the six months ended June 30, 2021 and 2020. On December 23, 2020, our four current board members of the Company purchased senior convertible promissory notes from the Company for an aggregate amount of $320,000. A board member who resigned in May 2021 purchased $30,000 of the senior convertible promissory notes from the Company. These notes are included in the 10% Notes discussed in Note 7. Accrued interest earned and owed to the board members was $17,079 as of June 30, 2021.

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
SEGMENT INFORMATION	Jun. 30, 2021
SEGMENT INFORMATION
SEGMENT INFORMATION	NOTE 12. SEGMENT INFORMATION Our operations are organized into one segment: Cultivation. All revenue originates, and all assets are located in the United States. Segment information is presented in accordance with ASC 280, "Segments Reporting." Three months ended June 30 2021 Cultivation Eliminations Total Revenues $ 698,608 $ — $ 698,608 Costs and expenses (677,715) 6,094 (671,621) Segment operating income $ 20,893 $ 6,094 26,987 Corporate expenses (1,080,163) Net loss from continuing operations before income taxes $ (1,053,176) 2020 Cultivation Total Revenues $ 509,175 $ 509,175 Costs and expenses (456,661) (456,661) Segment operating income $ 52,514 52,514 Corporate expenses (1,835,250) Net loss from continuing operations before income taxes $ (1,782,736) Six months ended June 30 2021 Cultivation Eliminations Total Total revenues $ 1,347,941 $ — $ 1,347,941 Costs and expenses (1,475,423) 16,870 (1,458,553) Operating (loss) income $ (127,482) $ 16,870 (110,612) Corporate expenses (3,288,180) Net loss from continuing operations before income taxes $ (3,398,792) 2020 Cultivation Total Total revenues $ 509,175 $ 509,175 Costs and expenses (456,661) (456,661) Operating income $ 52,514 52,514 Corporate expenses (3,727,543) Net loss from continuing operations before income taxes $ (3,675,029) June 30, December 31, Total assets 2021 2020 Cultivation $ 6,720,738 $ 6,208,222 Corporate 2,422,760 1,567,021 Discontinued operations 319,878 755,707 Total assets - segments 9,463,376 8,530,950 Intercompany eliminations (36,850) (12,183) Total assets - consolidated $ 9,426,526 $ 8,518,767

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
SUBSEQUENT EVENTS	Jun. 30, 2021
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 13. SUBSEQUENT EVENTS On April 18, 2021, the Company, entered into an Agreement and Plan of Reorganization and Liquidation among the Company, Trees Acquisition Corp., a newly-formed indirect wholly-owned subsidiary of the Company (“Trees Acquisition”), and TDM, LLC and Station 2, LLC (“Colorado Sellers”), as well as a separate Agreement and Plan of Reorganization and Liquidation among the Company, Trees Acquisition, and Trees Waterfront, LLC, Trees MLK Inc. and Trees Portland, LLC (“Oregon Sellers” and collectively with the Colorado Sellers, the “Sellers”) (collectively, the “Plans”). The transaction will provide the Company with a foundational retail platform from which to expand growth. Pursuant to the Plans, the Company has agreed to purchase substantially all of the assets of each of the Colorado Sellers and Oregon Sellers (“Assets”). The Assets to be transferred to the Company by each of the Colorado Sellers and Oregon Sellers principally consist of the cannabis business licenses, inventory and intellectual property related to the Sellers’ cannabis dispensaries located in Englewood and Denver, Colorado and Portland, Oregon together with substantially all related assets. The Company is not assuming any liabilities of any of the Sellers. The Plan provides that the transaction qualifies as a tax-free reorganization pursuant to Section 368 of the Internal Revenue Code. The purchase price for the transaction consists of a cash payment of $2 million at closing and an additional $3 million in cash payable in equal monthly amounts of $125,000 for a period of 24 months from the closing. In addition, at the closing, the Company will issue to the Sellers 38,745,193 shares of the Company’s common stock. Closing of the transaction is subject to standard closing conditions, including regulatory approval of the transfer of the cannabis licenses by the applicable Colorado and Oregon cannabis regulatory authorities. The Plans allow for the separate closing dates for the Assets depending on regulatory approval. Therefore, the purchase price will be paid out pro-rata based on the closing dates of the Assets. On July 16, 2021, the Company, entered into an Asset Purchase Agreement (the “NBC Agreement”) with NBC Holdings LLC and Richard Cardinal (“NBC Buyer”) pursuant to which the Company has agreed to sell substantially all of the assets in its cultivation consulting business known as Next Big Crop (“NBC”) to the NBC Buyer. The Board of Directors approved the NBC Agreement in furtherance of its previously disclosed plan to identify and acquire licensed cannabis assets that will allow us to continue to generate cash and meet our financial commitments. The purchase price for the sale consists of a payment by the NBC Buyer of $75,000 payable upon signing, an additional $75,000 payable within one year of the closing, and ten percent (10%) of profits generated by the NBC Buyer in the states of Michigan, Mississippi and Massachusetts for a period of twelve months from the Closing. As part of the NBC Agreement, the Company shall transfer the trade name associated with NBC to the NBC Buyer and discontinued its Operations Consulting and Products Segment. Substantially all of the employees that performed services in NBC resigned from the Company as of the effective date of the NBC Agreement. On August 2, 2021, the sale of NBC was completed.

