Suspension of trading

Income Statement LOWL FARM Canadian Securities Exchange

Stocks

LOWL

CA5475721075

Healthcare Facilities & Services

Delayed Canadian Securities Exchange 09:33:55 2025-04-14 EDT			5-day change	1st Jan Change
0.0150 ^CAD	-50.00%		-.--%	-

07-27

Lowell Farms Inc Retains Canaccord Genuity to Assist in Strategic Alternatives Review

05d781d41902282afb101365d6.GStYmGoqBiQ8e1I3DFiY8fXR9ZS2WgZ2CF7OBL0wAJQ.LWwW-SUdUFZZKxwGVDDyuc3ovPjFK2U_QxL5bcRXR9tGfwvpJWxUUAo6Bw

Published financial data: LOWL FARM

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019 (USD)	2020 (USD)	2021 (USD)	2022 (USD)	2023 (USD)
Revenues	37.04M	42.62M	53.72M	43.54M	28.26M
Total Revenues	37.04M	42.62M	53.72M	43.54M	28.26M
Cost of Goods Sold, Total	46.28M	26.88M	51.25M	45.38M	35.71M
Gross Profit	-9.23M	15.74M	2.48M	-1.84M	-7.44M
Selling General & Admin Expenses, Total	31.5M	16.93M	22.11M	14.83M	9.7M
Depreciation & Amortization - (IS)	3.32M	3.67M	1.31M	448K	421K
Other Operating Expenses, Total	34.82M	20.6M	23.42M	15.28M	10.12M
Operating Income	-44.06M	-4.86M	-20.94M	-17.12M	-17.56M
Interest Expense, Total	-2.15M	-3.33M	-4.49M	-6.36M	-3.84M
Net Interest Expenses	-2.15M	-3.33M	-4.49M	-6.36M	-3.84M
Currency Exchange Gains (Loss)	159K	-	-	-	-
Other Non Operating Income (Expenses)	95K	118K	-1.21M	2.46M	8.54M
EBT, Excl. Unusual Items	-45.96M	-8.07M	-26.65M	-21.02M	-12.86M
Merger & Related Restructuring Charges	-2.34M	-	-	-	-
Impairment of Goodwill	-	-	-357K	-	-
Gain (Loss) On Sale Of Investments	-2.25M	-4.03M	-60K	-109K	-28K
Asset Writedown	-	-	-	-3.24M	-24.3M
Insurance Settlements	-	-	2.6M	-	-
EBT, Incl. Unusual Items	-50.55M	-12.11M	-24.46M	-24.37M	-37.18M
Income Tax Expense	205K	224K	213K	191K	161K
Earnings From Continuing Operations	-50.75M	-12.33M	-24.68M	-24.56M	-37.34M
Net Income to Company	-50.75M	-12.33M	-24.68M	-24.56M	-37.34M
Net Income - (IS)	-50.75M	-12.33M	-24.68M	-24.56M	-37.34M
Net Income to Common Incl Extra Items	-50.75M	-12.33M	-24.68M	-24.56M	-37.34M
Net Income to Common Excl. Extra Items	-50.75M	-12.33M	-24.68M	-24.56M	-37.34M
Per Share Items
Net EPS - Basic	-15.45	-3.63	-2.72	-2.17	-2.71
Basic EPS - Continuing Operations	-15.45	-3.63	-2.72	-2.17	-2.71
Basic Weighted Average Shares Outstanding	3.28M	3.39M	9.07M	11.32M	13.79M
Net EPS - Diluted	-15.45	-3.63	-2.72	-2.2	-2.71
Diluted EPS - Continuing Operations	-15.45	-3.63	-2.72	-2.2	-2.71
Diluted Weighted Average Shares Outstanding	3.28M	3.39M	9.07M	11.32M	13.79M
Normalized Basic EPS	-8.75	-1.49	-1.84	-1.16	-0.58
Normalized Diluted EPS	-8.75	-1.49	-1.84	-1.16	-0.58
Supplemental Items
EBITDA	-43.17M	-4.2M	-19.95M	-13.5M	-14.1M
EBITA	-44M	-4.8M	-20.77M	-16.76M	-17.16M
EBIT	-44.06M	-4.86M	-20.94M	-17.12M	-17.56M
EBITDAR	-	-	-16.71M	-9.74M	-12.44M
Effective Tax Rate - (Ratio)	-0.41	-1.85	-0.87	-0.78	-0.43
Current Domestic Taxes	205K	224K	213K	191K	161K
Total Current Taxes	205K	224K	213K	191K	161K
Deferred Domestic Taxes	0	0	0	0	0
Total Deferred Taxes	0	0	0	0	0
Normalized Net Income	-28.72M	-5.05M	-16.65M	-13.14M	-8.04M
Interest on Long-Term Debt	1.78M	1.87M	2.41M	2.22M	1.65M
Supplemental Operating Expense Items
Selling and Marketing Expenses	8.03M	5.17M	8.56M	5.27M	2.4M
General and Administrative Expenses	23.47M	11.76M	13.55M	9.55M	7.3M
Research And Development Expense From Footnotes	39K	39K	172K	326K	323K
Net Rental Expense, Total	-	-	3.24M	3.76M	1.65M
Imputed Operating Lease Interest Expense	-	-	2.05M	3.08M	1.21M
Imputed Operating Lease Depreciation	-	-	1.19M	672K	443K
Stock-Based Comp., G&A Exp. (Total)	3.38M	2.2M	1.36M	564K	231K
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	3.38M	2.2M	1.36M	564K	231K

