0001654954-21-005339.txt : 20210510
0001654954-21-005339.hdr.sgml : 20210510
20210510155354
ACCESSION NUMBER: 0001654954-21-005339
CONFORMED SUBMISSION TYPE: 3
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210508
FILED AS OF DATE: 20210510
DATE AS OF CHANGE: 20210510
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Shure Brian
CENTRAL INDEX KEY: 0001861410
FILING VALUES:
FORM TYPE: 3
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-56254
FILM NUMBER: 21906847
MAIL ADDRESS:
STREET 1: 19 QUAIL RUN CIRCLE, SUITE B
CITY: SALINAS
STATE: CA
ZIP: 93907
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Lowell Farms Inc.
CENTRAL INDEX KEY: 0001838128
STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE PRODUCTION - CROPS [0100]
IRS NUMBER: 000000000
STATE OF INCORPORATION: A1
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 19 QUAIL RUN CIRCLE - SUITE B
CITY: SALINAS
STATE: CA
ZIP: 93907
BUSINESS PHONE: (831) 998-8214
MAIL ADDRESS:
STREET 1: 19 QUAIL RUN CIRCLE - SUITE B
CITY: SALINAS
STATE: CA
ZIP: 93907
FORMER COMPANY:
FORMER CONFORMED NAME: Indus Holdings, Inc.
DATE OF NAME CHANGE: 20201228
3
1
section16.xml
PRIMARY DOCUMENT
X0206
3
2021-05-08
0
0001838128
Lowell Farms Inc.
LOWLF
0001861410
Shure Brian
C/O LOWELL FARMS INC.
19 QUAIL RUN CIRCLE, SUITE B
SALINAS
CA
93907
true
true
Chief Financial Officer
Subordinate Voting Shares
34776
D
Subordinate Voting Shares
182000
I
see footnote
Options
1.35
2026-11-09
Subordinate Voting Shares
300000
D
Restricted Stock Units
Subordinate Voting Shares
75000
D
Warrants (right to buy)
1.81
2020-12-21
2023-12-21
Subordinate Voting Shares
91000
I
see footnote
Ambrose Capital Holdings, LP is the record holder of the Subordinate Voting Shares and warrants. Mr. Shure is the President of Ambrose Capital Partners, LLC, which is the general partner of Ambrose Capital Holdings, LP. Mr. Shure disclaims beneficial ownership of the Subordinate Voting Shares and warrants held by Ambrose Capital Holdings, LP except to the extent of his pecuniary interest therein.
50,000 of the options vested and became exercisable on November 9, 2020. The remaining options vest and become exercisable in four equal annual installments beginning on November 9, 2021.
The restricted stock units vest in three equal annual installments beginning on January 1, 2022.
Each restricted stock unit represents a contingent right to receive one Subordinate Voting Share on the applicable vesting date.
The exercise price was converted from $2.20 CAD using the closing rate of exchange of the Bank of Canada on May 7, 2021. The actual exercise price is the Canadian dollar amount regardless of the exchange rate on the date of exercise.
/s/ Brian K. Shure
2021-05-10