California Cannabis Company Lowell Farms Will Manage 2 Retail Dispensaries In LA, Deal Also Includes Acquisition Option
Portfolio Pulse from Nina Zdinjak
Lowell Farms Inc. has entered into management services agreements with two cannabis retail dispensaries in Los Angeles, with an option to acquire equity ownership. This move aims to enhance vertical integration and strengthen brand loyalty in the California cannabis market. Ann Lawrence has been appointed as executive chairperson to lead retail expansion efforts.
October 11, 2024 | 2:01 am
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Lowell Farms Inc. has signed management agreements with two LA dispensaries, with an option to acquire them. This strategic move aims to enhance vertical integration and market share in California's cannabis market.
The management agreements and potential acquisition of two dispensaries in LA represent a strategic move for Lowell Farms to increase its market presence and achieve vertical integration. This could lead to increased brand loyalty and market share, positively impacting the stock price.
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