NATURE OF OPERATIONS, HISTORY_2

NATURE OF OPERATIONS, HISTORY AND PRESENTATION (Policies)	6 Months Ended
NATURE OF OPERATIONS, HISTORY AND PRESENTATION (Policies)	Jun. 30, 2021
NATURE OF OPERATIONS, HISTORY AND PRESENTATION
Nature of Operations	Nature of Operations General Cannabis Corp, a Colorado Corporation (the “Company,” “we,” “us,” or “our,”) (formerly, Advanced Cannabis Solutions, Inc.), was incorporated on June 3, 2013, and provides services and products to the regulated cannabis industry. We currently trade on the OTCQB® Market under the trading symbol CANN. As of June 30, 2021, our operations are segregated into the following segments: Cultivation (“Cultivation Segment”) Through our acquisition of SevenFive Farm ("SevenFive") in May 2020, we operate a 17,000 square foot licensed light deprivation greenhouse cultivation facility. During the three and six months ended June 30, 2021, 11% of SevenFive’s revenue was with one customer. Discontinued Operations - Operations Consulting and Products (“Operations Segment”) Through Next Big Crop (“NBC”), we deliver comprehensive consulting services to the cannabis industry that include obtaining licenses, compliance, cultivation, retail operations, logistical support, facility design and construction, and expansion of existing operations. NBC oversees our wholesale equipment and supply business, operated under the name “GC Supply,” which provides turnkey sourcing and stocking services to cultivation, retail and infused products manufacturing facilities. Our products include building materials, equipment, consumables and compliance packaging. There are generally multiple suppliers for the products we sell; however, there are a limited number of manufacturers of certain high-tech cultivation equipment. NBC also provides operational support for our internal cultivation. In June 2021, we began talks with an individual to begin the sale of NBC. On July 16, 2021, we entered into an Asset Purchase Agreement with this individual to sell substantially all of the assets of NBC for a total of
Basis of Presentation	Basis of Presentation The accompanying condensed consolidated financial statements include all accounts of the Company and its wholly-owned subsidiaries. All inter-company accounts and transactions have been eliminated in consolidation. These unaudited condensed consolidated financial statements have been prepared following the requirements of the Securities and Exchange Commission for interim reporting. As permitted under those rules, certain footnotes and other financial information that are normally required by accounting principles generally accepted in the United States of America ("U.S. GAAP") can be condensed or omitted. The condensed consolidated balance sheet for the year ended December 31, 2020 was derived from audited financial statements but does not include all disclosures required by U.S. GAAP. The information included in this quarterly report on Form 10-Q should be read in conjunction with the consolidated financial statements and notes thereto of the Company for the year ended December 31, 2020 which were included in the annual report on Form 10-K filed by the Company on April 1, 2021. In the opinion of management, these condensed consolidated financial statements have been prepared on the same basis as the annual consolidated financial statements and notes thereto of the Company and include all adjustments, consisting only of normal recurring adjustments, considered necessary for the fair presentation of the Company's financial position and operating results. The results for the three and six months ended June 30, 2021 are not necessarily indicative of the operating results for the year ending December 31, 2021, or any other interim or future periods. Since the date of the Annual Report, there have been no material changes to the Company’s significant accounting policies.
Reclassifications	Reclassifications Certain prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on the reported results of operations.
Use of Estimates	Use of Estimates The preparation of our condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. Although these estimates are based on our knowledge of current events and actions we may undertake in the future, actual results may ultimately differ from these estimates and assumptions. Furthermore, when testing assets for impairment in future periods, if management uses different assumptions or if different conditions occur, impairment charges may result. In particular, the COVID-19 pandemic has adversely impacted and is likely to further adversely impact the Company's business and markets. The full extent to which the COVID-19 pandemic will directly or indirectly impact the Company's business, results of operations and financial condition, including revenues, expenses, reserves and allowances, fair value measurements and asset impairment charges, will depend on future developments that are highly uncertain and difficult to predict. These developments include, but are not limited to, the duration and spread of the pandemic, its severity in our markets and elsewhere, governmental actions to contain the spread of the pandemic and respond to the reduction in global economic activity, and how quickly and to what extent normal economic and operating conditions can resume.
Discontinued Operations	Discontinued Operations In June 2021, we began talks with an individual to begin the sale of NBC. On July 16, 2021, we entered into an Asset Purchase Agreement with this individual to sell substantially all of the assets of NBC for a total of from the closing. On August 2, 2021, the sale of NBC was completed. The cash flows related to discontinued operations have not been segregated and are included in the consolidated statements of cash flows. As of June 30, 2021, and December 31, 2020, there are On January 1, 2021, we discontinued our investments segment. As this is not a materially significant segment, we have not shown the effects of the discontinued segment in the financial statements. On December 26, 2019, the board of directors and management made the strategic decision to discontinue the operations for both the Security Segment and the Consumer Goods Segment. The assets and liabilities classified as discontinued operations for the Security Segment and Consumer Goods Segment are presented separately in the balance sheet and the operating results. The cash flows related to discontinued operations have not been segregated and are included in the consolidated statements of cash flows.
Going Concern	Going Concern The Company incurred net losses of $1.4 million and $3.7 million in three and six months ended June 30, 2021, respectively, and $1.9 million and $4.0 million for the three and six months ended June 30 2020, respectively, and had an accumulated deficit of $78.7 million as of June 30, 2021. The Company had cash and cash equivalents of $2.3 million and $0.8 million as of June 30, 2021 and December 31, 2020, respectively. The accompanying consolidated financial statements have been prepared on the basis of continuity of operations, realization of assets, and the satisfaction of liabilities and commitments in the ordinary course of business. The Company has incurred recurring losses and negative cash flows from operations since inception and has primarily funded its operations with proceeds from the issuance of convertible debt. The Company expects its operating losses to continue into the foreseeable future as it continues to execute its acquisition and growth strategy. The Company believes that its cash and cash equivalents as of June 30, 2021 will be sufficient to fund its operating expenses and capital expenditure requirements for at least twelve months from the date of filing this Quarterly Report on Form 10-Q due to the receipt of an additional $2.3 million of cash in April 2021 from the issuance of a convertible note offering and the pending acquisition of three dispensaries (See Note 13 for further information). The Company may need additional funding to support its planned investing activities. If the Company is unable to obtain additional funding, it would be forced to delay, reduce or eliminate some or all of its acquisition efforts, which could adversely affect its business prospects.
Recently Issued Accounting Standards	Recently Issued Accounting Standards FASB ASU 2020-06 – “Debt-Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging-Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity”- In June 2020, the Financial Accounting Standards Board (“FASB”) issued guidance which simplifies accounting for convertible instruments by removing major separation models required under current GAAP. Accounting Standards Updates (“ASU”) also removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception and simplifies the diluted earnings per share calculation in certain areas. The amendments in this ASU are effective for annual and interim periods beginning after December 15, 2021, although early adoption is permitted. We are in the process of evaluating the impact of this new guidance on our consolidated financial statements. FASB ASU 2019-12 – “Income Taxes (Topic 740)”

BUSINESS ACQUISITION (Tables)

BUSINESS ACQUISITION (Tables)	6 Months Ended
BUSINESS ACQUISITION (Tables)	Jun. 30, 2021
BUSINESS ACQUISITION
Schedule of purchase price allocation	Inventories $ 185,261 Fixed assets 89,490 Tradename 1,050,000 Goodwill 2,484,200 $ 3,808,951
Schedule of pro forma results of operations	Three months ended Six months ended June 30, June 30, 2020 2020 Total revenues $ 860,729 $ 1,525,501 Net loss attributable to common stockholders $ (2,016,845) $ (3,875,288) Net loss per common share: $ (0.04) $ (0.09) Weighted average number of basic and diluted common shares outstanding 46,013,634 42,841,140

