![]() ![]() This news release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. ![]() For more information, visit Lowell Farms Inc. AWH produces and distributes Ozone branded products. AWH owns and operates state-of-the-art cultivation facilities, growing award-winning strains and producing curated selection of products with effect-based categorization. “We’re thrilled to expand our offering in Illinois with Lowell Smokes’ award-winning pre-rolls.”ĪWH is a vertically integrated operator with assets and partners in Illinois, Michigan, Ohio, Massachusetts, and New Jersey. “Lowell is an iconic brand that we think is an ideal fit with our capabilities in Illinois,” added Abner Kurtin, Founder and Chief Executive Officer of AWH. It also marks the first time Lowell Farms’ products are available outside the state of California. The relationship advances AWH’s goal of bringing popular West Coast brands to its markets east of the Mississippi River. “Legalization has been a long time coming in Illinois and we cannot imagine a place we would rather be this summer to celebrate all those that made it happen.” We are glad to be partnered with Ascend and their cultivation team to bring Lowell to life in this great state,” says Lowell Farms Inc. “Almost overnight, Illinois has become an incredibly vibrant and exciting cannabis market with some truly exceptional product. Sold in six-packs of pre-rolls, Lowell Smokes will be available for wholesale purchase and sale at dispensaries throughout Illinois in late August 2021. The collaboration designates AWH, a distinguished pre-roll producer, as Lowell Farms’ wholesale partner. In April, Lowell Farms entered into a strategic licensing agreement with AWH to bring the iconic Lowell Smokes brand to Illinois. Midway Dispensary locations in Chicago and Chicago Ridge andĪscend dispensaries in Springfield, Collinsville and Fairview Heights. The iconic Lowell Smokes pre-roll pack will initially be available to consumers at eight retail locations throughout Illinois:Īscend by MOCA dispensaries in Logan Square and River North in Chicago (“AWH”) (CSE: AAWH OTCQX: AAWH) today announced the long-awaited debut of Lowell Smokes, in Illinois on August 5, 2021. (CSE:LOWL OTCQX:LOWLF), a California-born innovator in cannabis cultivation and maker of the legendary brand Lowell Smokes and multi-state, vertically-integrated cannabis operator Ascend Wellness Holdings, Inc. 04, 2021 (GLOBE NEWSWIRE) - Lowell Farms Inc. Under the terms of agreement, Ascend Wellness paid consideration as cash $20 million, issued shares of 8.1 million, net of cash acquired $0.26 million and assumed liabilities of $0.3 million.Just in Time for the Final Weeks of SummerĬHICAGO, Aug. The transaction is expected to close on December 28, 2020.Īscend Wellness Holdings, LLC completed the acquisition of MOCA - Modern Cannabis on December 23, 2020. As of December 15, 2020, Illinois Department of Financial and Professional Regulation approved the transaction. The transaction is subject to the approval from the Illinois Department of Financial and Professional Regulation. Ascend Wellness Holdings will keep the MOCA brand in place and operate both dispensaries as a separate brand. Ascend Wellness Holdings will pair MOCA with Illinois Supply & Provisions (IS&P) dispensaries which include the top performing retail outlet in the state in Collinsville. Ascend Wellness Holdings is also announcing the final closing of its latest funding round at $68.2 million, of which $41 million is new capital that will be used to further the company's expansion of retail and grow operations. Ascend Wellness Holdings, LLC entered into an agreement to acquire MOCA - Modern Cannabis for $21.4 million on August 25, 2020. ![]()
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