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Indus to Buy Lowell Herb Co. for $39 Million

New Cannabis Ventures, February 25, 2021

Merida portfolio company Indus Holdings, Inc., a leading, vertically-integrated, California-focused cannabis company, announced the acquisition of substantially all of the assets of the Lowell Herb Co. and Lowell Smokes trademark brands, product portfolio, and production assets from The Hacienda Group effective immediately. Lowell Herb Co. is a leading California cannabis brand that manufactures and distributes distinctive and highly regarded premium packaged flower, pre-roll, concentrates, and vape products.The Transaction is valued at approximately US$39 million. In connection with this acquisition, Indus intends to complete a change in its corporate name to Lowell Farms Inc. For the full article, click here.