Following the June 2021 acquisition of the licensed facility, Lowell has commenced B2B operations serving regional cultivators with processing services
SALINAS, Calif., July 20, 2021 (GLOBE NEWSWIRE) — Lowell Farms Inc. (CSE:LOWL; OTCQX:LOWLF), a California-based vertically-integrated cannabis company with advanced production capabilities including cultivation, extraction, manufacturing, brand sales, marketing and distribution, has begun accepting third-party cannabis for processing at its newly-commissioned and fully operational processing facility in the Salinas Valley.
The inaugural batch of cannabis was accepted for processing on July 19, and is an exciting milestone for Lowell Farms, which acquired the facility in the latter part of June. Since announcing, there has been an outpour of requests and interest from other cultivators and farmers, allowing the team to show results right from the launch and onward.
Lowell Farms new business unit is called Lowell Farm Services (“LFS”), which engages in fee-based processing services for regional growers from the Salinas Valley area, one of the largest and fastest growing cannabis cultivation regions in the country. The 40,000-square-foot facility includes eight state-of-the-art, environmentally-controlled drying rooms, and is capable of processing $400 million dollars of cannabis flower annually. With 90 flexible trimming stations utilizing a combination of mechanized and hand trimming services in the bucking and trimming area, the facility delivers consistent results while resolving a major pain-point for growers that outsource drying services.
To have this facility active and successfully processing cannabis products so quickly speaks to the commitment and passion that our team has for our industry and cannabis consumers. This adds an entirely new revenue stream to Lowell Farms and will only increase what we will be able to achieve in the future.
Lowell Farms Co-Founder and Chief Executive Officer Mark Ainsworth
In the coming weeks, Lowell Farms will begin utilizing the facility for its own cannabis product, and the company is developing one of the country’s first end-to-end, fully automated pre-roll manufacturing lines to be housed at the facility.
ABOUT LOWELL FARMS INC.
Lowell Farms Inc. (CSE:LOWL; OTCQX:LOWLF)(the “Company”) is a California-based vertically-integrated cannabis company with advanced production capabilities supporting every step of the supply chain, including cultivation, extraction, manufacturing, brand sales, marketing, and distribution. Founded in 2014 as Indus Holdings, Inc, Lowell Farms grows artisan craft cannabis with a deep love and respect for the plant, and prides itself on using sustainable materials – from seed to sale – to produce an extensive portfolio of award-winning original and licensed brands, including Lowell Herb Co, Cypress Cannabis, MOON, and Kaizen Extracts, for licensed retailers statewide.
