California Cannabis Company Lowell Farms Reports 48% YoY Revenue Decline In Q3
California cannabis company Lowell Farms Inc. (OTCQX:LOWLF) announced its unaudited revenue and operating results Thursday for the third quarter of 2024, reporting net revenue of $3.2 million, down 48% from $6.2 million in the same period last year. Net revenue decreased by 8% from $3.5 million in the second quarter of 2024.
“We’re happy to share the progress Lowell Farms made towards expanding our footprint into the California retail market,” stated co-founder and CEO Mark Ainsworth. “This strategic move marks a new chapter for us, enabling us to further showcase the strength of our brand portfolio, now in our own retail spaces and deliver an enhanced customer experience. As we focus …