Cannabis Cultivation Exit To Revenue Crash: The Story Behind Lowell Farms' Q2 Loss
Portfolio Pulse from Nicolás Jose Rodriguez
Lowell Farms Inc. (OTC:LOWLF) reported a significant revenue decline and net loss for Q2 2024, driven by a decrease in bulk product revenue following its exit from a cultivation facility. The company is exploring strategic alternatives to optimize assets and reduce overhead.
August 14, 2024 | 1:53 pm
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Lowell Farms Inc. reported a significant revenue decline and net loss for Q2 2024, driven by a decrease in bulk product revenue following its exit from a cultivation facility. The company is exploring strategic alternatives to optimize assets and reduce overhead.
The significant revenue decline and net loss indicate financial instability, which is likely to negatively impact the stock price in the short term. The company's efforts to explore strategic alternatives may not provide immediate relief.
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