Lowell Farms Inc. Quarterly report pursuant to Section 13 or 15(d)

DEBT (Tables)

3 Months Ended

Mar. 31, 2023

	March 31,		December 31,
(in thousands)	2023		2022
Current portion of long-term debt
Vehicle loans⁽¹⁾	$	11	$	15
Mortgage payable⁽²⁾		262		257
Note payable		-		10
Convertible debenture⁽³⁾		21,626		21,398
Total short-term debt		21,899		21,680

Long-term debt, net
Vehicle loans⁽¹⁾		2		3
Mortgage payable⁽²⁾		8,664		8,713
Total long-term debt		8,666		8,716
Total Indebtedness	$	30,565	$	30,396
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(1) Primarily fixed term loans on transportation vehicles. Weighted average interest rate at March 31, 2023 and December 31, 2022 was 6.3% and 6.4%, respectively.
(2) Mortgage payable associated with the acquired processing facility. Weighted average interest rate at March 31, 2023 and December 31, 2022 was 12.5%. Net of deferred financing costs as of March 31, 2023 and December 31, 2022 of $274 and $296, respectively.
(3) Net of deferred financing costs at March 31, 2023 and December 31, 2022 of $532 and $759, respectively.