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Indus Holdings Inc (OTCMKTS:LOWLF) Takes Over Lowell Herb Co For $39 Million: Contemplates A Name Change To Lowell Farms Inc

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Indus Holdings Inc (OTCMKTS:LOWLF) purchased Lowell Herb Co’s assets for $39 million. The deal also includes acquiring production assets, product portfolio, and Lowell Smokes brands from The Hacienda Group.

Indus will issue 22.643 million subordinate voting shares and a cash of $4.1 million to Hacienda. Following the acquisition, Hacienda will manufacture Lowell products for some time.

Lowell Herbs engages in the manufacture and distribution of highly regarded and unique premium packaged flower, concentrates, pre-roll, and vape products.

Following the takeover, Indus will change its name to Lowell Farms Inc. Its warrants and subordinate voting shares will trade on CSE with effect from March 5, 2021, under the ticker LOWLF. The existing shareholders of the company need not take any action following the name change.

The largest shareholder in Lowell and the founder of Beehouse, Gregory Heyman, said the integration of Indus with Lowell will create a leading manufacturer of cannabis in California.

The investors of Lowell will hold a stake of 9.3% in the new company. In 2020, Lowell reported revenues of $14.9 million. Its pre-rolls worth over $26 million are sold through dispensaries in 2020, an increase of 22 million from the previous year.

The self-distribution strategy of Lowell helps to satisfy just 15% of the demand of Californian dispensaries. According to Indus, its delivery model – hup and smoke allows catering 85% of the dispensaries’ requirements in California in just 24 hours.

Pays a fine of over $545,000

Lowell is charged with managing the business without a license by CDFA (the California Department of Food and Agriculture) in 2019. CDFA seized more than 1,400 pounds of marijuana and thousands of jarred cannabis products and pre-rolls in the raids.

An understanding is reached in 2020 to settle the case by paying a fine of over $545,000. It helps to preserve the licenses. However, Lowell can overcome these obstacles with the help of Indus and make it a $1 billion brand.

George Allen, Chairman of Indus, said Lowell has become a top-notch brand despite intense competition in the cannabis space. The company will use all of its resources to unlock the potential of Lowell.

Lowell Farms posted revenues of $9.2 million (down 15% YoY) in Q4 2020. The decline is on the backdrop of lower cultivation yields.

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
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BUSINESS

Constellation Brands Inc.’s (NYSE: STZ) Modelo Beer and Its Partner UFCO Completes Renovation The Void Martial Arts Gym

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Constellation  Brands Inc.’s (NYSE: STZ) Modelo beer brewed for those with The Fighting Spirit and its partner UFCO  have continued their gym revitalization efforts with renovations completion to The Void Martial Arts in South Central Austin, Texas. In September, UFC and Modelo launched a new Rebuilding Together initiative for boosting the Fighting Spirit and enhance the communities by offering renovations and repairs in select gyms in the US.

Modelo championing fighting spirit

Rene Ramos, Lifestyle and Experimental Sponsorships VP of Constellation Brands, said, “Modelo has always strived to champion those with the Fighting Spirit. We are excited to continue partnering with UFC and Rebuilding Together to uplift local gyms, like The Void, that share Modelo’s mission and commitment to creating more unified, resilient and prosperous communities.”

The Void Martial Arts, which offers Fitness kickboxing, Brazilian Jiu-Jitsu, Kickboxing, Kung Fu, Tai Chi, and Yoga, seeks to create a better society through the implementation of martial arts virtues. Besides physical training, athletes training at The Void can learn values such as courtesy, discipline, humility, patience, kindness, and integrity, improving the Austin community.

The Void gym teaches more than fighting

The Void owner Bart Butler said, “Our gym is designed to teach more than just fighting techniques. We enable people to be the best versions of themselves and much of that comes from the willpower, perseverance and courage that martial arts teaches. I am so grateful that Modelo, UFC and Rebuilding Together selected our gym to be a part of their revitalization efforts so I can give my athletes the top-notch training experience they deserve.”

Caroline Blakely, Rebuilding Together CEO, said, “Given our shared passion for investing in communities, working alongside Modelo and UFC has been a great opportunity for us to make an even greater impact nationwide. This initiative allows us to breathe fresh air into community spaces that play an important role in the health and overall well-being of its residents.”

