California Cannabis Co. Pays Off Debt, Here's What's Next
Portfolio Pulse from Jelena Martinovic
California-based Lowell Farms Inc. (OTCQX:LOWLF) has repurchased all of the $22,157,417 aggregate principal amount of outstanding senior secured convertible debentures of its subsidiary, Indus Holding Company. The holders received membership interests in LF Brandco LLC and 6,849,572 subordinate voting shares, representing approximately 36% of the company's consolidated, undiluted equity interests. The voting agreement of the company has been terminated.
October 06, 2023 | 1:23 pm
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Lowell Farms Inc. has repurchased all outstanding debentures of its subsidiary, Indus Holding Company. This could potentially strengthen the company's financial position.
The repurchase of all outstanding debentures of its subsidiary by Lowell Farms Inc. indicates a strong financial position and could potentially lead to an increase in investor confidence, thereby positively impacting the stock price.
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