We are pleased to host George Allen, Chairman of Lowell Farms (CSE: LOWL, US OTCQX: LOWLF) and one of the cannabis industry's initial executives, as a participant in the Viridian Capital Cannabis Expert Series. Lowell is a leading California cannabis company with a growing cultivation and production footprint and a recently launched a third-party processing business. We believe the third-party processing business is a first of its kind in California and can be a differentiator for the company. Lowell is well known for its Lowell Herb Co. pre-rolls brand which is sought after throughout California and will be made available through a licensing agreement in Illinois and Massachusetts this quarter.
Lowell Farms (at the time called Indus Holdings) was one of our initially covered companies (Buy Rated; $1.60 Price Target); we continue to view the company as one of the best positioned operators in California to consolidate that fragmented market and benefit from profitable growth along the way.
We invite you to join an open discussion with Mr. Allen, hosted by Viridian's Director of Equity Research Jon DeCourcey on Wednesday, September 8th at 10 AM EST.
Topics to include:
-Lowell Farms' differentiated business with a particular focus on the branded products offering and new third-party processing business.
-The California cannabis market. Ongoing trends impacting consumers and operators, pricing dynamics, legislation and consolidation.
-Brand development and licensing in the cannabis market.
-General US cannabis commentary and how Mr. Allen views the opportunity for undersized single state operators like Lowell Farms.