The Flowr Corporation (TSX.V: FLWR), a Canadian Licensed
Producer of premium cannabis products, this morning announced that it has
acquired a 19.8% interest in Holigen Limited for a cash payment of CAD $6
million. The European-based cannabis company is presently developing
large-scale cannabis cultivation facilities and Good Manufacturing Process
(“GMP”) compliant production facilities. These facilities are anticipated to
provide finished medical cannabis products, pharmaceutical ingredients, and
plants and seeds to medical cannabis markets worldwide. Per the update, Flowr
entered into an exclusive termed intellectual property (“IP”) licensing
agreement to provide its cultivation, facility design and construction IP to
Holigen during the construction of its facilities in Portugal and Australia and
for obtaining its final licenses in those territories. Holigen anticipates it
will complete its licensing process for its first site in Portugal by mid-2019
and expects to be part of a small group of licensed producers in Europe
operating in GMP-compliant facilities. “The combination of Holigen’s strong
management team and incredible assets along with our cultivation, design and
construction IP will create what we believe will be a worldwide leader in production,”
FLWR Co-CEO Tom Flow stated in the news release.
To view the full press release, visit http://ibn.fm/N5ydN
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
About QualityStocksNewsBreaks
QualityStocksNewsBreaks provide
a rapid summary of corporate news that catch the attention of QualityStocks.
QualityStocksBreaks are designed to keep investors up to date on important and
breaking news in the small-cap and micro-cap markets. Spanning all industries,
including energy, entertainment, telecommunications, healthcare, retail and
more, these news breaks deliver opportunities the investment community may have
missed. Whether it is earnings results, mergers and acquisitions, or any other
market-moving news, our news breaks keep you in the know. QualityStocks is
committed to connecting subscribers with companies that have huge potential to
succeed in the short and long-term future. It is part of our mission statement
to help the investment community discover emerging companies that offer
excellent growth potential.
QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Please see full terms of use and disclaimers on the QualityStocks
website applicable to all content provided by QS, wherever published or
re-republished: http://www.qualitystocks.net/disclaimer.php
No comments:
Post a Comment