Quarterly report pursuant to Section 13 or 15(d)

RELATED PARTY TRANSACTIONS (Tables)

v3.24.3
RELATED PARTY TRANSACTIONS (Tables)
 9 Months Ended
Sep. 30, 2024
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The Company had the following related party transactions:
Three Months Ended September 30, Nine Months Ended September 30, As of
2024 2023 2024 2023 September 30, 2024 (unaudited) December 31, 2023
Nature of transaction Related Party Expense Related Party Expense Related Party Payable
12% Second Lien Notes - interest expense and principal amount (1)
$ (608) $ (538) $ (1,760) $ (1,622) $ (20,901) $ (19,788)
Term Loans - interest expense and principal amount (2)
$ (328) $ —  $ (328) $ —  $ (16,000) $ — 
Other debt (3)
$ —  $ —  $ —  $ —  $ —  $ (3,298)
(1)For the periods ended September 30, 2024 and December 31, 2023, the Second Lien Notes payable and the related interest expense includes amounts related to the Company’s Chief Executive Officer, as well as a significant investor.
(2)For the period ended September 30, 2024, the Term Loans payable and the related interest expense includes amounts related to the Company’s Chief Executive Officer, as well as a significant investor, who each participated as Term Loan lenders in the Company’s senior secured term loan refinancing completed in July 2024 in the principal amounts of $9,000 and $7,000 respectively, and also received 3,600,000 Warrants and 2,800,000 Warrants, respectively. Refer to Note 8 - Debt for more information.
(3)Other debt relates to Jushi Europe which was deconsolidated during the three months ended June 30, 2024. Refer to Note 8 - Debt for more information.