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Lowell Farms LOWLF Stock is a stock that believe is one of the most undervalued cannabis stocks. What was once a $10.00 stock is now a fraction of this price at a mere $0.30 per share. But, I believe the intrinsic value hidden in this cannabis investment will eventually be there. Putting together the LOWLF stock forecast has me looking in to the future for the stock and what is possible. But, the biggest possibility is the Ascend Wellness AAWH stock licensing deal where Ascend will be producing & distributing Lowell Farms' products throughout their dispensaries. So, when you consider…
As i watched the stock drop a little again today, ugh, i went back and replayed the video, such good information. Hanging on to this stock. Again, Thanks for the work put into your videos.
@cannabis-investing Agreed. Bringing that one person on board was a telling sign of a potential future. If nothing more, that individual will want to drive management to “clean up the books”. So, expect big things with that.
I do not see Lowell being in a position to actually go out and acquire others. So, logically, they are looking to get acquired. There’s usually premium there.
Lowell farms popped up over 21% today.
The way its going up would normally think something is going on just like RWBYF did, then pharmco deal closed. But I am seeing a lot of tight strings so to speak, and twaaang, share prices pop up quickly on some of these massively undervalued cannabis penny stocks.
FFNTF has been doing huge pops, and huge pull backs, so have many others.
I think Lowell farms is one to watch! It could easily jump up over $1 in minutes. The fact they have a M&A expert IMHO makes it very interesting. Of course it could always go down just as quickly.
UP over 100% since end of January. Impressive.
I think I like a lot better the ticker LVCNF - Leviathan Natural Products Inc instead..
I think this company will grow a lot faster than Lowell Farms.
@FLSharkvictim
LVCNF stock is up nearly 100% since January. But, Leviathan Natural Products still needs to improve some metrics with margins & profits. Still, they are leading the way.
On Friday the 13th the California Governor unveiled a budget proposal to eliminate the cannabis cultivation tax and revamp cannabis revenues to fight the black market. That explains why Lowell farms and Glass house were up over 20% that day.
Please post the part that says, what you stated, please. The budget proposal is 175 pages long.
POLITICSCalifornia Governor Proposes Marijuana Tax Cuts To Combat Illicit MarketPublished 23 hours ago on May 13, 2022 By Kyle Jaeger
The governor of California unveiled an updated budget proposal on Friday that calls for the elimination of the state’s marijuana cultivation tax and revised cannabis tax revenue allocations.
Gov. Gavin Newsom’s (D) May revised budget would take steps intended to combat the illicit market and make the legal industry more competitive, in large part by zeroing out the cultivation tax that marijuana businesses currently incur.
It’s a move that stakeholders have been pushing for, especially as businesses have struggled to keep up with rising inflation and reduced demand compared to peak coronavirus pandemic levels. The governor emphasized on Friday that he was specifically committed to exploring ways to minimize the influence of illicit growers and sellers on undercutting legal, licensed businesses.
And while one might assume that removing the cultivation tax would hamper revenue streams for the state, a recent analysis from the Reason Foundation actually found that monthly tax revenue would increase by 123 percent by 2024 if the policy change was enacted.
The report said that ending the cultivation tax would mean lower costs for consumers and, therefore, increased legal purchases that would more than offset any revenue losses over time.
Newsom’s proposal on its own isn’t binding, however. It would need to pass the legislature with at least a two-thirds majority in order to be implemented.
“We’ve been working very closely with legislative leaders, and we’ve made tremendous progress,” the governor said at a briefing on Friday. “We haven’t finalized any of that, so I want to be careful not to disrupt that progress.”
Sam Rodriguez, policy director for the cannabis farmers advocacy group Good Farmers Great Neighbors, praised Newsom’s move in a statement to Marijuana Moment.
“California farmers are pleased that the governor has taken a leadership role in addressing the ills of the illicit market with a starting point on tax relief,” he said. “We look forward in working the legislative budgetary process to obtain more tax relief necessary to stabilize the supply chain. The legal market in our state needs a real bootstrap approach from our state. Anything less will potentially devastate the newly created cannabis economy. And that would be a travesty.”
The governor’s revised budget proposal also includes updated estimates on tax revenue allocations for the 2022-23 fiscal year.
The state is expecting to distribute $401.8 million for education, youth substance misuse treatment and school retention; $133.9 million for environmental clean-up and remediation related to illicit cannabis manufacturing and $133.9 million for law enforcement purposes.
