Lowell Farms Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

NET INCOME (LOSS) PER SHARE

NET INCOME (LOSS) PER SHARE

3 Months Ended

Mar. 31, 2023

12. NET INCOME (LOSS) PER SHARE

Net income (loss) per share represents the net earnings/loss attributable to shareholders divided by the weighted average number of shares outstanding during the period on an as converted basis was as follows:

	Three Months Ended
	March 31,			March 31,
(in thousands except per share amounts)	2023			2022
Net loss	$	(4,040	)	$	(4,057	)

Net loss per share:
Basic	$	(0.03	)	$	(0.04	)
Diluted	$	(0.03	)	$	(0.04	)
Weighted average shares outstanding:
Basic		121,770			100,118
Diluted		121,770			100,118

Weighted average potentially diluted shares (1):
Basic shares		121,770			100,118
Diluted shares		121,770			100,118

(1) For the above net loss periods, the inclusion of options, warrants, convertible debentures and restricted stock units in the calculation of diluted earnings per share would be anti-dilutive, and accordingly, were excluded from the diluted loss per share calculation.