AAWH - Lowell Farms: Q3 Weakness On Pricing Pressure; Possible Winner In California

• Q3/21 miss on pricing pressure.
• Expect lower flower pricing to continue into 2022.
• Pricing pressure furthers our positive view on LOWLF’s differentiated initiatives put in place by management including brand acquisition, buildout of processing business and decision not to acquire additional cultivators.
• Initial contributions reflected from new processing business and licensing arrangement with Ascend. Expect both to scale in 2022.
• Could be a takeout candidate by an MSO looking to gain California exposure and sought after brand.

For further details see: