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

Quarterly report pursuant to Section 13 or 15(d)

SHARE BASED COMPENSATION (Tables)

SHARE BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2024

SHARE BASED COMPENSATION

Schedule of Share-based Compensation Expense

		Three Months Ended
		March 31,				March 31,
(in thousands)		2024				2023
Cost of goods sold		$	-			$	-
General and administrative expense			26				60
Total share-based compensation		$	26			$	60

Schedule of Stock Option Activity

		Stock				Weighted-Average Exercise				Weighted Average Remaining Contractual				Aggregate Intrinsic
(in thousands except per share amounts)		Options				Price				Life				Value

Outstanding-December 31, 2023			1,453			$	1.9				5.3			$	-

Granted			250				0.16				-				-
Exercised			-				-				-				-
Expired			-				-
Cancelled			(94	)			3.24				-				-
Outstanding-March 31, 2024			1,609			$	2.06				1.37				-

Exercisable-March 31, 2024			1,127			$	2.37				4.77			$	-

Vested and expected to vest-March 31, 2024			1,609			$	2.06				1.37			$	-

Schedule of Weighted Average Assumptions

		Three Months Ended				Three Months Ended
		March 31,				March 31,
		2024				2023
Expected volatility			50	%			50	%
Dividend yield			0	%			0	%
Risk-free interest rate			4.15	%			1.1	%
Expected term in years			4.25	%			4.50	%