Lowell Farms Inc (OTCMKTS:LOWLF) Stock Consolidates After The Recent Move

In 2021, cannabis companies have made a bit of a comeback in the markets and this week, investors could consider taking a look at the California based company Lowell Farms Inc (OTCMKTS:LOWLF).

The company is an innovator in cannabis cultivation, manufactures the well known Lowell Smokes brand of products and also has a strategic agreement in place with the multiple state cannabis firm Ascend Wellness Holdings Inc. The stock has been trading in a range in recent times but yesterday it announced the much anticipated launch of its Lowell Smokes brand in Illinois from August 5, 2021. It is a major development for the company and also for the cannabis market in the state of Illinois.

The pre-rolls packs that are sold under the Lowell Smokes brand have attained legendary status in the cannabis industry. From today it is going to be made available to consumers in the state of Illinois across eight retail outlets. Earlier on this year in April, the company had signed a strategic licensing agreement with Ascend Wellness Holdings regarding this particular launch. By way of the terms of the agreement, Ascend Wellness Holdings is going to be the wholesale partner of Lowell Farms.

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