Annual report pursuant to Section 13 and 15(d)

CONTINGENCIES AND COMMITMENTS

v3.22.1
CONTINGENCIES AND COMMITMENTS
12 Months Ended
Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]  
CONTINGENCIES AND COMMITMENTS CONTINGENCIES AND COMMITMENTS
The Company is involved in various legal claims and actions arising in the normal course of the Company’s operations. Although the outcome of these claims cannot be predicted with certainty, the Company does not expect these matters to have a material adverse effect on the Company’s financial position, cash flows or results of operations.
Lease Commitments
The Company and its subsidiaries lease its office facilities and cannabis related facilities in 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
2022 $ 1,910 
2023 1,562 
2024 845 
2025 337 
2026 152 
Thereafter 286 
Total $ 5,092 
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 $2,350 for insurance coverage. In 2020, the Company was committed to pay approximately $2,800 for insurance coverage. See Note 12 for information on the Company's debt obligations.