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INLB) is with its upcoming merger with ONE Cannabis Group (OCG Inc.). Without a doubt, 2021 will strengthen the industry as becoming federally legal is likely to become a reality.
Indus Holdings, Inc. has recently announced the acquisition of the Lowell Herb Co. and Lowell Smokes trademark brands, as well as the product portfolio and production assets from The Hacienda Group. In connection with this acquisition, Indus Holdings, Inc. has completed the corporate name change and the combined company is now operating under
Lowell Farms, Inc. ((LOWL) (OTCQX:LOWLF).
Here’s what you need to know.
Lowell Herb Co.
From its packaging to the high quality of its products, Lowell Herb is a premium California cannabis brand with an extremely popular reach and audience. It is best known for its distinctive pre-rolls and unique logo, and its reputation of authenticity and heritage has become synonymous with quality and refinement.
Driven By Stem was a sponsor at the Benzinga Cannabis Capital Conference on February 25-26, 2021. The information contained in this article in no way represents investment advice or opinion on the part of Benzinga or its writers and is intended for informational purposes only.
With cannabis industry sales projected to grow at a compound annual growth rate (CAGR) of 21%, reaching more than $41 billion by 2025 (from $13.2 billion in 2019), 2021 is proceeding at a steady pace with multiple mergers-and-acquisitions (M&As) underway.
Many deals have caught the industry’s attention in the past few months with companies like
Jazz Pharmaceuticals (NASDAQ:JAZZ) acquiring