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.”
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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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