TILT Holdings Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Accounts Payable and Accrued Liabilities

Accounts Payable and Accrued Liabilities

12 Months Ended

Dec. 31, 2022

Accounts Payable and Accrued Liabilities

Accounts Payable and Accrued Liabilities

11. Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consisted of the following:


Accounts payable and accrued liabilities	December 31, 2022		December 31, 2021
Accounts payable	$	49,261	$	37,777
Accrued interest expense		2,983		2,752
Accrued payroll		1,626		2,951
Due to Jupiter Sellers		2,800		2,800
Other current payables/liabilities⁽¹⁾		1,500		3,202
Total accounts payable and accrued liabilities	$	58,170	$	49,482

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(1)

Includes amounts such as accrued host agreement due, accrued freight, loyalty liability and sales tax payable.

For some of its locations, the Company offers a loyalty reward program to its dispensary customers. The loyalty points are accrued when earned as a liability and reduction of revenues. The amount earned is deferred until the loyalty points are redeemed or expire. As of December 31, 2022 and 2021, the loyalty liability totaled $159 and $189, respectively, which is included in accounts payable and accrued liabilities on the consolidated balance sheets.