e are pleased to host George Allen, Chairman of Lowell Farms (CSE: LOWL, US OTCQX: LOWLF) and one of the cannabis industry's initial executives, as a participant in the Viridian Capital Cannabis Expert Series. Lowell is a leading California cannabis company with a growing cultivation and production footprint and a recently launched a third-party processing business. We believe the third-party processing business is a first of its kind in California and can be a differentiator for the company. Lowell is well known for its Lowell Herb Co. pre-rolls brand which is sought after throughout California and will be made available through a licensing agreement in Illinois and Massachusetts this quarter.
Lowell Farms (at the time called Indus Holdings) was one of our initially covered companies (Buy Rated; $1.60 Price Target); we continue to view the company as one of the best positioned operators in California to consolidate that fragmented market and benefit from profitable growth along the way.
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*Marijuana remains illegal under federal law. The Federal Government does not recognize marijuana to have any medicinal values. Marijuana cultivation, possession, consumption, sales, and distribution are illegal under federal laws and also certain state laws. Please note that there are differences in marijuana laws from one state, county, or city to another.