Fiscal Period: December	2019 (USD)	2020 (USD)	2021 (USD)	2022 (USD)	2023 (USD)
Assets
Cash And Equivalents	1.34M	25.75M	7.89M	1.1M	2.31M
Short Term Investments	-	572K	548K	595K	1.13M
Total Cash And Short Term Investments	1.34M	26.32M	8.44M	1.69M	3.44M
Accounts Receivable, Total	6.89M	4.53M	8.22M	4.16M	2.62M
Other Receivables	-	2.8M	147K	69K	26K
Total Receivables	6.89M	7.33M	8.37M	4.23M	2.65M
Inventory	9.38M	14.7M	13.34M	10.78M	4.76M
Prepaid Expenses	2.73M	593K	624K	235K	237K
Other Current Assets, Total	1.72M	1.06M	657K	623K	1M
Total Current Assets	22.06M	50M	31.43M	17.56M	12.09M
Gross Property Plant And Equipment	46.98M	57.04M	76.05M	72.65M	29.64M
Accumulated Depreciation	-4.01M	-7.79M	-11.27M	-14M	-7.22M
Net Property Plant And Equipment	42.97M	49.24M	64.78M	58.65M	22.43M
Long-term Investments	397K	202K	-	-	-
Goodwill	357K	357K	-	-	-
Other Intangibles, Total	1.15M	736K	40.76M	42.2M	2.54M
Other Long-Term Assets, Total	2.27M	273K	416K	413K	555K
Total Assets	69.21M	101M	137M	119M	37.61M
Liabilities
Accounts Payable, Total	7.13M	2.14M	3.1M	2.31M	4.31M
Accrued Expenses, Total	531K	8.32M	4.21M	2.39M	1.32M
Current Portion of Long-Term Debt	135K	1.21M	221K	21.68M	3K
Current Portion of Leases	2.32M	2.3M	2.44M	2.66M	1.99M
Other Current Liabilities	1.93M	1.75M	147K	1.61M	986K
Total Current Liabilities	12.05M	15.72M	10.12M	30.65M	8.61M
Long-Term Debt	371K	14M	22.9M	8.72M	-
Long-Term Leases	31.48M	36.53M	34.05M	31.34M	17.52M
Other Non Current Liabilities	946K	-	-	-	-
Total Liabilities	44.85M	66.26M	67.07M	70.71M	26.14M
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	96.16M	126M	189M	192M	192M
Additional Paid In Capital	-	-	-	-	-
Retained Earnings	-71.8M	-90.99M	-119M	-144M	-181M
Comprehensive Income and Other	-	-	-	-	-
Total Common Equity	24.36M	34.55M	70.31M	48.12M	11.48M
Total Equity	24.36M	34.55M	70.31M	48.12M	11.48M
Total Liabilities And Equity	69.21M	101M	137M	119M	37.61M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	3.32M	6.75M	10.03M	11.28M	18.13M
ECS Total Common Shares Outstanding	3.28M	5.76M	11.18M	12.18M	18.13M
Book Value / Share	7.42	6	6.29	3.95	0.63
Tangible Book Value	22.85M	33.46M	29.55M	5.92M	8.93M
Tangible Book Value Per Share	6.96	5.81	2.64	0.49	0.49
Total Debt	34.31M	54.05M	59.61M	64.4M	19.52M
Net Debt	32.97M	27.73M	51.18M	62.7M	16.07M
Debt Equivalent Oper. Leases	-	-	25.9M	30.04M	13.21M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	6.6M	12.72M	8.56M	7.43M	1.4M
Inventories - Work In Process, Total	34K	-	292K	940K	307K
Inventories - Finished Goods, Total	2.74M	1.98M	4.49M	2.41M	3.05M
Land - (BS)	4.1M	-	15.91M	15.72M	-
Machinery, Total	1.96M	2.18M	3.96M	7.38M	-
Full Time Employees	280	196	201	123	96
Part Time Employees	-	-	2	2	1
Accumulated Allowance for Doubtful Accounts (Supple)	2.6M	1.39M	1.14M	1.05M	959K

