Lowell Farms, Inc. (TSE:LOWL) has released an update.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Lowell Farms Inc. reports a 35% drop in net revenue to $4.9 million in Q1 2024 compared to the same period last year, but shows improvement from Q4 2023. The company faced a gross loss and an operating loss, while net loss decreased to $2.9 million from $4.0 million year-over-year. CEO Mark Ainsworth emphasizes strategic adjustments aiming for future growth despite recent declines in specific revenue streams.
For further insights into TSE:LOWL stock, check out TipRanks’ Stock Analysis page.