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

DEBT (Tables)

9 Months Ended

Sep. 30, 2023

	September 30,		December 31,
(in thousands)	2023		2022
Current portion of long-term debt
Vehicle loans⁽¹⁾	$	6	$	15
Mortgage payable⁽²⁾		-		257
Note payable		-		10
Convertible debenture⁽³⁾		22,081		21,398
Total short-term debt		22,087		21,680

Long-term debt, net
Vehicle loans⁽¹⁾		-		3
Mortgage payable⁽²⁾		-		8,713
Total long-term debt		-		8,716
Total Indebtedness	$	22,087	$	30,396
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(1) Primarily fixed term loans on transportation vehicles. Weighted average interest rate at September 30, 2023 and December 31, 2022 was 6.4%,.
(2) Mortgage payable associated with the acquired processing facility. Weighted average interest rate at December 31, 2022 was 12.5%,. Net of deferred financing costs as of December 31, 2022 $296.
(3) Net of deferred financing costs at September 30, 2023 and December 31, 2022 of $75 and $759, respectively.