Lowell Farms Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Cash & Equivalents	0.32	2.31	1.1	7.89	25.75	1.34
Short-Term Investments	0.06	1.13	0.6	0.55	0.57	0.54
Cash & Short-Term Investments	0.38	3.45	1.69	8.44	26.32	1.89
Cash Growth	-93.25%	103.48%	-79.93%	-67.96%	1295.71%	-81.71%
Accounts Receivable	2.26	2.62	4.16	8.22	4.53	6.89
Other Receivables	0.05	0.03	0.07	0.15	2.8	-
Receivables	2.31	2.65	4.23	8.37	7.33	6.89
Inventory	1.94	4.76	10.78	13.34	9.93	10.42
Prepaid Expenses	0.11	0.24	0.24	0.62	0.59	0.85
Other Current Assets	0.9	1	0.62	0.66	2.43	1.33
Total Current Assets	5.64	12.09	17.56	31.43	46.6	21.38
Property, Plant & Equipment	20.08	22.43	58.65	64.78	49.24	42.97
Long-Term Investments	-	-	-	-	-	0.4
Goodwill	-	-	-	-	0.36	0.36
Other Intangible Assets	2.26	2.54	42.2	40.76	0.74	1.15
Other Long-Term Assets	0.47	0.56	0.41	0.42	0.48	2.27
Total Assets	28.44	37.61	118.82	137.38	97.42	68.53
Accounts Payable	2.65	4.31	2.31	3.1	2.14	4.7
Accrued Expenses	2.62	1.32	2.39	4.21	8.32	4.09
Current Portion of Long-Term Debt	-	0	21.68	0.22	1.21	0.14
Current Portion of Leases	1.78	1.99	2.66	2.44	2.3	2.33
Other Current Liabilities	0.52	0.99	1.61	0.15	1.75	0.8
Total Current Liabilities	7.57	8.61	30.65	10.12	15.72	12.05
Long-Term Debt	-	-	8.72	22.9	14	0.37
Long-Term Leases	16.67	17.52	31.34	34.05	36.53	31.48
Other Long-Term Liabilities	-	-	-	-	-	0.95
Total Liabilities	24.23	26.14	70.71	67.07	66.26	44.85
Common Stock	192.49	192.45	191.74	189.37	125.54	96.16
Retained Earnings	-188.28	-180.97	-143.63	-119.06	-94.38	-72.47
Total Common Equity	4.21	11.48	48.12	70.31	31.16	23.69
Shareholders' Equity	4.21	11.48	48.12	70.31	31.16	23.69
Total Liabilities & Equity	28.44	37.61	118.82	137.38	97.42	68.53
Total Debt	18.45	19.52	64.4	59.61	54.05	34.31
Net Cash (Debt)	-18.06	-16.07	-62.7	-51.18	-27.73	-32.43
Net Cash Per Share	-0.95	-1.17	-5.54	-5.64	-8.17	-10.33
Filing Date Shares Outstanding	18.15	18.13	11.28	10.03	6.75	3.32
Total Common Shares Outstanding	19.03	18.13	12.18	11.18	5.76	3.28
Working Capital	-1.93	3.48	-13.09	21.31	30.88	9.33
Book Value Per Share	0.22	0.63	3.95	6.29	5.41	7.21
Tangible Book Value	1.95	8.93	5.92	29.55	30.06	22.18
Tangible Book Value Per Share	0.10	0.49	0.49	2.64	5.22	6.75
Land	-	-	15.72	15.91	-	4.1
Machinery	5.85	-	7.38	3.96	-	1.96
Construction In Progress	-	-	0.04	0.7	-	2.53
Leasehold Improvements	2.12	-	12.44	13.95	-	4.28

Source: S&P Global Market Intelligence. Standard template. Financial Sources.