Exhibit 5.1
May
24, 2021
Lowell
Farms Inc.
19
Quail Run Circle - Suite B
Salinas,
California 93907
Dear
Sirs/Mesdames:
Re:
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Lowell Farms Inc. - Registration Statement on Form S-1
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We have
acted as Canadian counsel to Lowell Farms Inc. (the
“Corporation”),
a British Columbia corporation, in connection with the preparation
of a Registration Statement on Form S-1 (the “Registration Statement”) under the
United States Securities Act of 1933, as amended (the
“Act”). The
Registration Statement relates to the sale or other disposition
from time to time of up to 22,643,678 Subordinate Voting Shares of
the Corporation (the “Registered Subordinate Voting Shares”), by
the selling shareholders named in the Registration Statement, as
more fully described in the Registration Statement. All capitalized
terms not defined herein shall have the meanings ascribed thereto
in the Registration Statement.
We are
not qualified to practice law in the United States of America. The
opinion expressed herein relates only to the laws of British
Columbia and the federal laws of Canada applicable therein, and we
express no opinion as to any laws other than the laws of British
Columbia and the federal laws of Canada applicable therein as such
laws exist and are construed as of the date hereof (the
“Effective
Date”). Our opinion does not take into account any
proposed rules or legislative changes that may come into force
following the Effective Date and we disclaim any obligation or
undertaking to update our opinion or advise any person of any
change in law or fact that may come to our attention after the
Effective Date.
For the
purposes of our opinion, we have examined originals, or copies
certified or otherwise identified to our satisfaction,
of:
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1.
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the Registration Statement;
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2.
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the Notice of Articles and Articles of the Corporation;
and
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3.
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such
other documents, records and other instruments as we have deemed
appropriate. |
We have
also examined originals or copies, certified or otherwise
identified to our satisfaction, of such public and corporate
records, certificates and documents relating to the Corporation as
we have deemed necessary or relevant. As to various questions of
fact relevant to this opinion which we have not independently
established, we have examined and relied upon, without independent
verification, certificates of public officials and officers of the
Corporation.
Whenever
our opinion refers to Registered Subordinate Voting Shares whether
issued or to be issued, as being “fully paid and
non-assessable”, such opinion indicates that a holder of such
Registered Subordinate Voting Shares cannot be required to
contribute any further amounts to the Corporation by virtue of its
status as holder of such shares. No opinion is expressed as to the
adequacy of any consideration received, whether in cash, past
services performed for the Corporation or otherwise.
We have
assumed with respect to all of the documents examined by us, the
genuineness of all signatures (original or electronic) and seals,
the legal capacity at all relevant times of any natural person
signing any such documents, the incumbency of any person acting or
purporting to act as a corporate or public official, the
authenticity and completeness of all documents submitted to us as
originals, the conformity to authentic originals of all documents
submitted to us as certified or true copies or as a reproduction
(including facsimiles and electronic copies), and the truthfulness
and accuracy of all certificates of public officials and officers
of the Corporation as to factual matters. We have further assumed
that none of the Corporation’s Articles or Notice of
Articles, nor the resolutions of the shareholders or directors of
the Corporation which we have reviewed and/or upon which we have
relied, have been or will be varied, amended or revoked in any
respect or have expired.
Further,
we have conducted such searches in public registries in British
Columbia as we have deemed necessary or appropriate for the
purposes of our opinion, but have made no independent investigation
regarding such factual matters.
Based
upon the foregoing, we are of the opinion that the Registered
Subordinate Voting Shares are validly issued as fully paid and
non-assessable shares in the capital of the
Corporation.
We
hereby consent to the use of this opinion as Exhibit 5.1 to the
Registration Statement. In giving such consent, we do not hereby
admit that we are acting within the category of persons whose
consent is required under Section 7 of the Act or the rules or
regulations of the Securities and Exchange Commission
thereunder.
This
opinion is limited to the matters stated herein, and no opinion or
belief is implied or should be inferred beyond the matters
expressly stated herein. For greater certainty, we express no
opinion as to matters of tax or as to the contents of, or the
disclosure in, the Registration Statement, or whether the
Registration Statement provides full, true and plain disclosure of
all material facts relating to the Corporation within the meaning
of applicable securities laws.
Yours
truly,
/s/
Cassels Brock & Blackwell LLP