TILT Holdings Inc. Quarterly report [Sections 13 or 15(d)]

Massachusetts Lease Liability (Tables)

3 Months Ended

Mar. 31, 2025

Future minimum lease payments under the Company’s non-cancellable leases as of March 31, 2025 are as follows:


Year ended December 31,	Finance		Operating
Remainder of 2025	$	1,464	$	1,873
2026		1,449		2,553
2027		1,455		2,618
2028		866		2,637
2029		642		2,550
2029 and thereafter		11,114		23,114
Total undiscounted lease liabilities		16,990		35,345
Interest or discount on lease liabilities		(10,253)		(22,554)
Total present value of minimum lease payments		6,737		12,791
Lease liability - current portion		(1,063)		(138)
Lease liability	$	5,674	$	12,653

Future minimum lease payments for the Massachusetts Lease Liability as of March 31, 2025 are as follows:


Year ended December 31,	Amount
Remainder of 2025	$	5,954
2026		4,695
2027		4,813
2028		4,933
2029		5,056
2030 and thereafter		162,907
Total future payments		188,358
Less: Interest		(151,735)
Total present value of minimum payments		36,623
Add: Estimated ending residual value		7,712
Total	$	44,335