Sec Form 3 Filing - Harkness Stephanie @ Lowell Farms Inc. - 2021-05-08

FORM 3 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Harkness Stephanie 2. Issuer Name and Ticker or Trading Symbol Lowell Farms Inc. [ LOWLF] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) C/O LOWELL FARMS INC., 19 QUAIL RUN CIRCLE, SUITE B 3. Date of Earliest Transaction (MM/DD/YY) 05/08/2021 (Street) SALINAS, CA93907 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Subordinate Voting Shares 60,000 D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Restricted Stock Units ( 2 ) ( 1 ) ( 1 ) Subordinate Voting Shares 75,000 D Stock options (right to buy) $ 2.0348 07/18/2018 07/18/2024 Subordinate Voting Shares 10,000 D Class B Common Shares ( 3 ) ( 3 ) ( 3 ) Subordinate Voting Shares 811,104 D Class B Common Shares ( 3 ) ( 3 ) ( 3 ) Subordinate Voting Shares 190,231 I By Harkness Family Trust ( 4 ) Warrants (right to buy Class B Common Shares) ( 3 ) $ 2.0348 08/28/2018 08/28/2023 Subordinate Voting Shares 155,000 D Warrants (right to buy Class B Common Shares) ( 3 ) $ 1.0174 03/15/2016 03/15/2026 Subordinate Voting Shares 22,500 D Warrants (right to buy Class B Common Shares) ( 3 ) $ 2.0348 10/31/2016 12/20/2026 Subordinate Voting Shares 245,724 I By Harkness Family Trust ( 4 ) Class B Common Shares ( 3 ) ( 3 ) ( 3 ) Subordinate Voting Shares 482,667 I By Immediate Family Member ( 5 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Harkness Stephanie C/O LOWELL FARMS INC. 19 QUAIL RUN CIRCLE, SUITE B SALINAS, CA93907 X Signatures /s/ Stephanie Harkness 05/10/2021 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The restricted stock units vest on December 31, 2021. ( 2 )Each restricted stock unit represents a contingent right to receive one Subordinate Voting Share on the vesting date. ( 3 )Class B Common Shares of Indus Holding Company ("Class B Common Shares") may be redeemed at the option of the holder for Subordinate Voting Shares of the issuer on a one-for-one basis or, at the option of Indus Holding Company, for the cash equivalent of such Subordinate Voting Shares, as determined in accordance with the certificate of incorporation of Indus Holding Company. Class B Common Shares may be redeemed at any time and have no expiration date. ( 4 )Ms. Harkness disclaims beneficial ownership of the Class B Common Shares and warrants held by the Harkness Family Trust except to the extent of her pecuniary interest therein. ( 5 )The shares are held of record by Ms. Harkness's spouse. Ms. Harkness disclaims beneficial ownership of such shares.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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