Lowell Farms Inc. Commences Sales of Its New Preroll: The Lowell 35

Rhea-AI Summary

Lowell Farms Inc. (CSE: LOWL; OTCQX: LOWLF) has launched its new product, Lowell 35’s, a premium pre-roll available at select California dispensaries. This product aims to blend the quality of raw flower with the convenience of vape pens, according to Chairman George Allen. The innovative packaging is eco-friendly, while the launch offers a promotional price of $1 to the first 100 customers at participating locations starting September 29, 2022. Lowell Farms is a vertically integrated cannabis company dedicated to quality and sustainable practices.

Positive

• Launch of Lowell 35’s pre-roll product expected to attract new customers.
• Innovative and eco-friendly packaging enhances brand image.
• Promotional pricing strategy may boost initial sales and customer engagement.

Negative

• None.

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SALINAS, Calif.--(BUSINESS WIRE)-- Lowell Farms Inc. (the “Company”) (CSE: LOWL; OTCQX: LOWLF), a California-born innovator in cannabis cultivation and maker of the iconic Lowell Smokes brand, is announcing the commercial availability of its much anticipated: Lowell 35’s, available at select dispensaries across California.

“We see the 35’s as putting an end to the compromise between convenience and quality within cannabis,” said George Allen, Chairman. “The 35’s are made for people who love to smoke. These new prerolls rival the taste and flavor of raw flower while also matching the convenience of a vape pen.”

The packaging for Lowell’s new 35’s is innovative and responsible – paper based - small, lightweight, and is impressively easy to fit into a pocket.

Lowell 35’s pre-roll will hit retailers throughout California beginning at 5 p.m. on Thursday, Sept. 29. To celebrate the launch, participating dispensaries will be selling 35’s for just $1 to the first 100 customers at each location. A full list of locations can be found here.

More information about Lowell Farms Inc. brands can be found at lowellfarms.com.

ABOUT LOWELL FARMS INC.

Lowell Farms Inc. (CSE:LOWL; OTCQX:LOWLF) (the “Company”) is a California-based vertically-integrated cannabis company with advanced production capabilities supporting every step of the supply chain, including cultivation, extraction, manufacturing, brand sales, marketing, and distribution. Lowell Farms grows artisan craft cannabis with a deep love and respect for the plant, and prides itself on using sustainable materials – from seed to sale – to produce an extensive portfolio of award-winning originals, including Lowell Herb Co, Cypress Cannabis, MOON, and Kaizen Extracts, for licensed retailers statewide.

Forward-Looking Information and Statements

This news release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved.” The forward-looking information and forward-looking statements contained herein may include, but are not limited to, the ability of the Company to successfully achieve its business objectives, including as a result of the described acquisition, and expectations for other economic, business, and/or competitive factors. There can be no assurance that such forward-looking information and statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such forward-looking information and statements. This forward-looking information and statements reflect the Company’s current beliefs and are based on information currently available to the Company and on assumptions the Company believes are reasonable.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: general business, economic, competitive, political and social uncertainties; general capital market conditions and market prices for securities; operating and development costs; competition; changes in legislation or regulations affecting the Company; the timing and availability of external financing on acceptable terms; the available funds of the Company and the anticipated use of such funds; favorable production levels and outputs; the stability of pricing of cannabis products; the level of demand for cannabis product; the availability of third-party service providers and other inputs for the Company’s operations; lack of qualified, skilled labor or loss of key individuals; and risks and delays resulting from the COVID-19 pandemic. A description of additional assumptions used to develop such forward-looking information and a description of additional risk factors that may cause actual results to differ materially from forward-looking information can be found in the Company’s disclosure documents, such as the Company’s annual information form filed on the SEDAR website at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned that the foregoing list of factors is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement.

The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. However, the Company expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.

Neither the Canadian Securities Exchange nor its Regulation Service Provider has reviewed, or accepts responsibility for the adequacy or accuracy of, the content of this news release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220929005752/en/

Lowell Farms Inc. Media Contact

pr@lowellfarms.com



Lowell Farms Inc. Investor Relations Contact

Bill Mitoulas

416.479.9547

ir@lowellfarms.com



Lowell Farms Inc. Company Contact

Mark Ainsworth

ir@lowellfarms.com

Source: Lowell Farms Inc.

FAQ

What is Lowell Farms' new product announced in the press release?

Lowell Farms has launched a new pre-roll product called Lowell 35’s.

When will Lowell 35’s be available for purchase?

Lowell 35’s will be available starting at 5 p.m. on September 29, 2022.

How much do Lowell 35’s pre-rolls cost during the launch promotion?

During the promotion, Lowell 35’s will be sold for $1 to the first 100 customers at participating dispensaries.

What are the key features of Lowell 35’s pre-rolls?

Lowell 35’s pre-rolls combine the flavor of raw flower with the convenience of a vape pen and feature eco-friendly packaging.

What is the stock symbol for Lowell Farms?

The stock symbol for Lowell Farms is LOWLF on the OTCQX and LOWL on the CSE.