“These figures reflect a total increase of $74.7 million compared to the Governor’s Budget estimate,” the revised budget summary says. “These estimates also reflect the proposed statutory changes to restructure the cannabis tax framework and maintain a baseline level of funding for this allocation.”
Separately, the governor’s plan would involve shifting “the point of collection and remittance for excise tax from distribution to retail on January 1, 2023,” while maintaining the 15 percent excise tax rate on marijuana sales.
The budget further calls for the creation of a one-time “cannabis local jurisdiction retail access grant program” to support the development and implementation of local retail licensing efforts. The $20.5 million for that program would come out of the state general fund. Localities that license equity applicants could receive additional funding.
Newsom said the goal of the initiative is “addressing the persistent issue that is exactly what we anticipated would be a persistent issue—and that’s dealing with the black market, going after the illegal growers and the illegal operators.”
“This is beginning of a process,” he said. “From my humble perspective, in terms of my thinking, this will be a multi-year process to get that black market, get it on the retreat—not the ascendancy—and to get the retail and responsible adult-use market on steady ground.”
Nicole Elliott, director of the Department of Cannabis Control, said that the budget’s cannabis provisions would “remove unnecessary administrative burdens and costs.”
“We have heard from many of you who have said that the current cannabis tax framework is overly complex,” she wrote in an email to industry stakeholders. “We know that current tax policies disproportionately burden cannabis farmers and small businesses and create instability throughout the supply chain, ultimately undermining the societal benefits of a taxed and regulated market.”
Meanwhile, California officials announced in January that the state had awarded $100 million in funding to help develop local marijuana markets, in part by getting cannabis businesses fully licensed.
The state Department of Cannabis Control (DCC) distributed the funds to 17 cities and counties where there are a disproportionate number of provisional marijuana licenses, rather than full-year licenses. The department first announced that applications for the Local Jurisdiction Assistance Grant Program had opened in October.
Also last year, the state said it was awarding about $29 million in grants to 58 nonprofit organizations, with the intent of righting the wrongs of the war on drugs. The funding is being provided through the California Community Reinvestment Grants (CalCRG) program.
Grants are being awarded to qualifying nonprofits to support programs aimed at providing job placement, mental health treatment, substance misuse treatment and legal services for disproportionately impacted communities. The program was first announced in April 2020, and applications for those grants were initially opened in September 2020.
Officials with the California Department of Fish and Wildlife also said last year that they were soliciting concept proposals for a cannabis tax-funded program aimed at helping small marijuana cultivators with environmental clean-up and restoration efforts.
here
@D. H. Taylor , Speaking Lowell Farms, THEY just signed a nice deal today..
Also, welcome aboard to a new member - james.koerber
Lowell Farms To Acquire Automated Cannabis Pre-Roll Manufacturing Assets From All Good Collective For $4.1M
Lowell Farms Inc. (OTCQX: LOWLF) (CSE:LOWL) will acquire advanced pre-roll production equipment and capabilities from Canadian cannabis brand All Good Collective. The acquisition will accelerate Lowell Farms’ ability to offer end-to-end automation of large-scale pre-roll production.
“At Lowell, we are committed to bringing to market the absolute best cannabis smoking experience possible and that journey led us to All Good Collective,” stated Lowell Farms Inc. chairman of the board George Allen. “In addition to being a far superior product than anything we have seen in the category, the equipment from All Good will allow us to scale production and achieve a pre-roll price-point that rivals the cost of flower.”
As part of the transaction, Lowell Farms Inc. will manufacture and sell All Good Collective’s successful line of pre-rolls from Canada into the California cannabis market, where they will be sold alongside Lowell’s existing line of products. Lowell intends to offer production capacity to other cannabis brands seeking to showcase their flower in this exciting new format.
The transaction will be treated as an asset acquisition. Lowell will issue a combination of stock and cash upon delivery of the equipment with an approximate current value of $4.1 million as consideration. Lowell anticipates that the transaction will close this summer.
@mattpaul02yahoo-com
I wonder how far this could go to drive down cost of goods with this manufacturing products? And, I wonder if they, Lowell, will be doing white label for other companies in house?
I could not sleep last night thinking on this.
CLVR has 20k pharmacies how does KHRNF supply? And does this merger under cuts KHRNF in any way?
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