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	6 Months Ended
DISCONTINUED OPERATIONS (Tables)	Jun. 30, 2021
DISCONTINUED OPERATIONS.
Schedule of asset and liabilities from discontinued operations	June 30, December 31, 2021 2020 Accounts receivable, net $ 262,453 $ 187,185 Prepaid expenses and other current assets 16,996 519,274 Current assets discontinued operations 279,449 706,459 Property and equipment, net 35,178 43,697 Noncurrent assets discontinued operations 35,178 43,697 Accounts payable and accrued expenses 34,187 169,492 Customer deposits 51,146 517,931 Current liabilities discontinued operations $ 85,333 $ 687,423
Schedule of net income (loss) from discontinued operations	Three months ended Six months ended June 30, June 30, 2021 2020 2021 2020 Product revenues $ 53,865 $ 1,127,417 $ 614,301 $ 2,466,490 Service revenues 96,129 54,364 519,878 362,750 Total revenues 149,994 1,181,781 1,134,179 2,829,240 Cost of sales 286,663 1,030,461 1,127,555 2,454,441 Selling, general and administrative 177,947 264,659 329,833 453,357 Professional fees 4,202 5,670 4,801 5,670 Depreciation and amortization 4,259 3,860 8,519 7,669 Total costs and expenses 473,071 1,304,650 1,470,708 2,921,137 Loss from discontinued operations $ (323,077) $ (122,869) $ (336,529) $ (91,897)
Schedule of selected information on cash flows related to discontinued operations	Six months ended June 30, 2021 2020 Accounts receivables $ (75,268) $ 10,350 Prepaid expenses and other current assets 502,278 100,884 Depreciation and amortization 8,519 7,669 Capital expenditures — (3,011) Accounts payable and accrued expenses (135,305) (6,292) Customer deposits (466,785) (223,022)

INVENTORIES, NET (Tables)

INVENTORIES, NET (Tables)	6 Months Ended
INVENTORIES, NET (Tables)	Jun. 30, 2021
INVENTORIES, NET
Schedule of inventories	June 30, December 31, 2021 2020 Raw materials $ 47,183 $ 8,137 Work-in-progress and finished goods 543,800 363,662 Less: Inventory reserves — — Inventories, net $ 590,983 $ 371,799

LEASES (Tables)

LEASES (Tables)	6 Months Ended
LEASES (Tables)	Jun. 30, 2021
LEASES
Schedule of future remaining minimum lease payments	Year ending December 31, Amount 2021 (remaining six months) $ 185,400 2022 381,924 2023 387,653 2024 393,468 2025 399,370 Thereafter 4,048,779 Total 5,796,594 Less: Present value adjustment (3,924,838) Operating lease liability $ 1,871,756

ACCRUED STOCK PAYABLE (Tables)

ACCRUED STOCK PAYABLE (Tables)	6 Months Ended
ACCRUED STOCK PAYABLE (Tables)	Jun. 30, 2021
ACCRUED STOCK PAYABLE
Schedule of accrued common stock payable	The following tables summarize the changes in accrued common stock payable: Number of Amount Shares Balance as of December 31, 2020 $ 94,861 359,415 Stock issued (33,961) (259,415) Balance as of June 30, 2021 $ 60,900 100,000

NOTES PAYABLE (Tables)

NOTES PAYABLE (Tables)	6 Months Ended
NOTES PAYABLE (Tables)	Jun. 30, 2021
Class of Warrant or Right [Line Items]
Schedule of notes payable	June 30, December 31, 2021 2020 2020 10% Notes $ 6,580,000 $ 2,600,000 2019 15% Notes — 200,000 Related party note payable 320,000 340,000 Unamortized debt discount (2,347,005) (251,456) 4,552,995 2,888,544 Less: Current portion — — Long-term portion $ 4,552,995 $ 2,888,544
10% Warrants
Class of Warrant or Right [Line Items]
Summary of underlying assumptions used in the binomial lattice model to determine the fair value of Warrants	For purposes of determining the debt discount, the underlying assumptions used in the binomial lattice model to determine the fair value of the 10% Warrants as of December 23, 2020, were: Current stock price $ 0.53 Exercise price $ 0.56 Risk-free interest rate 0.38 % Expected dividend yield — Expected term (in years) 5.0 Expected volatility 115% For purposes of determining the debt discount, the underlying assumptions used in the binomial lattice model to determine the fair value of the 10% Warrants as of February 8, 2021, were: Current stock price $ 1.12 Exercise price $ 0.56 Risk-free interest rate 0.48 % Expected dividend yield — Expected term (in years) 5.0 Expected volatility 118% For purposes of determining the debt discount, the underlying assumptions used in the binomial lattice model to determine the fair value of the 10% Warrants as of April 20, 2021, were: Current stock price $ 0.83 Exercise price $ 0.56 Risk-free interest rate 1% Expected dividend yield — Expected term (in years) 5.0 Expected volatility 115%
15% Warrants
Class of Warrant or Right [Line Items]
Summary of underlying assumptions used in the binomial lattice model to determine the fair value of Warrants	Current stock price $ 0.45 - 0.67 Exercise price $ 0.45 Risk-free interest rate 0.68 - 1.62 % Expected dividend yield — Expected term (in years) 0.83 - 3.06 Expected volatility 112 - 119 %

WARRANT DERIVATIVE LIABILITY (T

WARRANT DERIVATIVE LIABILITY (Tables)	6 Months Ended
WARRANT DERIVATIVE LIABILITY (Tables)	Jun. 30, 2021
WARRANT DERIVATIVE LIABILITY.
Summary of key assumptions used to determine fair value of warrants	May 31, December 31, June 30, 2019 2020 2021 Number of shares underlying the warrants 3,000,000 1,645,807 322,807 Fair market value of stock $ 0.95 $ 0.48 $ 0.59 Exercise price $ 1.30 $ 0.3983 $ 0.3983 Volatility 133 % 108 % 105 % Risk-free interest rate 1.93 % 0.36 % 0.87 % Warrant life (years) 5.00 3.41 2.92
Summary of the changes in the fair value of the warrant derivative liability	Six months ended June 30, 2021 2020 Beginning balance $ 561,368 $ 4,620,593 Warrant exercise (1,523,117) (82,241) Change in fair value of warrants derivative liability 1,095,983 (1,375,619) Ending balance $ 134,234 $ 3,162,733

