SEC Form 4

FORM 4		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 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* Anton William Conrad (Last) (First) (Middle) C/O LOWELL FARMS INC. 19 QUAIL RUN CIRCLE, SUITE B (Street) SALINAS CA 93907 (City) (State) (Zip)	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)
	3. Date of Earliest Transaction (Month/Day/Year) 12/31/2021
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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	12/31/2021		M		75,000	A	$0	135,000	D
Subordinate Voting Shares								200,000	I	See Footnote(1)

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: 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)	12/31/2021		M			75,000	(3)	(3)	Subordinate Voting Shares	75,000	$0	0	D
Stock options (right to buy)	$2.0348							07/18/2018	07/18/2024	Subordinate Voting Shares	10,000		10,000	D
Class B Common Shares of Indus Holding Company	(4)							(4)	(4)	Subordinate Voting Shares	460,000		460,000	D
Class B Common Shares of Indus Holding Company	(4)							(4)	(4)	Subordinate Voting Shares	532,917		532,917	I	See Footnote(1)
Convertible Debenture of Indus Holding Company	$0.2							07/01/2020	10/13/2023	Subordinate Voting Shares(5)	1,026,095(6)		1,026,095	I	See Footnote(1)
Warrants (right to buy)	$0.28							07/01/2020	10/13/2023	Subordinate Voting Shares	1,026,095		1,026,095	I	See Footnote(1)
Warrants (right to buy Class B Common Shares)	$2.0348							10/31/2016	12/20/2026	Subordinate Voting Shares	245,724		245,724	I	See Footnote(1)
Warrants (rights to buy)	$1.4							08/30/2021	08/30/2024	Subordinate Voting Shares	100,000		100,000	I	See Footnote(1)

Explanation of Responses:

1. Held by Anton Enterprises Inc. Mr. Anton is the President and sole stockholder of Anton Enterprises Inc.

2. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one Subordinate Voting Share on the vesting date

3. The RSUs vested on December 31, 2021.

4. 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.

5. . The principal amount of the Convertible Debentures is convertible into Class C Common Shares of Indus Holding Company ("Class C Common Shares"). Class C Common Shares may be redeemed at the option of the holder for Subordinate Voting Shares of the issuer on a one-for-one basis in accordance with the certificate of incorporation of Indus Holding Company. Class C Common Shares may be redeemed at any time and have no expiration date.

6. . Interest accrues on the Convertible Debenture and is payable quarterly in arrears; any accrued and unpaid interest at the time of conversion of the Convertible Debenture is convertible into additional Class C Common Shares at $0.20 per share.

	/s/ William Anton	01/04/2022
	** Signature of Reporting Person	Date
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).
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