Sector: Healthcare | Industry: Healthcare Facilities & Services |
Company Contact | |
Address: | 19 Quail Run Circle - Suite B SALINAS CA 93907 |
Tel: | N/A |
Website: | https://www.lowellfarms.com |
IR: | See website |
Key People | ||
Ann Lawrence Chairman of the Board | Mark Ainsworth Chief Executive Officer, Director | Jamie Schniedwind Chief Financial Officer |
Business Overview |
Lowell Farms Inc. is a cannabis company with vertically integrated operations, including cultivation, extraction, processing, manufacturing, branding, packaging and wholesale distribution to retail dispensaries. The Company manufactures and distributes proprietary and select third-party brands throughout the State of California. It also provides manufacturing, extraction and distribution services to select third-party cannabis and cannabis branding companies and sells proprietary bulk flowers and brokers third-party bulk flowers to licensed distribution and manufacturing companies in California. Its brands include Lowell Smokes, Lowell Herb Co, House Weed, Kaizen, Moon, Original Pot Company, Flavor Extracts, Humble Flower and Cypress Cannabis. The Company operates approximately 40,000-square-foot of processing facility, a 15,000-square-foot manufacturing and laboratory facility in Salinas, California, and laboratory facility in Salinas, California, and others. |
Financial Overview |
For the fiscal year ended 31 December 2023, Lowell Farms Inc revenues decreased 35% to $28.3M. Net loss increased 52% to $37.3M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Administrative increase of 22% to $2.3M (expense), Professional fees increase of 13% to $527K (expense). |
Employees: | 317 as of Jun 30, 2020 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $25.50M as of Dec 31, 2023 |
Annual revenue (TTM): | $38.61M as of Dec 31, 2023 |
EBITDA (TTM): | -$19.95M as of Dec 31, 2023 |
Net annual income (TTM): | -$51.01M as of Dec 31, 2023 |
Free cash flow (TTM): | -$8.44M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $23.50M as of Dec 31, 2023 |
Shares outstanding: | 36,281,132 as of Mar 26, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |