Lowell Farms Inc C.LOWL

quarterly financials

[SameerS]

What are your thoughts on the results?  I didnt expect anything great but atleast they are cutting costs. I think it is a bit vague as to how they expect to get to positive ebita though in first haf of 2020, but I guess its possible. I think its more likley the end of 2020 though as they need greenhouse completed, other sales to pick up, and the automation running.  I also am not sure how much management is being paid but I think too many people are on board. Well atleast president is gone, and hopefully they find a good CFO to replace current one retiring.  I myself am a CPA who bought into this company around 1.80, then again at 1.00  NOt sure what to do now as it scares me they need to raise more money already and have 10 million tied up in Oregon/Nevada. Wouldnt it make more sense to get California right first?
Anyway thoughts appreciated. Are you holding long term?
I have other questions and will try to join conference call monday

[dangla14]

I am pretty shocked by the financials. They only had 2.3 million USD in cash at Sept.30th and suposedly 14 million USD in inventories. Out of the 10 million in restricted cash, they were able to pull out 4 million USD for there day-to-day expenses they say in the MD&A. The conference call will be an interesting one, unfortunately I am in Australia and do not want to get up early to listen to

[dangla14]

I also recall Weakley saying "we are all cashed up and low CAPEX for the coming quarters" in the Q2 conference call on August.29th...yet they would have burned through a ton by then and now they need more to finish off additional greenhouses. I am stuck with my shares and hoping for a miracle this could trade down in the .60s until financing comes IMO. 

[dangla14]

conference call aug.21st*

[RockMaschine]

As a CPA you must have liked the value proposition at 1.80 and even more at 1.00 like I do. I think it was a perfect storm in which an unfulfilled contract at a known price failed to materialize in the first weeks of September. This forced the company to source from a different supplier at spot market price which was said to be double what they are accustomed to. Change in processing and failure

[SameerS]

I like your confidence. I expected stock to drop like it did today.  Its not like I don't think they want to make money, it's about whether they can. If they are burning Through cash this quickly then how can they pay for upgrades of 7 to 8 million minimum.  I hope they can get a loan of 10 million against their assets, but tough  in the space right now.  Selling

[RockMaschine]

I listened to the call and would reccommend making the move to ceo.ca which is properly moderated and a better platform. I spend more time over there. The call was good and Robert acknowledged and did a pretty good job of explaining. About 8 million in EBITDA loss was a one time occurence. It was said they would delay greenhouse development in order to assist costs. That is in response to as long