On August 26, 2022, Lowell Farms Inc. closed the transaction. The company has amended the terms of the transaction and received additional $2.2 million in its final tranche. The company has raised $6.4 million in the transaction.

The additional debentures are convertible into an aggregate of 9.3 million subordinate voting shares of the company. Investors in the additional tranche received warrants of the company to purchase an aggregate of 9.3 million subordinate voting shares and warrants of Indus Holding Company to purchase an aggregate of 14 million non-voting common shares of Indus Holding Company.