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	6 Months Ended
STOCKHOLDERS' EQUITY (Tables)	Jun. 30, 2021
STOCKHOLDERS' EQUITY
Summary of Employee Awards activity	Weighted- Weighted- Average Average Remaining Number of Exercise Price Contractual Aggregate Shares per Share Term (in years) Intrinsic Value Outstanding as of December 31, 2020 7,266,420 $ 1.03 5.5 $ 167,000 Granted 983,000 0.91 Exercised (333,620) 0.54 Forfeited or expired (1,006,930) 3.95 Outstanding as of June 30, 2021 6,908,870 $ 1.07 5.3 $ 303,000 Exercisable as of June 30, 2021 5,613,490 $ 1.16 5.3 $ 153,000

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
SEGMENT INFORMATION (Tables)	Jun. 30, 2021
SEGMENT INFORMATION
Schedule of segment reporting information, by segment	Three months ended June 30 2021 Cultivation Eliminations Total Revenues $ 698,608 $ — $ 698,608 Costs and expenses (677,715) 6,094 (671,621) Segment operating income $ 20,893 $ 6,094 26,987 Corporate expenses (1,080,163) Net loss from continuing operations before income taxes $ (1,053,176) 2020 Cultivation Total Revenues $ 509,175 $ 509,175 Costs and expenses (456,661) (456,661) Segment operating income $ 52,514 52,514 Corporate expenses (1,835,250) Net loss from continuing operations before income taxes $ (1,782,736) Six months ended June 30 2021 Cultivation Eliminations Total Total revenues $ 1,347,941 $ — $ 1,347,941 Costs and expenses (1,475,423) 16,870 (1,458,553) Operating (loss) income $ (127,482) $ 16,870 (110,612) Corporate expenses (3,288,180) Net loss from continuing operations before income taxes $ (3,398,792) 2020 Cultivation Total Total revenues $ 509,175 $ 509,175 Costs and expenses (456,661) (456,661) Operating income $ 52,514 52,514 Corporate expenses (3,727,543) Net loss from continuing operations before income taxes $ (3,675,029)
Reconciliation of assets from segment to consolidated	June 30, December 31, Total assets 2021 2020 Cultivation $ 6,720,738 $ 6,208,222 Corporate 2,422,760 1,567,021 Discontinued operations 319,878 755,707 Total assets - segments 9,463,376 8,530,950 Intercompany eliminations (36,850) (12,183) Total assets - consolidated $ 9,426,526 $ 8,518,767

NATURE OF OPERATIONS, HISTORY_3

NATURE OF OPERATIONS, HISTORY AND PRESENTATION (Details)	Jul. 16, 2021USD ($)	Apr. 30, 2021USD ($)	Jun. 30, 2021USD ($)customeritem	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)segmentcustomeritem	Jun. 30, 2020USD ($)	Dec. 31, 2020USD ($)	May 31, 2020ft²
NATURE OF OPERATIONS, HISTORY AND PRESENTATION
Number of operating segments \| segment					1
Net loss			$ (1,376,253)	$ (1,940,907)	$ (3,735,321)	$ (3,955,086)
Accumulated deficit			(78,686,757)		(78,686,757)		$ (74,951,436)
Cash, cash equivalents, and short-term and long-term investments			2,300,000		2,300,000		800,000
Cash received from the issuance of a convertible note offering		$ 2,300,000
Cash and cash equivalents			$ 5,251		$ 5,251		5,551
Number of dispensaries \| item			3		3
Discontinued Operations, Held-for-sale
NATURE OF OPERATIONS, HISTORY AND PRESENTATION
Cash and cash equivalents			$ 5,251		$ 5,251		$ 5,551
Next Big Crop \| Discontinued Operations, Held-for-sale
NATURE OF OPERATIONS, HISTORY AND PRESENTATION
Total of consideration	$ 150,000
Percentage of profits generated	10.00%
Period for percentage of profit	twelve months
SevenFive Farm \| Cultivation segment [Member]
NATURE OF OPERATIONS, HISTORY AND PRESENTATION
Leased space (in sq ft) \| ft²								17,000
SevenFive Farm \| Cultivation segment [Member] \| Revenue Benchmark \| Customer Concentration Risk
NATURE OF OPERATIONS, HISTORY AND PRESENTATION
Concentration risk, percentage			11.00%		11.00%
Number of customers \| customer			1		1

BUSINESS ACQUISITION - Summary

BUSINESS ACQUISITION - Summary (Details) - Dalton Adventures, LLC - USD ($)	May 13, 2020	Dec. 31, 2020
BUSINESS ACQUISITION
Stock issued in exchange for purchase of assets (in shares)	8,859,117
Share price on acquisition date (in dollars per share)	$ 0.38
Fair value of consideration transferred	$ 3,808,951
Percentage of total shares issued for purchase of assets which the Company may be required to repurchase	25.00%
Stock put liability	$ 442,487	$ 0

BUSINESS ACQUISITION - Purchase

BUSINESS ACQUISITION - Purchase Price Allocation (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020	May 13, 2020
Preliminary purchase price allocation
Goodwill	$ 2,484,200	$ 2,484,200
Dalton Adventures, LLC
Preliminary purchase price allocation
Inventories			$ 185,261
Fixed assets			89,490
Tradename			1,050,000
Goodwill			2,484,200
Preliminary purchase price			$ 3,808,951

BUSINESS ACQUISITION - Pro Form

BUSINESS ACQUISITION - Pro Forma (Details) - USD ($)	3 Months Ended	6 Months Ended
BUSINESS ACQUISITION - Pro Forma (Details) - USD ($)	Jun. 30, 2020	Jun. 30, 2020
Pro forma effects of the acquisition on the results of operations
Total revenues	$ 860,729	$ 1,525,501
Net loss attributable to common stockholders	$ (2,016,845)	$ (3,875,288)
Net loss per common share:	$ (0.04)	$ (0.09)
Weighted average number of basic and diluted common shares outstanding	46,013,634	42,841,140

DISCONTINUED OPERATIONS (Detail

DISCONTINUED OPERATIONS (Details) - USD ($)	Jul. 16, 2021	Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2021	Dec. 31, 2020
DISCONTINUED OPERATIONS
Cash and cash equivalents				$ 5,251	$ 5,551
Discontinued Operations, Held-for-sale
DISCONTINUED OPERATIONS
Cash and cash equivalents				5,251	5,551
Accounts payable				$ 53,128	$ 54,641
Discontinued operations gain (Loss)		$ 5,233	$ (147,625)
Discontinued Operations, Held-for-sale \| Next Big Crop
DISCONTINUED OPERATIONS
Total of consideration	$ 150,000
Percentage of profits generated	10.00%
Period for percentage of profit	twelve months

