Lowell Farms Inc. (LOWLF)

[kahlua]

Finished building my position. I view these prices as absolute gift shares similar to the ones I picked up when George came in to recap Indus over two years ago.

In terms of Cali:
The cultivation tax is out as of July 1.
Excise remains unchanged at 15%.
Retail dispensary license growth is finally gaining steam. 150 new licenses issued state wide since February.
Wholesale glut is still an issue - all the more reason for Lowell to funnel as much of their product through a growing retail channel.

Listening to George’s last 2 presentations it’s clear he is Lowell’s brand ambassador; he’s talking about an industrial scale pre-roll platform here, while completely unafraid to share his entire playbook with investors and competitors alike, which speaks to a level of immense confidence in their platform and this marquee product.

Lowell 35’s (rolling out soon) have huge product disruptor potential. I’m excited to see what kind of sales numbers we will see in coming quarters. I’d imagine there will be some cannabalization of the higher priced Lowell smokes sku but it’s clear the 35’s are being designed as a customer go-to product, a high velocity sku that only efficiently scaled up competitors will be able to try and price match. With one product rollout George is going after packaged flower, pre-rolls and illicit competitors. Very very large addressable market up for grabs. My money is on George and team. All imo.