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

9 Months Ended

Sep. 30, 2021

13. 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.

	Three Months Ended						Nine Months Ended
	September 30,			September 30,			September 30,			September 30,
(in thousands except per share amounts)	2021			2020			2021			2020
Net loss	$	(8,700	)	$	(1,171	)	$	(14,685	)	$	(17,802	)

Net loss per share:
Basic	$	(0.10	)	$	(0.04	)	$	(0.15	)	$	(0.54	)
Diluted	$	(0.10	)	$	(0.04	)	$	(0.15	)	$	(0.54	)
Weighted average shares outstanding:
Basic		84,922			33,398			98,949			33,048
Diluted		84,922			33,398			98,949			33,048

Weighted average potentially diluted shares (1):
Basic shares		84,922			33,398			98,949			33,048
Options		-			-			-			-
Warrants		-			-			-			-
Convertible debentures		-			-			-			-
Restricted stock units		-			-			-			-
Total weighted average potentially diluted shares:		84,922			33,398			98,949			33,048

___________________________

(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.