Indus Holdings, Inc. Provides Financial Guidance for the Third Quarter and Second Half of 2020
August 04, 2020 at 06:00 pm IST
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Indus Holdings, Inc. provided financial guidance for the third quarter and second half of 2020. For the third quarter, The company expects revenues to exceed $13 million.
The company anticipate revenues in the second half of the year to increase from the first half. Gross margins are expected to significantly improve and be positive in the second half of 2020 as cultivation output, Owned brand revenues and operating volumes increase. In the second half of 2020, the company expects to be profitable.
Lowell Farms Inc. is a cannabis company with vertically integrated operations, including cultivation, extraction, processing, manufacturing, branding, packaging and wholesale distribution to retail dispensaries. The Company manufactures and distributes proprietary and select third-party brands throughout the State of California. It also provides manufacturing, extraction and distribution services to select third-party cannabis and cannabis branding companies and sells proprietary bulk flowers and brokers third-party bulk flowers to licensed distribution and manufacturing companies in California. Its brands include Lowell Smokes, Lowell Herb Co, House Weed, Kaizen, Moon, Original Pot Company, Flavor Extracts, Humble Flower and Cypress Cannabis. The Company operates approximately 40,000-square-foot of processing facility, a 15,000-square-foot manufacturing and laboratory facility in Salinas, California, and laboratory facility in Salinas, California, and others.
LOWELL FARMS INC. 
