Quarterly report pursuant to Section 13 or 15(d)

Commitments

v3.22.2.2
Commitments
 9 Months Ended
Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]  
Commitments
Note 10 – Commitments
In the ordinary course of business, the Company enters into contractual agreements with third parties that include
non-cancelable
payment obligations, for which it is liable in future periods. These arrangements can include terms binding the Company to minimum payments and/or penalties if it terminates the agreement for any reason other than an event of default as described in the agreement.
The following table summarizes the Company’s contractual obligations and commitments as of September 30, 2022:
 
For the twelve months ended September 30,
   
2023
     
2024
     
2025
     
2026
     
2027
  
Operating leases
    $ 7,710      $ 7,817      $ 7,942      $ 7,867      $ 7,287  
Service contracts      2,028        2        —          —          —    
Long-term debt      14,129        142        142        142        216,440  
    
 
 
     
 
 
     
 
 
     
 
 
     
 
 
  
Total
   
$
23,867
 
   
$
7,961
 
   
$
8,084
 
   
$
8,009
 
   
$
223,727
 
    
 
 
     
 
 
     
 
 
     
 
 
     
 
 
  
The Company’s commitments include payments to employees, consultants and advisors, as well as leases and construction contracts for offices, dispensaries and cultivation facilities in the U.S. and Canada. The Company has certain operating leases with renewal options extending the initial lease term for an additional one to 15 years.