CHICAGO, August 04, 2021 (GLOBE NEWSWIRE) – Lowell Farms Inc. (CSE: LOWL; OTCQX: LOWLF), a California born innovator in cannabis cultivation and maker of the legendary Lowell Smokes brand and a multi-state, vertically integrated cannabis operator Ascend Wellness Holdings, Inc. (“AWH”) (CSE: AAWH; OTCQX: AAWH) today announced the long-awaited debut of Lowell Smokes, Ill. On August 5, 2021. The iconic Lowell Smokes Pre-Roll Pack will be available initially for consumers at eight store locations across Illinois:
- Ascension by MOCA dispensaries in Logan Square and River North in Chicago;
- Midway dispensary locations in Chicago and Chicago Ridge; and
- To go up Springfield, Collinsville and Fairview Heights dispensaries.
In April, Lowell Farms entered into a strategic licensing agreement with AWH to bring iconic brand Lowell Smokes to Illinois. The collaboration names AWH, a distinguished pre-roll producer, as the wholesale partner of Lowell Farms. Sold in packs of six pre-rolls, Lowell Smokes will be available for purchase and wholesale at dispensaries across Illinois at the end of August 2021.
“Almost overnight, Illinois became an incredibly vibrant and exciting cannabis market with a truly exceptional product. We are happy to be associated with Ascend and their grow team in bringing Lowell to life in this great state, ”said George Allen, President of Lowell Farms Inc.“ Legalization has been a long time coming in Illinois and we can’t imagine a place we’d rather be this summer to celebrate all of those who made it possible. “
The relationship further advances AWH’s goal of bringing popular West Coast brands to its markets east of the Mississippi River. It is also the first time that Lowell Farms products have been available outside of the state of California.
“Lowell is an iconic brand that we believe fits perfectly with our capabilities in Illinois,” added Abner Kurtin, Founder and CEO of AWH. “We are delighted to expand our offering in Illinois with the award winning pre-rolls from Lowell Smokes.
Lowell pre-rolls will be available to Ascenders Rewards Club members on Wednesday August 4th. At the official launch to the public on August 5, Illinois consumers will be able to order Lowell Smokes products online at Letsascend.com. For more information on Lowell Farms Inc. brands, please visit lowellfarms.com.
ABOUT LOWELL FERMES INC.
Lowell Farms Inc. (CSE: LOWL; OTCQX: LOWLF) is a vertically integrated California cannabis company with advanced production capabilities supporting every step of the supply chain, including cultivation, extraction, manufacturing, brand sales, marketing and distribution. Lowell Farms cultivates artisanal cannabis with a deep love and respect for the plant, and prides itself on using sustainable materials – from seed to sale – to produce a broad portfolio of award-winning original and licensed brands, including Lowell Herb. Co, Cypress Cannabis, MOON, and Kaizen Extracts, for Authorized Retailers Statewide.
ABOUT ASCEND WELLNESS HOLDINGS
AWH is a vertically integrated operator with assets and partners in Illinois, Michigan, Ohio, Massachusetts and New Jersey. AWH owns and operates state-of-the-art grow facilities, cultivating award-winning strains and producing an organized selection of products with effects-based categorization. AWH manufactures and distributes Ozone brand products. For more information visit www.awholdings.com.
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Forward-looking information and statements
This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities laws and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of US Private Securities Litigation. Reform Act. of 1995. These forward-looking information and forward-looking statements are not representative of historical facts or information or the current state of affairs, but only represent the beliefs of Lowell Farms and AWH regarding future events, plans or objectives, including many, by their nature, are inherently uncertain and beyond the control of Lowell Farms and AWH. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terms such as “plans”, “expects” or “does not expect”, “is expected”, “budget” , “Expected”, “believes”, “plans”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of these words and expressions or may contain statements that certain actions, events or results “may”, “could”, “would”, “could” or “will be taken”, “will continue”, “will take place” or “will be achieved. “Forward-looking information and forward-looking statements contained in this document may include, without limitation, the ability of Lowell Farms and AWH to successfully achieve its business objectives and its expectations for other economic, business and economic factors. / or competitive. There can be no assurance that such forward-looking information and statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such forward-looking information and statements. These forward-looking information and statements reflect the current beliefs of Lowell Farms and AWH and are based on information currently available for Lowell Farms and AWH and on assumptions Lowell Farms and AWH believe to be reasonable.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of business, performance or achievements of Lowell Farms and AWH to be materially different. those expressed or implied by this forward-looking information. . These risks and other factors may include, but are not limited to: general business, economic, competitive, political and social uncertainties; general capital market conditions and market prices for securities; operating and development costs; competetion; changes in laws or regulations affecting Lowell Farms and AWH; the timing and availability of external financing on acceptable terms; the funds available from Lowell Farms and AWH and the intended use of these funds; favorable production levels and yields; stable prices for cannabis products; the level of demand for cannabis products; the availability of third party service providers and other inputs for Lowell Farms and AWH operations; the lack of skilled and skilled labor or the loss of key individuals; and the risks and delays resulting from the COVID-19 pandemic. A description of the additional assumptions used to develop such forward-looking information and a description of additional risk factors that may cause actual results to differ materially from forward-looking information can be found in the filed Lowell Farms and AWH disclosure documents. on EDGAR or SEDAR. Although Lowell Farms and AWH have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, other factors may cause results not to be as anticipated, estimated or planned. Readers are cautioned that the above list of factors is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking information, as there can be no assurance that the plans, intentions or expectations upon which it is based will be realized. The forward-looking information contained in this press release is expressly qualified by this cautionary statement.
The forward-looking information contained in this press release represents the expectations of Lowell Farms or AWH as of the date of this press release and, therefore, is subject to change after this date. However, Lowell Farms and AWH expressly disclaim any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by securities law. applicable movable property.
Neither the Canadian Securities Exchange nor its regulatory services provider has reviewed or accepts responsibility for the adequacy or accuracy of the contents of this press release.