Fiscal Period: December	2019 (USD)	2020 (USD)	2021 (USD)	2022 (USD)	2023 (USD)
Net Income	-50.75M	-12.33M	-24.68M	-24.56M	-37.34M
Depreciation & Amortization - CF	3.85M	3.85M	4.06M	7.02M	4.71M
Amortization of Goodwill and Intangible Assets - (CF)	60K	64K	177K	354K	406K
Depreciation & Amortization, Total	3.91M	3.91M	4.24M	7.38M	5.12M
Amortization of Deferred Charges, Total - (CF)	-	481K	643K	937K	712K
(Gain) Loss From Sale Of Asset	446K	-	-	59K	-3M
(Gain) Loss on Sale of Investments - (CF)	1.71M	3.81M	-60K	109K	28K
Asset Writedown & Restructuring Costs	-	-	357K	3.24M	24.3M
Stock-Based Compensation (CF)	3.38M	2.2M	1.36M	564K	231K
Provision and Write-off of Bad Debts	2.34M	1.2M	870K	517K	616K
Other Operating Activities, Total	701K	1K	152K	-	-5.9M
Change In Accounts Receivable	-6.23M	966K	-4.22M	3.54M	927K
Change In Inventories	3.54M	-10.46M	-108K	2.56M	6.02M
Change In Accounts Payable	5.21M	2.22M	-6.33M	-1.14M	242K
Change in Other Net Operating Assets	-3.59M	253K	1.74M	348K	2.02M
Cash from Operations	-39.32M	-7.75M	-26.05M	-6.44M	-6.04M
Capital Expenditure	-9.99M	-6.85M	-3.59M	-4.25M	-135K
Sale of Property, Plant, and Equipment	1.46M	743K	1.98M	60K	-
Cash Acquisitions	-	-	-6.16M	-	-
Divestitures	-	500K	-	-	-
Investment in Marketable and Equity Securities, Total	-1.52M	-	-	-	-
Cash from Investing	-10.06M	-5.61M	-7.77M	-4.19M	-135K
Long-Term Debt Issued, Total	76K	19.75M	-	6.55M	8.99M
Total Debt Issued	76K	19.75M	-	6.55M	8.99M
Long-Term Debt Repaid, Total	-1.26M	-7.22M	-2.74M	-2.71M	-1.6M
Total Debt Repaid	-1.26M	-7.22M	-2.74M	-2.71M	-1.6M
Issuance of Common Stock	40.32M	27.14M	18.77M	-	-
Repurchase of Common Stock	-	-	-	-	-
Issuance of Preferred Stock	3.2M	-	-	-	-
Other Financing Activities, Total	-1.92M	-1.91M	-66K	-	-
Cash from Financing	40.42M	37.76M	15.96M	3.84M	7.39M
Miscellaneous Cash Flow Adjustments	-	1K	-	-	-
Net Change in Cash	-8.97M	24.41M	-17.86M	-6.79M	1.21M
Supplemental Items
Cash Interest Paid	2.15M	3.33M	4.2M	4.22M	3.69M
Cash Income Tax Paid (Refund)	105K	262K	268K	171K	87K
Levered Free Cash Flow	-24.55M	-13.13M	-20.72M	-4.07M	85.62K
Unlevered Free Cash Flow	-23.2M	-11.52M	-18.56M	-1.03M	1.77M
Change In Net Working Capital	-7.03M	7.75M	7.46M	-5.98M	-7.54M
Net Debt Issued / Repaid	-1.18M	12.53M	-2.74M	3.84M	7.39M

