SALINAS, Calif. – In a deal respected at more or less $39.0 million in money and voting that is subordinate, Indus Holdings, Inc. acquired Lowell Herb Co. and Lowell Smokes trademark brands, product portfolio, and production assets from The Hacienda Group. In connection with the acquisition, Indus intends to change its name that is corporate to Farms Inc.
Subordinate voting stocks and warrants begins exchanging in the Canadian Securities Exchange on March 5, 2021 beneath the ticker symbols LOWL and LOWL.WT. Subordinate voting stocks begins exchanging in the OTCQX on March 5, 2021 beneath the ticker expression LOWLF.
Beehouse, Lowell’s investor that is largest. “The Indus team’s commitment to growing cannabis that are excellent the communities they provide additionally understands Lowell’s objective to normalize cannabis in the us.”“The Cannabis industry is awash in brands competing for our attention, but Lowell has risen to the top of the fray as a brand that simultaneously empowers a movement, welcomes the curious, and greets the reacquainted all with a elegance and grace that other brands can simply wish to,” stated Indus Chairman
George Allen(*). “Every resource under our control will likely to be utilized in unlocking Lowell’s full potential.”(*)