Lowell Farms (TSE:LOWL) has released an update.
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Lowell Farms Inc. has embarked on a strategic expansion in the California cannabis market by initiating management service agreements with two Los Angeles-based cannabis retail dispensaries, and securing an option to purchase them. This move aims to enhance the company’s operational efficiency and market reach by integrating these retail operations into its existing distribution and brand management structure, offering greater control throughout the supply chain.
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