Quarterly report pursuant to Section 13 or 15(d)


6 Months Ended
Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]  
Note 9 - Commitments
In the ordinary course of business, the Company enters into contractual agreements with third parties that include
payment obligations, for which it is liable in future periods. These arrangements can include terms binding the Company to minimum payments and/or penalties if it terminates the agreement for any reason other than an event of default as described in the agreement.
The following table summarizes the Company’s contractual obligations and commitments as of June 30, 2021:
For the 12 months ended June 30,
Operating leases
   $ 7,545      $ 7,101      $ 7,201      $ 7,354      $ 6,755  
Service contracts
     2,700        —          —          —          —    
Long-term debt, principal
     167,903        11,998        60        67        15,999  
The payment schedule above shows amounts payable if the conversion options are not exercised by the lender of the Company’s convertible debt instruments.
Line of Credit to Zia Integrated, LLC
On May 23, 2019, the Company entered into a line of credit agreement (the “LOC Agreement”) with Zia Integrated, LLC (“Zia”), a cannabis management and consulting 
irm based in Maryland, permitting Zia drawdowns of up to an aggregate of
million. For each drawdown made by Zia, a convertible promissory note will be issued to Zia by the Company (the “Convertible Note”). As of the date of filing of the unaudited interim condensed consolidated financial statements,
drawdowns have been made on the LOC Agreement and the principal amount on the Convertible Note is $Nil (December 31, 2020 - $Nil). On August 5, 2021, the Company exercised its right to terminate the LOC Agreement and Convertible Note.