The Flowr Corp., a Canadian licensed producer that focuses primarily on premium flower production, was recently highlighted in a Bloomberg article titled, “Scotts Miracle-Gro Tests Whether It Can Make Pot Grow Too,” authored by Kristine Owram. Per the article, Scotts Miracle-Gro Company’s (NYSE: SMG) subsidiary, Hawthorne Gardening Co., is partnering up with Flowr to build a 50,000-square-foot research facility on the same site as Flowr’s grow-op in Kelowna, British Columbia. Firstly, the new lab will test Hawthorne’s lights and nutrients on cannabis, with plans to ultimately conduct more in-depth studies on the plant.
Currently producing 250 grams a square foot at its grow-op, Flowr seeks to nearly double that number to produce some of the highest crop yields in the industry, targeting an ultimate yield of 450 grams. The company has already inked supply agreements with the Ontario and B.C. governments ahead of legalization and has secured a distribution agreement to sell medical marijuana in Germany next year. Presently, the company’s seasoned executives are eyeing opportunities in the Caribbean and South America. The president and co-founder of Flowr, Tom Flow, was also the co-founder of MedReleaf Corp., a company recently acquired by Aurora Cannabis Inc. (TSX: ACB) (OTCQB: ACBFF) for roughly $2.2 billion in stock. Flow also brought several of the MedReleaf team members to Flowr, which is set to list on the TSX Venture Exchange next month via a reverse takeover.
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About The Flowr Corp.
The Flowr Group (Okanagan) Inc., 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, BC, Flowr builds and operates large-scale, GMP compliant cultivation facilities utilizing its 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. Flowr recently signed a Memorandum of Understanding to supply premium cannabis to the British Columbia Liquor Distribution Board which will be the sole retailer of non-medicinal cannabis in the province following the October 17 legalization of adult recreational consumption. The company announced earlier in the year that it had been selected by the Hawthorne Canada subsidiary of The Scotts Miracle-Gro Company for an exclusive strategic R&D alliance. Flowr also has announced its intention to list shares on the TSX Ventures Exchange. For more information, visit the company’s website at www.flowrco.ca.
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