Lowell Farms Inc (OTCQX:LOWLF), a vertically integrated cannabis company, reported its Q3 earnings for the period ending September 30, 2023. The California-based company announced a net revenue of $6.2 million, marking a 28% decrease from the $8.7 million reported in the same period last year.
Q3 2023 Financial Highlights
- Net revenue generated for Q3 2023 decreased 28% to $6.2 million, as compared to $8.7 million for Q3 2022.
- Net loss was $20.2 million compared to the $4.8 million reported in Q3 2022.
- Adjusted EBITDA reported a loss of $1.3 million, albeit an improvement from the negative $3.5 million in …