SALINAS, Calif., Dec. 20, 2024 (GLOBE NEWSWIRE) — Lowell Farms Inc., a California-born cannabis company with advanced production capabilities including extraction, manufacturing, and distribution, announces the appointment of Philippe Faraut as Chief Financial Officer of the Company, effective immediately.
“We are excited to welcome Philippe as our new CFO,” said Mark Ainsworth, CEO of Lowell Farms Inc. “His extensive financial expertise and leadership across diverse industries make him the ideal addition to our team. Philippe’s proven ability to drive growth and innovation positions Lowell for an exciting new chapter as we continue to expand and elevate our presence in the cannabis industry.”
Philippe Faraut is a highly accomplished financial executive with a dynamic career spanning multiple industries. Most recently, he served as CFO of iAnthus, a leader in regulated cannabis operations. Prior to that, as CFO of Irwin Naturals, Philippe successfully led the company’s IPO and its expansion into the emerging psychedelic mental health care sector. His extensive background includes leadership roles as Managing Partner at Bastiat Partners, Chief Investment Officer at Knight Global, and senior positions at Merrill Lynch, The Sage Group, and Intrepid Investment Bankers. Philippe holds an MBA from UCLA Anderson and a Bachelor of Science from the Glion Institute of Higher Education.
Mr. Faraut steps into the CFO role, succeeding CEO Mark Ainsworth, who had been serving as Interim Chief Financial Officer.
ABOUT LOWELL FARMS INC.
Lowell Farms Inc. (CSE:LOWL; OTCQX:LOWLF) (the “Company”) is a California-based cannabis company with advanced production capabilities supporting the supply chain, including extraction, manufacturing, brand sales, marketing, and distribution. Lowell Farms has an exclusive portfolio of award-winning brands, including Lowell Herb Co, House Weed, Moon, Cypress Cannabis, and Original Pot Co. for licensed retailers statewide.
