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

Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

LEASES (Tables)

9 Months Ended

Sep. 30, 2021

Schedule of Lease obligations

(in thousands)
Lease Liability
December 31, 2020		$	38,834
Lease principal payments			(1,744	)
September 30, 2021		$	37,090

		September 30,
		2021
Lease obligation, current portion		$	2,411
Lease obligation, long-term portion			34,679
Total		$	37,090

Schedule of Lease expense

		Three Months Ended								Nine Months Ended
		September 30,				September 30,				September 30,				September 30,
(in thousands)		2021				2020				2021				2020
Amortization of leased assets ⁽¹⁾		$	741			$	839			$	2,268			$	1,631
Interest on lease liabilities ⁽²⁾			531				491				1,728				964
Total		$	1,272			$	1,330			$	3,996			$	2,595

		September 30,
(in thousands)		2021
Balance of 2021		$	607
2022 - 2023			5,137
2024 - 2025			3,844
2026 and beyond			27,502
Total		$	37,090