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
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Nextleaf Solutions Ltd. (OTCMKTS: OILFF) Announce Major Metrics of The First Month of Glacial Gold Launch

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Nextleaf Solutions Ltd. (OTCMKTS: OILFF) has announced major metrics from the Glacial Gold launch in British Columbia. Seven total stock-keeping units were part of Glacial Gold’s maiden sales, consisting of three distilled oil SKUs and four 1g vape SKUs.

Nextleaf shipped its first order on September 3

The company shipped the first order on September 3, 2021, to BCLDB with more than 20,000 Glacial Gold distilled oils and vape cartridges shipped to BCLDB over four weeks.  The retail value for the shipped units was $750,000. So far, the retail penetration rate is more than 50%, with Glacial Gold products sold to over half of B.C’s 370 private and government t retail outlets.

Glacial Gold’s initial vape assortment is available in two potency levels to accommodate a consumer’s tolerance level or use occasion. For cannabis fans looking for an enhanced experience and connection, the Session THC Vape offers a complete dosage THC profile. For users searching for a more moderate, go-to vape, the Anytime 1:1 Vape is developed with a balanced CBD AND THC profile. Glacial Fresh Mint, reminiscent of fresh-picked berries from the Okanagan, and Berry Lemonade, reminiscent of invigorating alpine fragrances of B.C. backcountry, are some of the available flavors.

Glacial Gold features organic MCT

Interestingly, the Glacial Gold Distilled CBD 50 oil, Distilled 30/30 Blend, and Distilled THC 30 Oil also features premium cannabis distillate in an organic medium-chain triglycerides (MCT) oil. They offer a clean-tasting and neutral oil that allow for enhanced flexibility in consumption and use occasions.

Nextleaf CEO and co-founder Paul Pedersen said, “We’re excited how the Glacial Gold™ brand of Session and Anytime vapes and Distilled Oils has resonated amongst private retailers and consumers across British Columbia. We’ve launched Glacial Gold™ with the goal of holding a top five category position with our vapes and oils by delivering on the brand promise of unparalleled value through high-quality products at accessible price points.”

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
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Cartel Blue Inc. (OTCMKTS: CRTL) And ROOT WISE LLC Enter Purchase Agreement For HINA Harvested Crops

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Cartel Blue Inc. (OTCMKTS: CRTL) has announced a purchase agreement to regularly buy Hina harvested crops from ROOT WISE  LLC in Honolulu, Hawaii. The company has corporate offices at 555E ocean Blvd, Suite 510, Long Beach, CA 90802.

Cartel Blue enters purchase order agreement

So far, the company has announced an agreement between the CEO and reception of Corporate Resolutions to go ahead. In addition, Cartel Blue announced the new agreement for large-scale orders once it received resolutions from an established grower of Hawaiian premium hemp products.

ROOT WISE values native Hawaiian heritage and farming techniques. Its goal is to establish and run a committed, diverse, and long-term Hawaiian Indigenous Natural Agriculture (HINA) program. Combining conventional Hawaiian indigenous natural farming practices that have been exercised for centuries with contemporary agricultural practices such as Korean Natural Farming, Permaculture, Bio-Dynamic farming methods, Organic Farming, and others will help establish and undertake a new successful company that will benefit Foster Children in and around Hawaii.

Additionally, ROOT Wise has three more divisions, including HEMP Robotics, ROOS Botanicals, and ROO Farming and Lab for growing procedures and new strains. Established in 20219, ROOT Wise continues to expand globally via participatory faming and co-operatives. Around 10% of ROOT WISE’s proceeds go to supporting foster children.

Cartel Blue and ROOT WISE to co-brand products

Cartel Blue, Inc. will also be granted the right to brand RWI products with the “Product of the Kingdom of Hawaii” and “Hawaii Grown” trademarks wherever Cartel Blue products are sold worldwide. The two companies decided to co-brand their products and help each other market and sell them through catalogs and onsite inventory displays in all of their respective areas. Therefore this allows RWI items to be offered in all Hawaii retail locations and markets under the Cartel Blue catalogs and physical displays, retail outlets and wholesale, and Cartel Blue labeled and white labeled goods.

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
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