Fiscal Period: December	2019 (USD)	2020 (USD)	2021 (USD)	2022 (USD)	2023 (USD)
Profitability
Return on Assets	-50.92	-3.72	-11.15	-8.35	-14.03
Return on Total Capital	-59	-4.33	-12.17	-8.83	-15.3
Return On Equity %	-173.53	-47.37	-48.64	-41.48	-125.32
Return on Common Equity	-173.53	-47.37	-48.64	-41.48	-125.32
Margin Analysis
Gross Profit Margin %	-24.93	36.94	4.61	-4.23	-26.33
SG&A Margin	85.04	39.73	41.15	34.06	34.31
EBITDA Margin %	-116.53	-9.85	-37.13	-31	-49.87
EBITA Margin %	-118.77	-11.25	-38.66	-38.5	-60.7
EBIT Margin %	-118.93	-11.4	-38.99	-39.32	-62.13
Income From Continuing Operations Margin %	-137	-28.93	-45.93	-56.42	-132.11
Net Income Margin %	-137	-28.93	-45.93	-56.42	-132.11
Net Avail. For Common Margin %	-137	-28.93	-45.93	-56.42	-132.11
Normalized Net Income Margin	-77.53	-11.84	-31	-30.18	-28.43
Levered Free Cash Flow Margin	-66.26	-30.8	-38.57	-9.35	0.3
Unlevered Free Cash Flow Margin	-62.63	-27.04	-34.54	-2.37	6.27
Asset Turnover
Asset Turnover	0.68	0.52	0.46	0.34	0.36
Fixed Assets Turnover	1.58	0.92	0.94	0.71	0.7
Receivables Turnover (Average Receivables)	7.52	7.46	8.43	7.03	8.33
Inventory Turnover (Average Inventory)	4.03	2.84	4.4	3.76	4.6
Short Term Liquidity
Current Ratio	1.83	3.18	3.1	0.57	1.4
Quick Ratio	0.68	2.14	1.66	0.19	0.71
Operating Cash Flow to Current Liabilities	-3.26	-0.49	-2.57	-0.21	-0.7
Days Sales Outstanding (Average Receivables)	48.55	49.03	43.32	51.92	43.8
Days Outstanding Inventory (Average Inventory)	90.64	128.92	82.89	97.02	79.42
Average Days Payable Outstanding	40.44	33.53	17.49	23.06	40.7
Cash Conversion Cycle (Average Days)	98.74	144.42	108.71	125.88	82.52
Long Term Solvency
Total Debt/Equity	140.85	156.43	84.79	133.83	170.02
Total Debt / Total Capital	58.48	61	45.88	57.23	62.97
LT Debt/Equity	130.75	146.26	81	83.25	152.66
Long-Term Debt / Total Capital	54.29	57.04	43.83	35.6	56.54
Total Liabilities / Total Assets	64.8	65.73	48.82	59.51	69.48
EBIT / Interest Expense	-20.47	-1.46	-4.66	-2.69	-4.58
EBITDA / Interest Expense	-18.65	-0.61	-3.72	-1.53	-3.24
(EBITDA - Capex) / Interest Expense	-23.3	-2.66	-4.52	-2.2	-3.28
Total Debt / EBITDA	-0.85	-26.71	-3.57	-6.61	-1.57
Net Debt / EBITDA	-0.82	-13.7	-3.06	-6.44	-1.29
Total Debt / (EBITDA - Capex)	-0.68	-6.09	-2.94	-4.6	-1.55
Net Debt / (EBITDA - Capex)	-0.66	-3.12	-2.52	-4.48	-1.28
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	115.39	15.04	26.06	-18.96	-35.08
