TILT Holdings Inc. Quarterly report pursuant to Section 13 or 15(d)

Massachusetts Lease Liability (Tables)

6 Months Ended

Jun. 30, 2024

Future minimum lease payments under the Company’s non-cancellable leases as of June 30, 2024 are as follows:


Year ended December 31,	Finance		Operating
Remainder of 2024	$	752	$	1,225
2025		1,212		2,490
2026		926		2,553
2027		916		2,618
2028		310		2,637
2029 and thereafter		70		25,664
Total undiscounted lease liabilities		4,186		37,187
Interest or discount on lease liabilities		(523)		(24,335)
Total present value of minimum lease payments		3,663		12,852
Lease liability - current portion		(1,273)		(92)
Lease liability	$	2,390	$	12,760

Future minimum lease payments for the Massachusetts Lease Liability as of June 30, 2024 are as follows:


Year ended December 31,	Amount
Remainder of 2024	$	2,255
2025		4,581
2026		4,695
2027		4,812
2028		4,933
2029 and thereafter		157,922
Total future payments		179,198
Less: Interest		(145,737)
Total present value of minimum payments		33,461
Add: Estimated ending residual value		7,712
Total	$	41,173