{"schema_version":"secwatch.filing_event.v1","accession":"0001171843-24-002874","form_type":"8-K","ticker":null,"cik":"0001838128","company_name":"Lowell Farms Inc.","filed_at":"2024-05-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.622510+00:00","generated_at":"2026-06-02T01:11:54.077457+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Lowell Farms Q1 net revenue $4.9M, down 35% YoY; gross margin negative 17%","bullets":["Net revenue $4.9M, down 35% from $7.5M in Q1 2023; up 35% sequentially from Q4 2023.","Gross margin negative 17% ($0.8M gross loss) due to costs of exiting the cultivation facility.","Operating loss $2.9M vs $2.4M loss YoY; net loss $2.9M vs $4.0M loss YoY.","Bulk Product revenue fell 73% YoY and 66% QoQ; CPG revenue down 11% YoY but up 10% QoQ.","Adjusted EBITDA negative $1.1M, flat YoY; improved from negative $4.1M in Q4 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001171843-24-002874","json":"https://secwatch.observer/filing/0001171843-24-002874.json","markdown":"https://secwatch.observer/filing/0001171843-24-002874.md","text":"https://secwatch.observer/filing/0001171843-24-002874.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1838128/000117184324002874/0001171843-24-002874-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1838128/000117184324002874/f8k_051424.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T01:11:54.077457+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3d6ad8c29e5e34d2b262ab97d805e2516da21997","claim":"Lowell Farms Inc. reported first quarter of 2024 (ended March 31, 2024) results: revenue $4.9 million, net income $2.9 million.","evidence_excerpt":"(ended March 31, 2024). All figures stated are in US Dollars. First Quarter Financial Highlights: Net revenue generated for the quarter ended March 31, 2024 decreased 35% to $4.9 million, as compared to $7.5 million for the first quarter last year. Net revenue increased 35% from $7.5 million in the fourth quarter of 2023. CPG revenue decreased 11% for the quarter","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1838128/000117184324002874/0001171843-24-002874-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of 2024 (ended March 31, 2024)"},{"label":"Revenue","value":"$4.9 million"},{"label":"Net income","value":"$2.9 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"6990f44f12942f1389dc9a5e305bc3c3dd340f45","claim":"Lowell Farms Inc. reported first fiscal quarter ended March 31, 2024 results: revenue $4.9 million.","evidence_excerpt":"(ended March 31, 2024). All figures stated are in US Dollars. First Quarter Financial Highlights: Net revenue generated for the quarter ended March 31, 2024 decreased 35% to $4.9 million, as compared to $7.5 million for the first quarter last year. Net revenue increased 35% from $7.5 million in the fourth quarter of 2023. CPG revenue decreased 11% for the quarter","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1838128/000117184324002874/0001171843-24-002874-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first fiscal quarter ended March 31, 2024"},{"label":"Revenue","value":"$4.9 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}