Lowell Farms Inc C.LOWL

Fantastic earnings

[Poffo99]

Lowell Lowell Farms Inc. reports Q2 revenue of $15.2 mil; a 53% increase from Q2 2020 and 37% increase over preceding quarter. We have a lot to be proud of, but I am particularly excited about the continued progress we are making at the cultivation level. We have spent a good portion of Q2 dialing in our automated environmental systems to continue to reach increased yields and potencies and right now we are collecting important data to provide the optimal conditions for each particular genetics. This is an exciting phase and we look forward to reporting back to you on our learnings and improvements as well as the positive impacts on our annual harvest run rate. Mark Ainsworth, CEO

[Benedictus]

Guided flat. Listen to the cc. Margins mildly pressured but bigger picture is the supply glut headwinds  significantly impacting topline. This a great company with a lot of potential to expand the brand distribution within Cali and continue with opportunistic licensing deals (early data out of AWM is fantastic but too early to be a trend just yet) but the shares are relatively expensive right