Lowell Farms Inc. (LOWLF)

[Marillionaire]

Lowell's Q1 cash flow from operations was negative ($900k). They'll save $1.5M a quarter in cultivation tax now that it's been wiped out, so just right there that's enough to turn them positive on cash flow from operations. That's before any benefit from no longer paying a 15% tax on distributed goods and any impact from increased CPG revenue due to the expansion of the Lowell line into different flower offerings (like the quarters of big buds), carts, and concentrates. They have the capacity to handle the added CPG revenue by diverting flower that they would have sold wholesale, so margins will expand as they make more efficient use of their facilities.