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

Quarterly report pursuant to Section 13 or 15(d)

13. EARNINGS/(LOSS) PER SHARE

13. EARNINGS/(LOSS) PER SHARE

3 Months Ended

Mar. 31, 2021

Net earnings/(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.

Three Months Ended March 31,
(in thousands except per share amounts)	2021			2020
Net loss	$	(6,719	)	$	(7,874	)

Basic
Weighted average subordinate voting shares⁽¹⁾		53,592			32,988
Basic earnings (loss) per share	$	(0.13	)	$	(0.24	)

Diluted
Weighted average subordinate voting shares⁽¹⁾		53,592			32,988
Effects of Potential Dilutive Shares
Options		-			-
Warrants		-			-
Restricted stock units		-			-
Diluted weighted average subordinate voting shares		53,592			32,988
Diluted earnings (loss) per share	$	(0.13	)	$	(0.24	)

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⁽¹⁾ On an as converted basis.

As the Company is in a loss position for the quarters ended March 31, 2021 and 2020, 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.