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

Quarterly report pursuant to Section 13 or 15(d)

9. DEBT (Tables)

9. DEBT (Tables)

3 Months Ended

Mar. 31, 2021

	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.

Maturities of debt obligations

	March 31,
(in thousands)	2021
2021	$	335
2022		196
2023		15,774
2024		21
2025		6
2026 and thereafter		3
Total debt obligations	$	16,335