Streetbeat News

LOWLF

Lowell Farms Inc

Industry

Medicinal and Botanical Manufacturing

Open

0.02

Mkt cap

254K

Volume

35K

High

0.02

P/E Ratio

-0.01

52-wk high

0.18

Low

0.01

Div yield

N/A

52-wk low

0.01

Lowell Farms Inc (OTCQB:LOWLF), a California-based cannabis company, reported a 35% decrease in annual revenue for 2023, totaling $28.3 million, and a 19% decrease in Q4 revenue to $7.5 million. The company experienced a net loss of $37.3 million for the year and $13.1 million for Q4. Despite these challenges, Lowell Farms is optimistic about its restructuring and strategic realignments aimed at improving its operational framework and financial health.

Portfolio Pulse from Patricio Liddle

March 28, 2024 | 3:26 pm

Several cannabis companies announced executive and board changes, including Aurora Cannabis appointing Simona King as CFO and Cresco Labs promoting Greg Butler to president. Other companies like Rubicon Organics, STIIIZY INC., and Lowell Farms also made significant appointments. Additionally, board changes occurred at Charlotte’s Web Holdings and Bright Green Corporation, among others. These changes reflect ongoing shifts in the cannabis industry's leadership landscape.

Portfolio Pulse from Jelena Martinovic

February 20, 2024 | 2:11 pm

The cannabis industry is experiencing significant leadership changes as we head into 2024. The Indigenous Cannabis Industry Association (ICIA) hosted a roundtable to discuss hemp and cannabis regulation. Emerald Holding, Inc. (NYSE:EEX) promoted Emilie Lewis to oversee marketing for Marijuana Business Daily. MediPharm Labs Corp. (OTCQB:MEDIF) announced the resignation of board member Miriam McDonald. Lowell Farms Inc. (OTCQX:LOWLF) reported the departure of board member Brian Shure. Trulieve Cannabis Corp. (OTCQX:TCNNF) named Wes Getman as its new CFO, and Organigram Holdings Inc. (NASDAQ:OGI) appointed Greg Guyatt as CFO. Innocan Pharma Corporation (OTCQB:INNPF) established a team for FDA submission for its LPT CBD platform.

Portfolio Pulse from Jelena Martinovic

December 22, 2023 | 9:31 pm

Lowell Farms Inc (OTCQX:LOWLF), a cannabis company, reported a 28% decrease in Q3 revenue to $6.2 million and a net loss of $20.2 million, compared to a $4.8 million loss in Q3 2022. Despite the revenue drop and increased net loss, the company has reduced its debt and is optimistic about its restructuring strategy. Shares of LOWLF were down 11.01% to $0.24 per share.

Portfolio Pulse from Patricio Liddle

November 14, 2023 | 9:08 pm

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.

Portfolio Pulse from Jelena Martinovic

October 06, 2023 | 1:23 pm

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.

Portfolio Pulse from Vuk Zdinjak

August 24, 2023 | 2:31 pm

Lowell Farms Inc. (OTC:LOWLF) reported a 47% decrease in net revenue to $7.0 million in Q2 2023, compared to $13.2 million in Q2 2022. The company's volume was down by 37%, but prices increased by 44%. The gross margin was negative at 4.8%, leading to a loss of $0.3 million. However, the operating loss improved by 12% YoY, amounting to $2.6 million for Q2 2023. The company's shares were trading 46.20% up at $0.05 after market close on Thursday.

Portfolio Pulse from Nicolás Jose Rodriguez

August 11, 2023 | 3:31 am

A court upheld a class action lawsuit against DreamFields Inc. and Med for America Inc., makers of Jeeter Cannabis, over inaccurate THC content labels. This follows a trend of increasing litigation against cannabis companies, including SpringBig Inc., Tilray Brands, and Lowell Farms Inc.

Portfolio Pulse from Vuk Zdinjak

June 16, 2023 | 3:33 pm

Benzinga highlights new cannabis products for the summer, including Jumbodose tinctures by Naturae, Nano Oil Water Soluble CBD Hydration by Cartel Blue, Inc. (OTCPK: CRTL), Grön's line of edibles in Oregon, Sweet Dirt's THC-infused beverages, Verist's THC-infused seltzer, Hoop Tea's new flavors, Lowell Infused 35s pre-rolls by Lowell Farms Inc. (OTCQX: LOWLF), and Kanna Chews by KA! Empathogenics.

Portfolio Pulse from Joana Scopel

June 06, 2023 | 2:47 pm

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