The Flowr Corp., a vertically-integrated Canadian licensed
producer that focuses primarily on premium flower production, together with The
Needle Capital Corp., this morning announced the successful completion of the
qualifying transaction under the policies of the TSX Venture Exchange (the
“TSXV”). In accordance with a business combination agreement entered into
between Needle, Flowr and 2652253 Ontario Inc. (“Subco”), Needle and Flowr
completed a transaction that resulted in a reverse takeover of Needle by the
shareholders of Flowr to form the resulting issuer. Flowr and Needle attained
conditional approval for the transaction from the TSXV on September 12, 2018
and the resulting issuer shares are expected to commence trading on the TSXV
under the symbol “FLWR” on September 26, 2018. “Management and the Board of
Directors are extremely pleased with the successful completion of our recent
Financing, and we look forward to having Flowr trading on the TSXV,” The Flowr
Corp. Founder and President Tom Flow stated in the news release. “We have been
harvesting at our Kelowna facility since April, and recently received our sales
license from Health Canada. Over the next few months we look forward to
introducing our products to both the medical community and the upcoming
adult-use market while continuing to ramp up production in Kelowna. With the
team we’ve assembled and the facility we’re building, we feel poised to become
a premier player in the cannabis space.”
To view the full press release, visit http://ibn.fm/P9y33
About The Flowr Corp.
Flowr, through its subsidiaries, is a vertically-integrated
Canadian cannabis company focused on the natural science of cannabis.
With head offices in Markham, ON and production in Kelowna, B.C., Flowr
builds and operates large-scale, GMP compliant cultivation facilities utilizing
their own patented growing systems. Flowr’s investment in research and
development ensures that its master growers are able to supply patients with
consistent, high-quality medicinal cannabis. With a sense of craftsmanship and
a spirit of innovation, Flowr is also well positioned with a line of premium
quality cannabis products for the upcoming adult-use market. For more
information, visit the company’s website at www.Flowr.ca
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