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 investing regarding the Canadian Securities Exchange on March 5, 2021 underneath the ticker symbols LOWL and LOWL.WT. Subordinate voting stocks begins investing regarding the OTCQX on March 5, 2021 underneath the ticker sign LOWLF.
“The Combination of Indus and Lowell will create a leading producer of California cannabis and the next step for the first great American cannabis brand,” said Gregory Heyman, founder of
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 are used in unlocking Lowell’s full potential.”(*)