DISCONTINUED OPERATIONS - Asset

DISCONTINUED OPERATIONS - Assets and Liabilities of Discontinued Operations (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
DISCONTINUED OPERATIONS
Cash and cash equivalents	$ 5,251	$ 5,551
Current assets discontinued operations	284,700	712,010
Current liabilities discontinued operations	138,461	742,064
Operations Segment
DISCONTINUED OPERATIONS
Accounts receivable, net	262,453	187,185
Prepaid expenses and other current assets	16,996	519,274
Current assets discontinued operations	279,449	706,459
Property and equipment, net	35,178	43,697
Noncurrent assets discontinued operations	35,178	43,697
Accounts payable and accrued expenses	34,187	169,492
Customer deposits	51,146	517,931
Current liabilities discontinued operations	$ 85,333	$ 687,423

DISCONTINUED OPERATIONS - Summa

DISCONTINUED OPERATIONS - Summary of the Discontinued Operations (Details) - Operations Segment - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
DISCONTINUED OPERATIONS
Total revenues	$ 149,994	$ 1,181,781	$ 1,134,179	$ 2,829,240
Cost of sales	286,663	1,030,461	1,127,555	2,454,441
Selling, general and administrative	177,947	264,659	329,833	453,357
Professional fees	4,202	5,670	4,801	5,670
Depreciation and amortization	4,259	3,860	8,519	7,669
Total costs and expenses	473,071	1,304,650	1,470,708	2,921,137
Loss from discontinued operations	(323,077)	(122,869)	(336,529)	(91,897)
Service revenues
DISCONTINUED OPERATIONS
Total revenues	96,129	54,364	519,878	362,750
Product revenues
DISCONTINUED OPERATIONS
Total revenues	$ 53,865	$ 1,127,417	$ 614,301	$ 2,466,490

DISCONTINUED OPERATIONS - Cash

DISCONTINUED OPERATIONS - Cash Flows Related to Discontinued Operations (Details) - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
DISCONTINUED OPERATIONS
Accounts receivable	$ (175,676)	$ (344)
Prepaid expenses and other assets	529,224	107,115
Accounts payable and accrued expenses	(712,362)	(414,877)
Operations Segment
DISCONTINUED OPERATIONS
Accounts receivable	(75,268)	10,350
Prepaid expenses and other assets	502,278	100,884
Depreciation and amortization	8,519	7,669
Capital expenditures		(3,011)
Accounts payable and accrued expenses	(135,305)	(6,292)
Customer deposits	$ (466,785)	$ (223,022)

INVENTORIES, NET (Details)

INVENTORIES, NET (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
INVENTORIES, NET
Raw materials	$ 47,183	$ 8,137
Work-in-progress and finished goods	543,800	363,662
Inventories, net	$ 590,983	$ 371,799

LEASES (Details)

LEASES (Details)	May 13, 2020USD ($)ft²item	Dec. 31, 2020USD ($)	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2021USD ($)
OPERATING LEASE RIGHT-OF-USE ASSET / OPERATING LEASE LIABILITY
Right-of-use asset		$ 1,836,455			$ 1,816,632
Lease liability					1,871,756
Lease, Greenhouse in Boulder, CO
OPERATING LEASE RIGHT-OF-USE ASSET / OPERATING LEASE LIABILITY
Leased space (in sq ft) \| ft²	17,000
Initial term of lease (in years)	5 years
Number of options to renew lease \| item	2
Lease renewal term (in years)	5 years
Monthly lease payments	$ 30,900
Escalation percentage	1.50%
Incremental borrowing rate	22.80%	20.00%
Increase in right-of-use asset		$ 246,250
Increase in operating lease liability		$ 246,250
Discount rate	20.00%
Borrowing term	15 years
Right-of-use asset	$ 1,877,423				1,816,632
Lease liability	$ 1,877,423				$ 1,871,756
Lease, Greenhouse in Boulder, CO \| Forecast
OPERATING LEASE RIGHT-OF-USE ASSET / OPERATING LEASE LIABILITY
Percentage of annual escalation			3.00%	3.00%

LEASES - Future Remaining Minim

LEASES - Future Remaining Minimum Lease Payments (Details)	Jun. 30, 2021USD ($)
Future remaining minimum lease payments
2021 (remaining six months)	$ 185,400
2022	381,924
2023	387,653
2024	393,468
2025	399,370
Thereafter	4,048,779
Total	5,796,594
Less: Present value adjustment	(3,924,838)
Operating lease liability	$ 1,871,756

ACCRUED STOCK PAYABLE (Details)

ACCRUED STOCK PAYABLE (Details) - USD ($)	1 Months Ended	6 Months Ended	12 Months Ended
ACCRUED STOCK PAYABLE (Details) - USD ($)	Dec. 31, 2020	Jun. 30, 2021	Dec. 31, 2020
ACCRUED STOCK PAYABLE
Warrant cashless exercises, Shares			259,415
Common Stock awards
ACCRUED STOCK PAYABLE
Balance at beginning of the period, Amount		$ 94,861
Balance at beginning of the period, Shares		359,415
Stock issued, Amount		$ (33,961)
Stock issued, Shares		(259,415)
Balance at end of the period, Amount	$ 94,861	$ 60,900	$ 94,861
Balance at end of the period, Shares	359,415	100,000	359,415
2020 A warrants
ACCRUED STOCK PAYABLE
Cashless exercise of warrants (in shares)	282,213

NOTES PAYABLE - Schedule of Not

NOTES PAYABLE - Schedule of Notes Payable (Details) - USD ($)	Jun. 30, 2021	May 31, 2021	Feb. 08, 2021	Dec. 31, 2020	Dec. 23, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019
NOTES PAYABLE
Unamortized debt discount	$ (2,347,005)			$ (251,456)
Total	4,552,995			2,888,544
Long-term portion	4,552,995			2,888,544
10% Notes
NOTES PAYABLE
Debt carrying amount	$ 6,580,000			$ 2,600,000
Interest rate (as a percent)	10.00%		10.00%	10.00%	10.00%		10.00%
15% Notes
NOTES PAYABLE
Debt carrying amount				$ 200,000
Interest rate (as a percent)				15.00%		15.00%	15.00%	12.00%
Related party note payable
NOTES PAYABLE
Debt carrying amount	$ 320,000	$ 30,000		$ 340,000	$ 320,000

