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Lowell Farms Inc. (C:LOWL)

Business Focus: N/A

Sector:  Healthcare Industry:  Healthcare Facilities & Services
See Regulatory Filings on SEDAR
Company Contact
Address: 19 Quail Run Cir Unit B
SALINAS CA 93907-2372
Tel: N/A
Website: N/A
Key People
George M. Allen
Chairman of the Board
Mark Ainsworth
Chief Executive Officer, Director
Brian Shure
Chief Financial Officer, Director
Jenny Montenegro
Chief Operating Officer
Kelly McMillan
Chief Compliance Officer
Business Overview
Lowell Farms Inc, formerly Indus Holdings, Inc., is a Canada-based vertically integrated cannabis company. The Company is focused on producing, cultivating, extracting, brand sales and marketing and distribution of cannabis product. The Company is supporting a range of portfolio brands, including House Weed, The Original Pot Co., MOON and Acme, Beboe. Indus Distribution, which distributor of cannabis products, servicing portfolio of brands and licensed retailers throughout California.
Financial Overview
For the six months ended 30 June 2021, Lowell FarmsInc revenues increased 35% to $26.2M. Net loss decreased64% to $6M. Revenues reflect an increase in demand for theCompany's products and services due to favorable marketconditions. Lower net loss reflects Other income (expense)increase from $25K to $1.6M (income), Share-basedcompensation decrease of 66% to $625K (expense).
Employees: 317 as of Jun 30, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $129.56M as of Jun 30, 2021
Annual revenue (TTM): $61.17M as of Jun 30, 2021
EBITDA (TTM): $0.40M as of Jun 30, 2021
Net annual income (TTM): -$7.43M as of Jun 30, 2021
Free cash flow (TTM): -$17.82M as of Jun 30, 2021
Net Debt Last Fiscal Year: $64.02M as of Jun 30, 2021
Shares outstanding: 78,805,938 as of Sep 8, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization