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

Massachusetts Lease Liability (Tables)

9 Months Ended

Sep. 30, 2024

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


Year ended December 31,	Finance		Operating
Remainder of 2024	$	377	$	610
2025		1,212		2,490
2026		926		2,553
2027		916		2,618
2028		310		2,636
2029 and thereafter		69		25,664
Total undiscounted lease liabilities		3,810		36,571
Interest or discount on lease liabilities		(454)		(23,741)
Total present value of minimum lease payments		3,356		12,830
Lease liability - current portion		(1,148)		(102)
Lease liability	$	2,208	$	12,728

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


Year ended December 31,	Amount
Remainder of 2024	$	1,127
2025		4,581
2026		4,695
2027		4,813
2028		4,933
2029 and thereafter		157,922
Total future payments		178,071
Less: Interest		(144,421)
Total present value of minimum payments		33,650
Add: Estimated ending residual value		7,712
Total	$	41,362