NOTES PAYABLE - 2020 10% Notes

NOTES PAYABLE - 2020 10% Notes (Details) - USD ($)	Apr. 20, 2021	Feb. 08, 2021	Dec. 31, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2019	Dec. 23, 2020	Sep. 30, 2019
Debt Instrument [Line Items]
Exercise price of warrants				$ 1			$ 1
Additional paid-in capital			$ 75,891,414		$ 80,140,373			$ 80,140,373
Beneficial conversion feature								$ 1,110,039	$ 233,500
Common stock, par value			$ 0.001		$ 0.001			$ 0.001
10% Warrants
Debt Instrument [Line Items]
Percentage of aggregate principal amount coverage		20.00%	20.00%
Exercise price of warrants	$ 0.56	$ 0.56	$ 0.56
Interest rate (as a percent)	10.00%	10.00%	10.00%		10.00%			10.00%
Additional paid-in capital	$ 810,000
10% Notes
Debt Instrument [Line Items]
Aggregate principal amount			$ 2,940,000
Stock issued			1,050,011
Interest rate (as a percent)		10.00%	10.00%		10.00%			10.00%		10.00%	10.00%
Amortization of debt discount					$ 21,630	$ 0		$ 43,023	0
Beneficial conversion feature			$ 0
10% Notes 2021
Debt Instrument [Line Items]
Aggregate principal amount		$ 1,660,000
Stock issued		592,858
Interest rate (as a percent)		10.00%
Conversion price (in dollars per share)		$ 0.66
Debt conversion commitment price (in dollars per share)		0.90
Amortization of debt discount					70,377	0		109,818	0
Common stock, par value		$ 0.001
10% Notes April 2021
Debt Instrument [Line Items]
Aggregate principal amount	$ 2,300,000
Percentage of aggregate principal amount coverage	20.00%
Exercise price of warrants	$ 0.56
Interest rate (as a percent)	10.00%
Conversion price (in dollars per share)	$ 0.49
Debt conversion commitment price (in dollars per share)	$ 0.83
Amortization of debt discount					100,949	0		100,949	0
Convertible note offering amount	$ 4,600,000
Number of lead investor	1
Aggregate principal amount invested	35.50%
10% Investors
Debt Instrument [Line Items]
Proceeds from debt			$ 1,940,000
Interest rate (as a percent)	10.00%	10.00%	10.00%
Conversion price trigger (as a percent)	80.00%	80.00%	80.00%
10% Investors \| Minimum
Debt Instrument [Line Items]
Conversion price (in dollars per share)	$ 0.65	$ 0.65	$ 0.65
10% Investors \| Maximum
Debt Instrument [Line Items]
Percentage of aggregate principal amount coverage	50.00%	50.00%	50.00%
Conversion price (in dollars per share)	$ 1	$ 1	$ 1
15% Notes
Debt Instrument [Line Items]
Aggregate principal amount				$ 2,031,000			$ 2,031,000			$ 300,000
Proceeds from debt				$ 525,000			$ 525,000			$ 300,000
Aggregate indebtedness amount			$ 1,000,000
Interest rate (as a percent)			15.00%	15.00%			15.00%			15.00%		12.00%
Amortization of debt discount					$ 0	$ 72,516		$ 0	$ 138,837
Debt discount \| 10% Warrants
Debt Instrument [Line Items]
Additional paid-in capital		$ 429,300	$ 254,400
Debt discount \| 10% Notes 2021
Debt Instrument [Line Items]
Additional paid-in capital		$ 417,539
Debt discount \| 10% Notes April 2021
Debt Instrument [Line Items]
Additional paid-in capital	$ 692,500
Extinguishment of debt \| 10% Warrants
Debt Instrument [Line Items]
Additional paid-in capital			131,000
Extinguishment of debt \| 15% Notes
Debt Instrument [Line Items]
Additional paid-in capital			$ 668,335

NOTES PAYABLE - 15% Notes (Deta

NOTES PAYABLE - 15% Notes (Details)	1 Months Ended	2 Months Ended	3 Months Ended				6 Months Ended		12 Months Ended
NOTES PAYABLE - 15% Notes (Details)	Dec. 31, 2020USD ($)	Mar. 31, 2020USD ($)EquityInstruments$ / sharesshares	Jun. 30, 2021USD ($)shares	Mar. 31, 2021USD ($)	Jun. 30, 2020USD ($)$ / shares	Mar. 31, 2020USD ($)$ / sharesshares	Jun. 30, 2021USD ($)shares	Jun. 30, 2020USD ($)	Dec. 31, 2020USD ($)shares	Dec. 31, 2019USD ($)	Feb. 08, 2021	Dec. 23, 2020	Sep. 30, 2019
NOTES PAYABLE
Repayment of notes							$ 200,000	$ 975,000
Exercise price of warrants \| $ / shares		$ 1				$ 1
Number of shares issued by each warrant \| shares		1				1
Debt principal amount converted								957,056
Additional paid-in capital	$ 75,891,414		$ 80,140,373				80,140,373		$ 75,891,414
Deemed dividend					$ 98,000			98,000
Warrant cashless exercises, Shares \| shares									259,415
15% Notes
NOTES PAYABLE
Aggregate principal amount		$ 2,031,000				$ 2,031,000				$ 300,000
Interest rate (as a percent)	15.00%	15.00%				15.00%			15.00%	15.00%			12.00%
Face amount of debt exchanged										$ 1
Repayment of notes	$ 2,100,000			$ 200,000
Proceeds from debt		$ 525,000				$ 525,000				$ 300,000
Repayment limit for full payment		$ 5,000,000
Number of warrants issued \| EquityInstruments		3
Warrant exercise price, decrease (in dollars per share) \| $ / shares					$ 0.3983
Debt principal amount converted									$ 250,000
Number of warrants issued upon conversion \| shares		6,993,000
Amortization of debt discount			$ 0		$ 72,516		$ 0	138,837
15% Notes \| Extinguishment of debt
NOTES PAYABLE
Additional paid-in capital	668,335								668,335
10% Notes
NOTES PAYABLE
Aggregate principal amount	$ 2,940,000								$ 2,940,000
Interest rate (as a percent)	10.00%		10.00%				10.00%		10.00%	10.00%	10.00%	10.00%
Amortization of debt discount			$ 21,630		$ 0		$ 43,023	$ 0
12% Notes
NOTES PAYABLE
Aggregate principal amount		$ 1,506,000				$ 1,506,000
Interest rate (as a percent)													12.00%
Warrant A 2020
NOTES PAYABLE
Number of warrants issued upon conversion \| shares									250,000
Warrants exercised \| shares			1,131,000				1,131,000
Shares issued in cashless exercise of warrants \| shares							282,813
Warrant B 2020
NOTES PAYABLE
Number of warrants issued upon conversion \| shares									250,000
Warrant C 2020
NOTES PAYABLE
Number of warrants issued upon conversion \| shares									250,000
15% Warrants
NOTES PAYABLE
Interest rate (as a percent)		15.00%	15.00%		15.00%	15.00%	15.00%	15.00%		15.00%
Exercise price of warrants \| $ / shares		$ 0.45				$ 0.45
15% Warrants \| Debt discount
NOTES PAYABLE
Additional paid-in capital	$ 333,056								$ 333,056

