California Cannabis Company Lowell Farms Will Manage 2 Retail Dispensaries In LA, Deal Also Includes Acquisition Option
California cannabis company, Lowell Farms Inc. (CSE:LOWL, OTCQX:LOWLF) entered into management services agreements with two cannabis retail dispensaries located in Los Angeles, California.
Under the terms of the agreements, Lowell Farms’ wholly-owned subsidiary Mercati Dei Fiori, LLC, will assume operational management of the retail stores Rose Collective in Venice and Sunnyside Collective in Westwood. The deal also contains an option for Lowell Farms to acquire equity ownership through a nonbinding letter of intent.
“These agreements mark a significant milestone for Lowell Farms as we continue to navigate the difficult California cannabis landscape,” stated Ann Lawrence, executive chair of the board. “This partnership is built on shared values and a unified vision for …