Beehouse, LLC - Aug 30, 2021 Form 4 Insider Report for Lowell Farms Inc. (LOWLF)

Role: 10%+ Owner
Signature: Beehouse, LLC, /s/ Gregory P. Heyman, as Sole Member of Manager
Stock symbol: LOWLF
Transactions as of: Aug 30, 2021
Transactions value $: $0
Form type: 4
Date filed: 9/1/2021, 04:41 PM
Previous filing: May 10, 2021
Next filing: Dec 22, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LOWLF	Subordinate Voting Shares	Purchase		+10M	+40.28%		34.8M	Aug 30, 2021	see footnote	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LOWLF	Warrants (right to buy)	Purchase		+5M			5M	Aug 30, 2021	Subordinate Voting Shares	5M	$1.40	see footnote	F1, F3
holding	LOWLF	Warrants (right to buy)						224K	Aug 30, 2021	Subordinate Voting Shares	224K	$1.81	see footnote	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Beehouse Partners LP ("Beehouse Partners") acquired 10,000,000 units (each, a "Unit") consisting of one share of Subordinate Voting Shares and one-half of one share purchase warrant at a purchase price of $1.00 per Unit.
F2	The Hacienda Company ("THC") and Beehouse Partners are the record holders of the reported shares. Beehouse, LLC is the investment manager of two funds that collectively own a majority interest in THC, and is also the investment manager of Beehouse Partners. Gregory P. Heyman is the sole and managing member of Beehouse Manager, LLC, which is the manager of Beehouse, LLC. Each of Mr. Heyman, Beehouse, LLC, and Beehouse Manager, LLC disclaims beneficial ownership of the reported shares except to the extent of his or its pecuniary interest therein.
F3	Beehouse Partners is the record holder of the reported warrants. Each of Mr. Heyman, Beehouse, LLC, and Beehouse Manager, LLC disclaims beneficial ownership of the shares underlying the reported warrants except to the extent of his or its pecuniary interest therein.
F4	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.