Lowell Farms (LOWLF) Announces $18M Private Placement
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Lowell Farms Inc. Announces Closing of US$18 Million Equity Private Placement
August 31, 2021 7:30 AM EDTSALINAS, Calif., Aug. 31, 2021 (GLOBE NEWSWIRE) -- Lowell Farms Inc. (the Company) (CSE: LOWL; OTCQX: LOWLF), a California-born innovator in cannabis cultivation, manufacturer, distributor and owner of the legendary brand Lowell Smokes, announced that it has completed a US$18 million non-brokered private placement of common equity.
The offering (the Offering) consists of 18 million units of the Company (the Units) for a purchase price of US$1.00 per Unit or aggregate gross proceeds of US$18.0 million. Each Unit is comprised of one subordinate voting share of the Company (a... More
