Wednesday, June 22, 2022 12:46:46 AM
Headwinds:
- ongoing sector illiquidity, general market weakness and possible upcoming consumer recession.
- State regulatory and taxation stranglehold on the industry driving bankruptcies while emboldening/growing the illicit market.
- Federal legislative blockade on industry support and reform along with punitive 280e taxation clause.
- Cali outdoor supply glut hemorrhaging margins and will need a large amount of suppliers to come offline to reach the bottom.
Tailwinds:
- Proposed California cultivation tax moratorium as of July 1. If it passes, that is about $160 a pound or close to $6.4M in annual savings for Lowell.
- Q1 was low water mark for the LFS segment as they shift from outdoor clients to a more consistent supply source of indoor grown product.
- The team has done a remarkable job at reducing opex and managing their very tight cash position and appear on the brink of profitability.
- The Lowell 35 pre roll rollout this summer appears to be an industry disruptor setting a standard of exceptional quality for deep value that could steal significant share at a pricing point that only scaled up highly efficient operations could compete with.
- Continuing licensee success and expansion with very limited costs or marketing.
Recent LOWLF News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/13/2024 09:00:57 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/13/2024 09:00:13 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2024 05:08:33 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/14/2024 09:11:24 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/14/2024 09:00:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 06:59:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/06/2023 06:44:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/26/2023 04:35:03 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/12/2023 09:17:44 PM
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