Gross Profit, 1 Yr. Growth %	-268.2	-280.28	12.34	-174.32	304.24
EBITDA, 1 Yr. Growth %	692.38	-90.16	31.7	-32.35	4.45
EBITA, 1 Yr. Growth %	647.5	-88.97	31.91	-19.29	2.35
EBIT, 1 Yr. Growth %	646.37	-88.84	32.5	-18.28	2.61
Earnings From Cont. Operations, 1 Yr. Growth %	596.86	-75.46	12.63	-0.46	52.02
Net Income, 1 Yr. Growth %	596.86	-75.46	12.63	-0.46	52.02
Normalized Net Income, 1 Yr. Growth %	539.52	-82.24	45.32	-17.38	-38.84
Diluted EPS Before Extra, 1 Yr. Growth %	128.34	-77.31	-58.16	-19.1	24.86
Accounts Receivable, 1 Yr. Growth %	132.38	-34.27	81.54	-49.37	-37.06
Inventory, 1 Yr. Growth %	-31.1	247.06	34.33	-19.22	-55.84
Net Property, Plant and Equip., 1 Yr. Growth %	957.64	14.59	31.55	-9.47	-61.76
Total Assets, 1 Yr. Growth %	77.65	61.69	41.02	-13.51	-68.35
Tangible Book Value, 1 Yr. Growth %	-31.97	109.22	-1.7	-79.98	51.04
Common Equity, 1 Yr. Growth %	-28.63	97.41	125.66	-31.56	-76.15
Cash From Operations, 1 Yr. Growth %	115.67	-80.29	236.02	-75.26	-6.25
Capital Expenditures, 1 Yr. Growth %	280.18	-31.44	-47.55	18.29	-96.82
Levered Free Cash Flow, 1 Yr. Growth %	13.89	-22.03	99.48	-80.36	-102.1
Unlevered Free Cash Flow, 1 Yr. Growth %	9.76	-25.6	111.2	-94.45	-271.93
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	54.76	57.41	20.42	1.07	-27.47
Gross Profit, 2 Yr. CAGR %	120.86	195.4	-51.99	-8.63	73.33
EBITDA, 2 Yr. CAGR %	178.14	-42.6	-28.78	-5.61	-15.94
EBITA, 2 Yr. CAGR %	173.24	-39.68	-30.64	3.18	-9.11
EBIT, 2 Yr. CAGR %	173.04	-39.32	-30.4	4.05	-8.43
Earnings From Cont. Operations, 2 Yr. CAGR %	165.22	-8.03	-29.7	5.88	23.01
Net Income, 2 Yr. CAGR %	165.22	-8.03	-29.7	5.88	23.01
Normalized Net Income, 2 Yr. CAGR %	152.76	-25.33	-23.17	7.08	-28.92
Diluted EPS Before Extra, 2 Yr. CAGR %	37.32	-48.21	-58.66	-41.82	-0.17
Accounts Receivable, 2 Yr. CAGR %	118.14	23.59	9.24	-4.13	-43.55
Inventory, 2 Yr. CAGR %	68.43	3.93	13.17	4.17	-40.27
Net Property, Plant and Equip., 2 Yr. CAGR %	410.48	248.14	22.78	9.13	-41.16
Total Assets, 2 Yr. CAGR %	137.83	60.87	41.58	10.44	-47.68
Tangible Book Value, 2 Yr. CAGR %	106.47	-0.19	15.44	-55.64	-45.02
Common Equity, 2 Yr. CAGR %	117.42	0.61	72.29	24.27	-59.6
Cash From Operations, 2 Yr. CAGR %	130.24	-34.79	-18.61	-8.83	-51.84
Capital Expenditures, 2 Yr. CAGR %	218.97	61.45	-40.03	-21.23	-80.62
Levered Free Cash Flow, 2 Yr. CAGR %	101.35	-28.98	-4.71	-37.4	-93.57
