DEBT (Tables)

3 Months Ended

Mar. 31, 2025

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


	Effective Interest Rate	Maturity Date	March 31, 2025 (unaudited)		December 31, 2024
Principal amounts:
Second Lien Notes	15%	December 2026	$	85,334	$	80,131
Term Loans	26%	September 2026 (1)	48,500		48,500

Acquisition-related promissory notes payable	8% - 12%	October 2025 - April 2027	28,512		22,289
Mortgage loans	6% - 10%	January 2027 - April 2028	28,903		29,054
Total debt subject to scheduled repayments			191,249		179,974
Promissory notes payable to Sammartino (2)	10%	September 2024 - September 2026	21,500		21,500

Total debt			212,749		201,474
Less: debt issuance costs and original issue discounts			(15,849)		(15,267)
Total debt, net			$	196,900	$	186,207
Debt, net - current portion			$	3,848	$	2,758
Debt, net - non-current portion			$	193,052	$	183,449

(1)Matures the earlier of (a) January 31, 2027 and (b) the date that is 91 days prior to the final maturity of the Second Lien Notes. The Second Lien Notes are set to mature December 2026.

(2)This amount is related to the promissory notes issued to Sammartino in connection with the acquisition of Nature's Remedy in September 2021. The Company currently has no obligation to pay the principal and interest. See further discussion of the Sammartino Matter in Note 16 - Commitments and Contingencies for more information.

Schedule of Future Contractual Debt Maturities

As of March 31, 2025, aggregate future scheduled repayments of the Company’s debt were as follows:


	Remainder of the year		2026		2027		2028		Total
Second Lien Notes	$	—	$	85,334	$	—	$	—	$	85,334
Acquisition-related promissory notes payable	175		6,223		22,114		—		28,512
Mortgage loans	506		690		9,389		18,318		28,903
Term Loans	2,425		46,075		—		—		48,500
Total debt subject to scheduled repayments	$	3,106	$	138,322	$	31,503	$	18,318	$	191,249

Schedule of Interest Expense

Interest expense, net is comprised of the following:


	Three Months Ended March 31,
		2025		2024
Interest expense
Interest and accretion - Second Lien Notes		$	3,103	$	2,748
Interest and accretion - Term Loans		3,190		—
Interest and accretion - Finance lease liabilities		2,475		2,668
Interest and accretion - Promissory notes		814		1,374
Interest and accretion - Acquisition Facility		—		2,152
Interest and accretion - Mortgage loans and other financing activities		602		706
Capitalized interest		(62)		—
Total interest expense		10,122		9,648
Interest income		(122)		(104)
Total interest expense, net		$	10,000	$	9,544