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home / news releases / LOWLF - Lowell Farms sells additional $2.2M convertible debentures

LOWLF - Lowell Farms sells additional $2.2M convertible debentures

Lowell Farms Corp Sub Vtg Sh
  • Lowell Farms ( OTCQX:LOWLF ) said Friday it sold an additional $2.2M of senior secured convertible debentures of its unit Indus Holding, bringing the total to $6.4M.
  • This includes the sale of convertible debentures announced last week .
  • The additional convertible debentures are convertible into 9.3M subordinate voting shares with respect to principal and additional subordinate voting shares upon conversion of accrued and unpaid interest.
  • Investors in the additional debentures received warrants to buy 9.3M subordinate voting shares and warrants of Indus Holding to buy 14M non-voting shares of Indus.
  • Proceeds from the sale of additional debentures will be used for working capital purposes, automation investments and expansion into new markets.

For further details see:

Lowell Farms sells additional $2.2M convertible debentures
Stock Information
Company Name: Lowell Farms Corp Sub Vtg Sh
Stock Symbol: LOWLF
Market: OTC
Website: lowellfarms.com
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