DEBT (Tables)

3 Months Ended

Mar. 31, 2023

The components of the Company’s debt are as follows:


	Effective Interest Rate	Maturity Date	March 31, 2023		December 31, 2022
Principal amounts:
Second Lien Notes	15%	December 2026	$	73,933	$	73,182
Acquisition Facility	15%	December 2024	65,000		65,000
Acquisition-related promissory notes payable	8% - 18%	August 2024 - April 2027	57,216		57,216
Other Debt (1)	7% - 9%	March 2022 - July 2027	12,860		10,960
Total debt - principal amounts			$	209,009	$	206,358
Less: debt issuance costs and original issue discounts			(15,668)		(17,096)
Total debt - carrying amounts			$	193,341	$	189,262
Debt - current portion			$	11,734	$	8,704
Debt - non-current portion			$	181,607	$	180,558

(1) Includes Jushi Europe debt. Refer to Note 15 - Related Party Transactions for more information.

Schedule of Future Contractual Debt Maturities

As of March 31, 2023, aggregate future contractual maturities of the Company’s debt are as follows:


	Remainder of the year		2024		2025		2026		2027		Total
Second Lien Notes	$	—	$	—	$	—	$	73,933	$	—	$	73,933
Acquisition Facility	4,875		60,125		—		—		—		65,000
Acquisition-related promissory notes payable	3,448		22,385		1,970		6,971		22,442		57,216
Other debt (1)	3,407		165		178		189		8,921		12,860
Total	$	11,730	$	82,675	$	2,148	$	81,093	$	31,363	$	209,009

(1)The other debt amounts due for the remainder of the year include the Jushi Europe debt, which became due in 2022 and is not expected to be settled and/or repaid until the completion of the liquidation of Jushi Europe. Refer to Note 15 - Related Party Transactions for additional information.

Schedule of Interest Expense

Interest expense, net is comprised of the following:


	Three Months Ended March 31,
	2023		2022
Interest expense
Interest and accretion - 10% Senior Notes	$	—	$	5,398
Interest and accretion - Second Lien Notes	2,344		—
Interest and accretion - Finance lease liabilities	2,349		2,901
Interest and accretion - Promissory notes	1,536		737
Interest and accretion - Acquisition Facility	2,296		1,360
Interest and accretion - Other debt	185		479
Capitalized interest	(188)		(744)
Total interest expense	$	8,522	$	10,131
Interest income	(2)		(15)
Total interest expense, net	$	8,520	$	10,116