Lowell Farms Announces Sale Leaseback Transaction for Processing Facility

SALINAS, Calif., May 23, 2023 (GLOBE NEWSWIRE) — Lowell Farms Inc. (“Lowell Farms” or the “Company”) (CSE:LOWL; OTCQX:LOWLF), a leading, vertically-integrated, California-based cannabis company, announces the closing of sale leaseback transaction with New Wilston Associates, LLC (the “Buyer”) pursuant to which Lowell SR LLC, a subsidiary of the Company, has sold its drying and midstream facilities.

Impact on Individuals

As an individual, the sale leaseback transaction announced by Lowell Farms may not have a direct impact on you. However, it is indicative of the growing trend of cannabis companies looking for creative ways to raise capital and expand their operations.

Impact on the World

From a broader perspective, transactions like the sale leaseback deal by Lowell Farms can have a ripple effect on the cannabis industry and the economy as a whole. By freeing up capital through such transactions, companies like Lowell Farms can invest in research and development, create job opportunities, and contribute to the growth of the legal cannabis market.

Conclusion

In conclusion, the sale leaseback transaction announced by Lowell Farms is a strategic move that can help the company strengthen its position in the competitive cannabis industry. While the direct impact on individuals may be limited, the broader implications of such deals can shape the future of the cannabis market and drive innovation and growth.