Quarterly report pursuant to Section 13 or 15(d)

RELATED PARTY TRANSACTIONS (Tables)

v3.23.1
RELATED PARTY TRANSACTIONS (Tables)
 3 Months Ended
Mar. 31, 2023
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The Company had the following related party transactions:
Three Months Ended March 31, As of
2023 2022 March 31, 2023 (unaudited) December 31, 2022
Nature of transaction Related Party Expense Related Party Payable
10% Senior Notes - interest expense and principal amount
 $ —  $ (9) $ —  $ — 
12% Second Lien Notes - interest expense and principal amount (1)
$ (521) $ —  $ (18,241) $ (17,491)
Other debt (2)
$ —  $ —  $ (3,250) $ (3,189)
(1)For the periods ended March 31, 2023 and December 31, 2022, the Second Lien Notes payable and the related interest expense includes amounts related to a director as well as a significant investor.
(2)Other debt relates to Jushi Europe. On February 16, 2022, Jushi Europe filed a notice of over-indebtedness with the Swiss courts. Then, the Swiss courts declared Jushi Europe’s bankruptcy on May 19, 2022. As a result, Jushi Europe updated its corporate name to Jushi Europe SA in liquidation, which is still on-going.