Lowell Herb Co. obtained by Indus Holdings, Inc.

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 exchanging in the Canadian Securities Exchange on March 5, 2021 underneath the ticker symbols LOWL and LOWL.WT. Subordinate voting stocks begins exchanging in the OTCQX on March 5, 2021 underneath the ticker expression LOWLF.

Advertisement

“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

Beehousecannabis, Lowell’s investor that is largest. “The Indus team’s commitment to growing exemplary therefore the communities they provide additionally understands Lowell’s objective to normalize in the us.”

“The (*) industry is awash in brands contending for the attention, but Lowell has increased to the top the fray as a brand name that simultaneously empowers a movement, welcomes the interested, and greets the reacquainted all with a grace and beauty that other brands can simply wish to,” stated Indus Chairman (*)George Allen(*). “Every resource under our control will likely to be utilized in unlocking Lowell’s full potential.”(*)

Latest posts