Lowell Farms, Inc. (TSE:LOWL) has released an update.
Lowell Farms Inc. reports a 35% drop in net revenue to $4.9 million in Q1 2024 compared to the same period last year, but shows improvement from Q4 2023. The company faced a gross loss and an operating loss, while net loss decreased to $2.9 million from $4.0 million year-over-year. CEO Mark Ainsworth emphasizes strategic adjustments aiming for future growth despite recent declines in specific revenue streams.
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