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NetworkNewsBreaks – The Flowr Corporation (TSX.V: FLWR) Receives Speculative Buy Rating, $5 Price Target from Clarus Securities

Company: The Flowr Corporation (FLWR)
Category: News

The Flowr Corporation (TSX.V: FLWR), a vertically integrated Canadian cannabis company headquartered in Markham, Ontario with a Kelowna, British Columbia-based production facility, is making a name for itself in the booming cannabis sector. FLWR was recently covered in a research report by Clarus Securities, which was then highlighted in a recent article published by CantechLetter.com, titled ‘The Flowr Corporation could be a big winner in the cannabis space, Clarus Securities says’. The research report describes the company as “one of the very few Canadian licensed producers of cannabis with experience in successfully scaling indoor cultivation of premium product.” Clarus Securities initiated coverage of FLWR with a “Speculative Buy” rating and one-year price target of $5.00.

“We believe The Flowr Corporation has the potential to be the most successful Canadian cannabis Licensed Producer focused on serving the superpremium product segment,” Clarus Securities analyst Noel Atkinson stated in the report. “The founding production team has decades of collective experience in designing, building and optimizing indoor (or “warehouse”) cultivation projects, most notably for the original MedReleaf facility in Markham, ON (still considered today to be the gold standard for indoor cultivation in Canada). The company has its cultivation and dried flower sales licenses and supply agreements with at least three provinces including B.C. and Ontario, and is expected to ramp revenues substantially in 2020 as it brings its Kelowna, B.C. campus expansions online.”

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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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