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California Cannabis Leader Repurchases All Outstanding Senior Secured Convertible Indebtedness

SALINAS, Calif., Oct. 06, 2023 (GLOBE NEWSWIRE) — Lowell Farms Inc. (the “Company”) (CSE: LOWL; OTCQX: LOWLF), a California-born vertically integrated cannabis company with advanced production capabilities including cultivation, extraction, manufacturing, and distribution, announced today that it has repurchased all of the $22,157,417 aggregate principal […] The post Lowell Farms Inc. Announces Repurchase…

Hey there Lowell Farms Inc. fans! We have some exciting news to share with you today. Our California-based cannabis company has made a big move by repurchasing all of our outstanding senior secured convertible indebtedness. This means that we are taking control of our financial future and positioning ourselves for even greater success in the cannabis industry.

Lowell Farms Inc. is known for our high-quality products and innovative approach to cultivation, extraction, manufacturing, and distribution. By repurchasing this debt, we are demonstrating our commitment to financial stability and growth, ensuring that we can continue to provide top-notch cannabis products to our customers.

We are thrilled to be at the forefront of the California cannabis market and are excited to see where this strategic move takes us. Stay tuned for more updates from Lowell Farms Inc. as we continue to lead the way in the world of cannabis!

How Will This Affect You?

As a consumer, this repurchase of our outstanding debt by Lowell Farms Inc. means that you can have even more confidence in the quality and reliability of our products. By taking control of our financial situation, we are ensuring that we can continue to deliver top-notch cannabis products to our customers without any disruptions in supply or quality.

How Will This Affect the World?

Lowell Farms Inc.’s repurchase of all outstanding senior secured convertible indebtedness is a significant move in the world of cannabis. By demonstrating financial stability and commitment to growth, we are setting a positive example for other companies in the industry. This move will likely have a ripple effect, encouraging other cannabis companies to prioritize financial health and sustainability.

Conclusion

Thank you for joining us on this exciting journey as Lowell Farms Inc. continues to make waves in the California cannabis market. With our recent repurchase of all outstanding senior secured convertible indebtedness, we are solidifying our position as a leader in the industry and setting the stage for even greater success in the future. Stay tuned for more updates and announcements from Lowell Farms Inc. as we continue to innovate and grow!