Lowell Farms (TSE:LOWL) has released an update.
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Lowell Farms Inc. reported a 48% drop in third-quarter net revenue, reaching $3.2 million as compared to the previous year, amid a challenging California cannabis market. Despite the decline, the company is optimistic about its strategic expansion into retail dispensary management, aiming to strengthen its brand presence and promote sustainable growth.
For further insights into TSE:LOWL stock, check out TipRanks’ Stock Analysis page.