General form of registration statement for all companies including face-amount certificate companies

CONTINGENCIES AND COMMITMENTS

v3.21.2
CONTINGENCIES AND COMMITMENTS
12 Months Ended
Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]  
CONTINGENCIES AND COMMITMENTS

20. CONTINGENCIES AND COMMITMENTS

Lease Commitments

The Company and its subsidiaries lease its office facilities and cannabis related facilities in Canada, the United States and Colombia under non-cancellable operating lease agreements.

Undiscounted future minimum annual lease payments for the next five years and thereafter are as follows:

Lease Commitments

   

2021

 

$

2,319

2022

 

 

1,771

2023

 

 

1,225

2024

 

 

590

2025

 

 

189

Thereafter

 

 

70

Total

 

$

6,164

Purchase Commitments

The Company does not have any commitments to purchase raw materials at specific prices under any supplier contracts. Additionally the Company is committed to pay approximately $2,800 on account of insurance coverage. See Note 12. for information on the Company’s debt obligations.