NOTES PAYABLE - Assumptions Use

NOTES PAYABLE - Assumptions Used to Calculate Fair Value of Warrants (Details)	Apr. 20, 2021USD ($)Y$ / shares	Feb. 08, 2021$ / sharesY	Dec. 31, 2020$ / shares	Mar. 31, 2020itemY
10% Warrants \| Current stock price
NOTES PAYABLE
Measurement input used to calculate fair value of warrants \| $ / shares	0.83	1.12	0.53
10% Warrants \| Exercise price
NOTES PAYABLE
Measurement input used to calculate fair value of warrants	0.56	0.56	0.56
10% Warrants \| Risk-free interest rate
NOTES PAYABLE
Measurement input used to calculate fair value of warrants	1	0.48	0.38
10% Warrants \| Expected term (in years)
NOTES PAYABLE
Measurement input used to calculate fair value of warrants \| Y	5	5
10% Warrants \| Expected volatility
NOTES PAYABLE
Measurement input used to calculate fair value of warrants	115	118	115
15% Warrants \| Current stock price \| Minimum
NOTES PAYABLE
Measurement input used to calculate fair value of warrants				0.45
15% Warrants \| Current stock price \| Maximum
NOTES PAYABLE
Measurement input used to calculate fair value of warrants				0.67
15% Warrants \| Exercise price
NOTES PAYABLE
Measurement input used to calculate fair value of warrants				0.45
15% Warrants \| Risk-free interest rate \| Minimum
NOTES PAYABLE
Measurement input used to calculate fair value of warrants				0.0068
15% Warrants \| Risk-free interest rate \| Maximum
NOTES PAYABLE
Measurement input used to calculate fair value of warrants				0.0162
15% Warrants \| Expected term (in years) \| Minimum
NOTES PAYABLE
Measurement input used to calculate fair value of warrants \| Y				0.83
15% Warrants \| Expected term (in years) \| Maximum
NOTES PAYABLE
Measurement input used to calculate fair value of warrants \| Y				3.06
15% Warrants \| Expected volatility \| Minimum
NOTES PAYABLE
Measurement input used to calculate fair value of warrants				1.12
15% Warrants \| Expected volatility \| Maximum
NOTES PAYABLE
Measurement input used to calculate fair value of warrants				1.19

WARRANT DERIVATIVE LIABILITY -

WARRANT DERIVATIVE LIABILITY - Summary (Details) - USD ($)	May 31, 2019	May 31, 2020	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Mar. 31, 2020
WARRANT DERIVATIVE LIABILITY
Common stock, shares issued			62,266,275				62,266,275		60,813,673
Exercise price of warrants										$ 1
Gain (loss) on warrant derivative liability			$ 102,761		$ (4,541)		$ (1,095,983)	$ 1,371,079
2019 Warrants
WARRANT DERIVATIVE LIABILITY
Proceeds from issuance of common stock and warrants	$ 3,000,000
Shares issued in cashless exercise of warrants				747,208
Common stock, shares issued	3,000,000
Number of warrants issued	3,000,000
Share price	$ 1
Exercise price of warrants									$ 1.30
Warrant exercise price, decrease (in dollars per share)		$ 0.45				$ 0.45			$ 0.3983
Common stock, other shares, outstanding			322,807			8,666,666	322,807		9,591,614
Warrants exercised				1,323,000
Adjustment to derivative liability				$ 1,523,117

WARRANT DERIVATIVE LIABILITY _2

WARRANT DERIVATIVE LIABILITY - Assumptions Used to Calculate Fair Value of 2019 Warrants (Details) - 2019 Warrants	Jun. 30, 2021itemY	Dec. 31, 2020itemY	May 31, 2019itemY
Number of shares underlying the warrants
WARRANT DERIVATIVE LIABILITY
Measurement input used to calculate fair value of warrants	322,807	1,645,807	3,000,000
Current stock price
WARRANT DERIVATIVE LIABILITY
Measurement input used to calculate fair value of warrants	0.59	0.48	0.95
Exercise price
WARRANT DERIVATIVE LIABILITY
Measurement input used to calculate fair value of warrants	0.3983	0.3983	1.30
Expected volatility
WARRANT DERIVATIVE LIABILITY
Measurement input used to calculate fair value of warrants	105	108	133
Risk-free interest rate
WARRANT DERIVATIVE LIABILITY
Measurement input used to calculate fair value of warrants	0.87	0.36	1.93
Expected term (in years)
WARRANT DERIVATIVE LIABILITY
Measurement input used to calculate fair value of warrants \| Y	2.92	3.41	5

WARRANT DERIVATIVE LIABILITY _3

WARRANT DERIVATIVE LIABILITY - Schedule of Level 3 Financial Liabilities (Details) - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Changes in the fair value of the warrant derivative liability
Beginning balance	$ 561,368	$ 4,620,593
Warrant exercise	(1,523,117)	(82,241)
Change in fair value of warrants derivative liability	1,095,983	(1,375,619)
Ending balance	$ 134,234	$ 3,162,733

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details)	Dec. 14, 2020USD ($)$ / sharesshares	May 29, 2020USD ($)$ / shares	Jun. 30, 2020USD ($)	Jun. 30, 2020USD ($)	Dec. 31, 2020USD ($)$ / sharesshares	Oct. 04, 2020USD ($)	Jun. 01, 2020USD ($)	Mar. 31, 2020$ / shares
STOCKHOLDERS' EQUITY
Value of shares issued during the period				$ 100,000
Exercise price of warrants \| $ / shares								$ 1
Deemed dividend			$ 98,000	$ 98,000
2020 Capital Raise
STOCKHOLDERS' EQUITY
Conversion ratio		75
Exercise price of warrants \| $ / shares	$ 0.4917	$ 0.5565
Warrants and rights outstanding, term		5 years
Debt issuance costs, net		$ 2,173,074
Warrants exercisable (in shares) \| shares					0
Beneficial ownership limitation (as a percent)					9.99%
Notice period					61 days
Deemed dividend	$ 732,494
Proceeds from sale of securities					$ 3,000,000
Shares of common stock sold \| shares					7,532,010
Sale of stock, purchase price per share \| $ / shares		$ 0.3983			$ 0.5565
Warrants to purchase \| shares	1,631,000				5,649,007
Outstanding balances of existing holders for which the Company will seek an extended maturity date						$ 2,331,000	$ 2,331,000
Amount of notes with extended maturity date						$ 600,000
Exercise price, as a percentage of common stock price		100.00%
2020 Capital Raise \| Minimum
STOCKHOLDERS' EQUITY
Proceeds from sale of securities		$ 2,185,000
Exercise price of additional warrants \| $ / shares		$ 0.45
2020 Capital Raise \| Maximum
STOCKHOLDERS' EQUITY
Proceeds from sale of securities		$ 3,000,000
Exercise price of additional warrants \| $ / shares		$ 0.56

