Lowell Farms Inc. (CSE: LOWL; OTCQX: LOWLF), a California-born innovator in cannabis cultivation, announces unaudited revenue and operating results for the third quarter ended September 30, 2022.
“While these unaudited results are not in line with expectations, we remain confident moving into 2023 and beyond. The successful launch and positive reception that our 35's pre-roll brand has enjoyed gives us great confidence, as the market share for this coveted new product has increased substantially since the launch in September," said chairman of the board George Allen in a press release.
“The positive launch of the 35’s is proof of the solid investments we’ve made in our technology and the innovations that we’ve made as brand creators and marketers. We expect the 35’s, among other Lowell brands, to carry us to greater success in the future.”
Third Quarter Financial Highlights
- Revenue generated for the three-month period that ended September 30, 2022, was $8.7 million; a decrease of 34% sequentially and …