Lowell Farms Announces Share Consolidation
Portfolio Pulse from Vuk Zdinjak
Lowell Farms Inc. (OTCQX:LOWLF) (CSE:LOWL) is consolidating all of its subordinate voting shares on a 1-for-10 basis, effective August 31, 2023. The number of issued and outstanding subordinate voting shares will be reduced from 112.8 million to approximately 11.3 million, and the number of super voting shares will be reduced from 202,590 to 20,259. The shares will continue to trade on the CSE under the symbol “LOWL” and on the OTCQX under the symbol “LOWLF” on a post-consolidation basis.
August 24, 2023 | 2:31 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Lowell Farms Inc. is consolidating its shares on a 1-for-10 basis, reducing the number of issued and outstanding shares. The shares will continue to trade under the symbol LOWLF.
Share consolidation typically does not change the value of a company, but it does reduce the number of its shares. This could potentially make the shares more attractive to investors who may perceive them as more valuable due to their higher price per share. However, the impact on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100