STOCKHOLDERS' EQUITY - Share-Ba

STOCKHOLDERS' EQUITY - Share-Based Compensation (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
STOCKHOLDERS' EQUITY
Stock-based compensation (income)/expense	$ (41,648)	$ 434,367	$ 62,284	$ 926,698
Granted			983,000
Stock-based compensation options, expiration period			5 years
Vesting period			1 year
Fair value of awards, grant date			$ 594,080
Unrecognized compensation expense related to unvested Employee Awards	$ 393,391		$ 393,391
Recognition period related to unvested Employee Awards			11 months
Number of Shares
Outstanding, beginning of period			7,266,420
Granted			983,000
Exercised			(333,620)
Forfeited or expired			(1,006,930)
Outstanding, end of period	6,908,870		6,908,870		7,266,420
Exercisable, end of period	5,613,490		5,613,490
Weighted-average Exercise Price per Share
Outstanding, beginning of period			$ 1.03
Granted			0.91
Exercised			0.54
Forfeited or expired			3.95
Outstanding, end of period	$ 1.07		1.07		$ 1.03
Exercisable, end of period	$ 1.16		$ 1.16
Weighted-average Remaining Contractual Term (in years)
Outstanding contractual term (in years)			5 years 3 months 18 days		5 years 6 months
Exercisable, end of period			5 years 3 months 18 days
Aggregate Intrinsic Value
Outstanding, end of period	$ 303,000		$ 303,000		$ 167,000
Exercisable, end of period	$ 153,000		$ 153,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details)	Dec. 23, 2020USD ($)item	Jun. 03, 2020USD ($)	Jun. 30, 2021USD ($)ft²	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)ft²	Jun. 30, 2020USD ($)	May 31, 2021USD ($)	Feb. 08, 2021	Dec. 31, 2020USD ($)	Dec. 31, 2019
RELATED PARTY TRANSACTIONS
Number of board members \| item	4
Accrued interest earned and owed			$ 17,079		$ 17,079
Related party note payable
RELATED PARTY TRANSACTIONS
Aggregate amount	$ 320,000		320,000		320,000		$ 30,000		$ 340,000
10% Notes
RELATED PARTY TRANSACTIONS
Aggregate amount			$ 6,580,000		$ 6,580,000				$ 2,600,000
Interest rate (as a percent)	10.00%		10.00%		10.00%			10.00%	10.00%	10.00%
Consulting agreement
RELATED PARTY TRANSACTIONS
Initial monthly consulting fees paid		$ 8,333
Aggregate amount of consulting fees paid			$ 24,999	$ 8,333	$ 49,998	$ 8,333
Lease agreement
RELATED PARTY TRANSACTIONS
Leased space (in sq ft) \| ft²			17,000		17,000
Monthly rent expenses					$ 34,636
Monthly rent attributable to base rent					30,900
Monthly rent attributable to property taxes					3,736
Aggregate rent expense			$ 115,000	$ 81,000	$ 230,000	$ 81,000

SEGMENT INFORMATION - Net Loss

SEGMENT INFORMATION - Net Loss by Segment (Details)	3 Months Ended		6 Months Ended
SEGMENT INFORMATION - Net Loss by Segment (Details)	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)segment	Jun. 30, 2020USD ($)
Segment Reporting Information
Number of operating segments \| segment			1
Revenues	$ 698,608	$ 554,544	$ 1,362,413	$ 571,273
Continuing Operations
Segment Reporting Information
Revenues	698,608	509,175	1,347,941	509,175
Costs and expenses	(671,621)	(456,661)	(1,458,553)	(456,661)
Segment operating income (loss)	26,987	52,514	(110,612)	52,514
Corporate expenses	(1,080,163)	(1,835,250)	(3,288,180)	(3,727,543)
Net loss from continuing operations before income taxes	(1,053,176)	(1,782,736)	(3,398,792)	(3,675,029)
Operating segments \| Cultivation
Segment Reporting Information
Revenues	698,608	509,175	1,347,941	509,175
Costs and expenses	(677,715)	(456,661)	(1,475,423)	(456,661)
Segment operating income (loss)	20,893	$ 52,514	(127,482)	$ 52,514
Eliminations
Segment Reporting Information
Costs and expenses	6,094		16,870
Segment operating income (loss)	$ 6,094		$ 16,870

SEGMENT INFORMATION - Total Ass

SEGMENT INFORMATION - Total Assets by Segment (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
SEGMENT INFORMATION
Total assets	$ 9,426,526	$ 8,518,767
Cultivation
SEGMENT INFORMATION
Total assets	6,720,738	6,208,222
Corporate
SEGMENT INFORMATION
Total assets	2,422,760	1,567,021
Operating segments
SEGMENT INFORMATION
Total assets	9,463,376	8,530,950
Eliminations
SEGMENT INFORMATION
Total assets	(36,850)	(12,183)
Discontinued Operations
SEGMENT INFORMATION
Total assets	$ 319,878	$ 755,707

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($)	Jul. 16, 2021	Apr. 18, 2021
Colorado and Oregon Sellers
SUBSEQUENT EVENTS
Cash payment of consideration		$ 2,000,000
Consideration payable in equal monthly amounts		3,000,000
Equal monthly payments		$ 125,000
Period of equal monthly payments		24 months
Stock issued in exchange for purchase of assets (in shares)		38,745,193
Discontinued Operations, Held-for-sale \| Next Big Crop
SUBSEQUENT EVENTS
Percentage of profits generated	10.00%
Period for percentage of profit	twelve months
Discontinued Operations, Held-for-sale \| Next Big Crop \| Subsequent Event
SUBSEQUENT EVENTS
Payment by payable upon signing	$ 75,000
Payable within one year	$ 75,000
Percentage of profits generated	10.00%
Period for percentage of profit	twelve months