Bearer plants have a greater relevance to this industry because the plant from seed could be a bearer plant and its cuttings would be clones. The December 31, 2017 notes to the Financial Statements of Harvest One Cannabis Inc succinctly explain the role of the Bearer plant at a Licensed Producer.
Mother plants, or bearer plants, are plants grown for the purpose of taking cuttings in order to grow more quantity of the same plant. Bearer plants are critical to the success of the business ….
BMI has an excellent document that summarizes the amendment for bearer plants – CLICK HERE.
For a comprehensive guide and understanding of the amendment for Bearer plants please refer to professional Accounting bodies and firms and not to social media, bulletin boards, hobbyist run subReddits, etc. This document titled “Bearer Plants – A New Life” produced by Deloitte on “The Accounting for Bearer Plants” is a must read – CLICK HERE.
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