Canadian Licensed Producer of premium cannabis products The
Flowr Corporation (TSX.V: FLWR) has announced its results for the third quarter
and nine months ended September 30, 2018. The update provided business highlights,
with financials reported in Canadian dollars, including: Completion of almost
$65 million in fundraising throughout 2017 and 2018; culminating in a nearly
$36 million raise as part of the reverse takeover transaction leading to FLWR’s
listing on the TSX Venture Exchange; Kelowna, BC facility cultivation and
harvesting a total of 358,768 grams; Health Canada sales license and entry into
supply agreements with provincial authorities from British Columbia, Nova
Scotia and Ontario; entry into an exclusive R&D alliance with Hawthorne
Canada, a subsidiary of The Scotts Miracle-Gro Company (NYSE: SMG).
“We took major steps to prepare Flowr financially and
operationally for the start of recreational sales in Canada and to execute on
our long-term business strategy,” Flowr Co-CEO Vinay Tolia stated in the news
release. “We believe that we are well positioned to deliver on our existing
supply agreements, complete our facilities build-out and ramp-up production in
2019, and capitalize on strategic growth opportunities globally.”
To view the full press release, visit http://ibn.fm/pWKFb
About The Flowr Corporation
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 designed cultivation facilities utilizing their own
patented growing systems. Flowr’s investment in research and development
ensures that its cultivation team is 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,
follow Flowr on Twitter: @FlowrCanada; Facebook: Flowr Canada; and Instagram:
@flowrcanada or visit the company’s website at www.Flowr.ca
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