the state of being responsible for something "liabilities" is very very wide term it covers rental of equipment ,mortgage and legal dispute.
I think two years back they put $90million from the class action as liability. N had to pay $500,000 namaste money, rest of that(Close to $5 million) was paid by insurance
Liability...the state of being responsible for something, especially by law....
CannMart Inc. entered into a definitive supply agreement with 8528934 Canada Ltd. d/b/a 7ACRES [AKA Supreme Cannabis FIRE.T] dated January 24, 2018 under which it committed to purchase a minimum annual quantity of 1,000 kilograms of premium dried cannabis flower at $6 per gram within the calendar year 2018. The Company is currently disputing its obligations to the seller under the definitive supply agreement and the amount payable thereunder remains uncertain at this time.