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