FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Allen George
  2. Issuer Name and Ticker or Trading Symbol
Lowell Farms Inc. [LOWLF]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
C/O LOWELL FARMS INC., 19 QUAL RUN CIRCLE, SUITE B
3. Date of Earliest Transaction (Month/Day/Year)
06/25/2021
(Street)

SALINAS, CA 93907
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Convertible Debenture of Indus Holding Company $ 0.20 06/25/2021   J     37,233 07/01/2020 10/13/2023 Subordinate Voting Shares (1) (2) 186,165 (3) 10,470,254.5 I See Footnote (4)
Warrants (rights to buy) $ 0.28 06/25/2021   J     186,165 07/01/2020 10/13/2023 Subordinate Voting Shares 186,165 (3) 52,351,273 I See Footnote (4)
Convertible Debenture of Indus Holding Company $ 0.20             07/01/2020 10/13/2023 Subordinate Voting Shares (1) (2) 0   800,063 I See Footnote (5)
Convertible Debenture of Indus Holding Company $ 0.20             07/01/2020 10/13/2023 Subordinate Voting Shares (1) (2) 0   3,804,303 I See Footnote (6)
Warrants (rights to buy) $ 1.81 (7)             12/21/2020 12/21/2023 Subordinate Voting Shares 0   133,500 D  
Warrants (rights to buy) $ 0.28             07/12/2020 10/13/2023 Subordinate Voting Shares 0   800,063 I See Footnote (5)
Warrants (rights to buy) $ 0.28             07/01/2020 10/13/2023 Subordinate Voting Shares 0   3,804,303 I See Footnote (6)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Allen George
C/O LOWELL FARMS INC.
19 QUAL RUN CIRCLE, SUITE B
SALINAS, CA 93907
  X   X    
Geronimo Capital LLC
C/O LOWELL FARMS INC.
19 QUAL RUN CIRCLE, SUITE B
SALINAS, CA 93907
  X   X    

Signatures

 /s/ George Allen   06/29/2021
**Signature of Reporting Person Date

 /s/ George Allen, as Sole Member of Geronimo Capital LLC   06/29/2021
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The principal amount of each convertible debenture is convertible into Class C Common Shares of Indus Holding Company ("Class C Common Shares"). Class C Common Shares may be redeemed at the option of the holder for Subordinate Voting Shares of the issuer on a one-for-one basis in accordance with the certificate of incorporation of Indus Holding Company. Class C Common Shares may be redeemed at any time and have no expiration date.
(2) Interest accrues on the convertible debentures and is payable quarterly in arrears; any accrued and unpaid interest at the time of conversion of a convertible debenture is convertible into additional Class C Common Shares at $0.20 per share. Accrued interest is not included in the underlying share numbers.
(3) The transfer constituted a partial redemption of a membership interest in Geronimo Fund to a member unrelated to Mr. Allen, Geronimo Capital or CVOF Manager. The value of the consideration for the transferred derivative securities is deemed to be the value of the redeemed portion of such membership interest.
(4) Geronimo Fund is the record holder of the convertible debenture and warrants. Mr. Allen disclaims beneficial ownership of the convertible debenture and warrants held by Geronimo Fund except to the extent of his pecuniary interest therein.
(5) CVOF Manager is the record holder of the convertible debenture and warrants. Mr. Allen disclaims beneficial ownership of the convertible debenture and warrants held by CVOF Manager except to the extent of his pecuniary interest therein. Geronimo Capital disclaims beneficial ownership of the convertible debenture and warrants held by CVOF Manager.
(6) Geronimo Capital is the record holder of the convertible debenture and warrants.
(7) 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.
 
Remarks:
This Form 4 is filed on behalf of George Michael Harden Allen and Geronimo Capital LLC ("Geronimo Capital"). Mr. Allen is the sole member of Geronimo Capital and the sole manager of Geronimo CVOF Manager, LLC ("CVOF Manager"). CVOF Manager is the sole manager of Geronimo Central Valley Opportunity Fund, LLC ("Geronimo Fund"). This Form 4 reports a change in indirect interest of the reporting persons in securities held by the Geronimo Fund.

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