Unlevered Free Cash Flow, 2 Yr. CAGR %	101.76	-32.92	-7.05	-65.75	-69.1
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	99.35	40.19	46.18	5.53	-12.79
Gross Profit, 3 Yr. CAGR %	128.7	102.6	-15.21	-44.46	50
EBITDA, 3 Yr. CAGR %	141.08	-9.05	42.63	-29.99	-2.37
EBITA, 3 Yr. CAGR %	137.67	-6.64	41.61	-27.05	2.9
EBIT, 3 Yr. CAGR %	137.37	-6.31	41.9	-26.58	3.57
Earnings From Cont. Operations, 3 Yr. CAGR %	145.29	19.56	41.5	-21.06	19.45
Net Income, 3 Yr. CAGR %	145.29	19.56	41.5	-21.06	19.45
Normalized Net Income, 3 Yr. CAGR %	137.3	3.92	45.71	-22.48	-11.16
Diluted EPS Before Extra, 3 Yr. CAGR %	236.5	-23.75	-30.48	-48.29	-25.29
Accounts Receivable, 3 Yr. CAGR %	154.9	46.24	40.49	-15.46	-16.68
Inventory, 3 Yr. CAGR %	124.83	64.45	-0.65	1.14	-21.75
Net Property, Plant and Equip., 3 Yr. CAGR %	255.06	210.25	151.69	10.92	-23.06
Total Assets, 3 Yr. CAGR %	123.33	101.97	52.21	20.13	-27.18
Tangible Book Value, 3 Yr. CAGR %	175.23	84.13	-4.18	-35.63	-33.27
Common Equity, 3 Yr. CAGR %	164.26	88.57	27.24	26.65	-28.31
Cash From Operations, 3 Yr. CAGR %	116.17	1.48	12.63	-45.28	-7.98
Capital Expenditures, 3 Yr. CAGR %	340.36	91.07	10.99	-24.79	-72.99
Levered Free Cash Flow, 3 Yr. CAGR %	-	29.42	-2.5	-43.71	-79.8
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	26.45	-5.44	-63.66	-41.36
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	62.95	22.99	10.45
Gross Profit, 5 Yr. CAGR %	-	-	26.26	-0.56	12.87
EBITDA, 5 Yr. CAGR %	-	-	45.29	19.32	15.44
EBITA, 5 Yr. CAGR %	-	-	44.67	23.25	18.59
EBIT, 5 Yr. CAGR %	-	-	44.77	23.7	19.1
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	48.31	27.77	33.79
Net Income, 5 Yr. CAGR %	-	-	48.31	27.77	33.79
Normalized Net Income, 5 Yr. CAGR %	-	-	50.61	23.93	8.34
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	46.31	-23.13	-19.66
Accounts Receivable, 5 Yr. CAGR %	-	-	81.63	23.52	-2.44
Inventory, 5 Yr. CAGR %	-	-	74.49	26.67	-18.95
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	132.18	104.27	40.73
Total Assets, 5 Yr. CAGR %	-	-	85.75	57.56	-0.7
Tangible Book Value, 5 Yr. CAGR %	-	-	93.26	1.99	-23.27
Common Equity, 5 Yr. CAGR %	-	-	121.45	56.33	-19.58
Cash From Operations, 5 Yr. CAGR %	-	-	46.25	-2.78	-19.82
Capital Expenditures, 5 Yr. CAGR %	-	-	98.36	34.05	-44.77
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-7.64	-67.14
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-28.97	-39.55