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

Quarterly report pursuant to Section 13 or 15(d)

Accounts Payable and Accrued Liabilities

Accounts Payable and Accrued Liabilities

9 Months Ended

Sep. 30, 2023

Accounts Payable and Accrued Liabilities

Accounts Payable and Accrued Liabilities

10. Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consisted of the following:


Accounts payable and accrued liabilities	September 30, 2023		December 31, 2022
Accounts payable	$	45,587	$	49,261
Accrued interest expense		—		2,983
Accrued payroll		2,183		1,626
Due to Jupiter Sellers		—		2,800
Other current payables/liabilities⁽¹⁾		1,214		1,500
Total accounts payable and accrued liabilities	$	48,984	$	58,170

(1)Includes amounts such as accrued host agreement due, accrued freight, loyalty liability, and sales tax payable.

Loyalty Liability

For some of its locations, the Company offers a loyalty reward program to its dispensary customers. The loyalty points are accrued when earned as a liability and reduction of revenues. The amount earned is deferred until the loyalty points are redeemed or expire. As of September 30, 2023 and December 31, 2022, the loyalty liability totaled $137 and $159, respectively, which is included in accounts payable and accrued liabilities on the condensed consolidated balance sheets.