Lowell Farms Inc. General form of registration statement for all companies including face-amount certificate companies

DEBT (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

	March 31		December 31,
(in thousands)	2021		2020
Current portion of long-term debt
Vehicle loans(1)	$	183	$	170
Note payable(3)		198		1,043
Total short-term debt		381		1,213

Long-term debt, net
Vehicle loans(1)		189		233
Note payable(2)		56		65
Note payable(3)		40		5
Convertible debenture(4)		13,629		13,701
Total long-term debt		13,914		14,004
Total Indebtedness	$	14,295	$	15,217

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(1) Primarily fixed term loans on transportation vehicles. Weighted average interest rate at March 31, 2021 was 8.8%.

(2) Note payable in connection with Acme acquisition to be paid as and if financial performance targets are met over the earnout period.

(3) Note payable in connection with Humble Flower and Kaizen acquisitions and termination of the W Vapes acquisition.

Weighted average interest rate at March 31, 2021 was 4%.

(4) Net of deferred financing costs of $2,096.

	December 31,
(in thousands)	2020		2019
Current portion of long-term debt
Vehicle loans(1)	$	170	$	135
Note payable(3)		1,043		-
Total short-term debt		1,213		135

Long-term debt, net
Vehicle loans(1)		233		233
Note payable(2)		65		138
Note payable(3)		5		-
Convertible debenture(4)		13,701		-
Total long-term debt		14,004		371
Total Indebtedness	$	15,217	$	506