SALINAS, Calif. – In a deal respected at about $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 regarding the Canadian Securities Exchange on March 5, 2021 underneath the ticker symbols LOWL and LOWL.WT. Subordinate voting stocks begins exchanging regarding the OTCQX on March 5, 2021 beneath the ticker sign LOWLF.
Beehousecannabis, Lowell’s investor that is largest. “The Indus team’s commitment to growing exceptional as well as the communities they provide additionally understands Lowell’s objective to normalize in the us.”
“The (*) industry is awash in brands contending for the attention, but Lowell has increased to the top the fray as a brand name that simultaneously empowers a movement, welcomes the inquisitive, and greets the reacquainted all with a grace and beauty that other brands can simply desire to,” stated Indus Chairman (*)George Allen(*). “Every resource under our control is going to be used in unlocking Lowell’s full potential.”(*)