Lowell Farms Inc. - Subordinate Voting Shares
ABOUT LOWELL FARMS INC.
Lowell Farms Inc. (CSE:LOWL; OTCQX:LOWLF) is California-based vertically-integrated cannabis company with advanced production capabilities supporting every step of the supply chain, including cultivation, extraction, manufacturing, brand sales, marketing, and distribution. Founded in 2014 as Indus Holdings, Inc, Lowell Farms grows artisan craft cannabis with a deep love and respect for the plant, and prides itself on using sustainable materials – from seed to sale – to produce an extensive portfolio of award-winning original and licensed brands, including Lowell Herb Co, Cypress Cannabis, MOON, House Weed and Kaizen Medicinals, for licensed retailers statewide.
Investor Note: In addition to the 69,120,995 Subordinate Voting Shares that are listed and trading, there are 200,537,065 Subordinate Voting Shares reserved for issuance pursuant to the redemption rights attached to certain classes of equity shares of Lowell’s subsidiary that are issued and outstanding but not listed and pursuant to the exercise, conversion or vesting of certain outstanding securities of Lowell and Lowell’s subsidiary. The total number of issued shares assuming all are redeemed, converted or exercised or become vested, as applicable, into the listed class would be 256,195,212.
Lowell Farms Inc. - Subordinate Voting Shares (LOWL)
le 29 août/August 2023
Lowell Farms Inc. has announced a consolidation of its issued and outstanding common shares on the basis of one (1) post-consolidated common share for every ten (10) pre-consolidated common shares.
As a result, the outstanding shares of the company will be reduced to approximately 11,276,190 common shares.
The name and symbol will not change.