The Flowr Corporation FLWPF Archives

TuesdayJun 18, 2019 9:40 am

QualityStocksNewsBreaks – The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Receives Loan Commitment for $50M Senior Secured Credit Facilities

Canadian cannabis cultivation firm the Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) on Monday announced its receipt of a loan commitment from an ATB Financial (“ATB”) syndicate of lenders as lead arranger and administrative agent for up to $50,000,000 of committed senior secured credit facilities. According to the update, Flowr will be permitted to use a recapitalization term facility and a revolving operating credit facility for general working capital purposes, as well as a development facility for the development of its Kelowna 1 Facility, Kelowna 2 Facility and Flowr Forest. The ATB Credit Facilities will have a maturity day of three…

MondayJun 03, 2019 9:22 am

QualityStocksNewsBreaks – The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) CEO to Participate in Panel Discussion at Piper Jaffray’s 39th Annual Consumer Marketplace Conference

The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF), a Canadian cannabis cultivation firm, on Friday announced that the company’s CEO Vinay Tolia is scheduled to participate in a panel discussion at Piper Jaffray’s 39th Annual Consumer Marketplace Conference taking place at The Pierre New York in New York City on Thursday, June 6th. Tolia will be available for one-on-one meetings during the conference following the “Accelerating Canadian Players” panel discussion that will be held from 10:15 to 11:00 AM ET. In addition, Flowr is presently advancing its goal to secure distribution in further Canadian jurisdictions including Alberta. Flowr branded recreational products…

FridayMay 24, 2019 9:33 am

QualityStocksNewsBreaks – The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Receives Approval for NASDAQ Listing

Canadian cannabis cultivation firm the Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) on Thursday announced approval of the company’s application to have its common shares listed on the Nasdaq Capital Market. The company will announce a trading date upon its Form 40-F registration statement becoming effective with the United States Securities and Exchange Commission. “We have made tremendous progress against our strategic priorities in 2019, and the approval of our listing on the Nasdaq further enhances our capital markets objectives. This listing provides us with broader access to investors around the world and is a natural progression for Flowr,” commented Vinay…

FridayMay 17, 2019 10:03 am

QualityStocksNewsBreaks – The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Announces Q1 2019 Financial and Operational Results

Canadian cannabis cultivation firm The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) this morning announced its financial and operational results for the first quarter ended March 31, 2019. Among the highlights, the company reported propagation of an additional four grow rooms and confirmed that construction of the Kelowna 1 purpose-built, indoor cultivation facility is on track for completion in the third quarter of 2019. “Our team in Kelowna is doing a tremendous job balancing our construction schedule, propagating and harvesting from rooms as they come online, and refining our cultivation process as we dial in our facility,” Flowr CEO Vinay Tolia…

FridayMay 10, 2019 12:47 pm

QualityStocksNewsBreaks – The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Anticipates Upsurge in Production Capacity

Canadian-licensed producer the Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) expects construction at its cultivation facility to be complete by the third quarter of 2019, rising its annual production capacity to 10,000 kilograms. An article discussing the company reads, “The Flowr cultivation facilities feature proprietary, patent-pending systems designed to consistently generate high crop yields. The 84,000-square-foot flagship Kelowna 1 facility is located on a seven-acre property in Kelowna, British Columbia. The facility is engineered to meet pharmaceutical industry production standards for cleanliness. . . . Currently, 10 of the Kelowna 1 grow rooms are licensed for use. Eight rooms are propagated…

TuesdayApr 30, 2019 9:28 am

QualityStocksNewsBreaks – The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Announces Private Placement, Board and Management Updates

The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF), a Canadian-licensed producer of premium cannabis products, late Monday issued a corporate update on various matters. The company first outlined its intention to complete a non-brokered private placement of up to 2.4 million common shares, at a price of C$6.25 per share, for aggregate gross proceeds of up to C$15 million. Flowr also affirmed its support of Holigen’s proposed €45 million investment in Portugal to produce medicinal cannabis outdoors. Other topics covered in the corporate update included changes to the company’s board of directors and its appointment of Thierry Elmaleh as its new…

FridayApr 26, 2019 3:14 pm

QualityStocksNewsBreaks – The Flowr Corporation’s (TSX.V: FLWR) (OTC: FLWPF) Operational Efficiency to Rise as Completion of Facility Approaches

The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF), a Canadian-licensed producer of premium cannabis products, recently detailed various milestones the company reached in the fourth quarter of 2018 and provided insight into upcoming activities. An article further discussing the company reads, “’The fourth quarter of 2018 marked a major milestone for Flowr, as we launched our medicinal and recreational sales channels after receiving our licenses in August 2018, and sold nearly 406 kilograms of premium cannabis, despite having only 20% of our grow rooms in Kelowna 1 operational during the quarter itself,’ Flowr Co-CEO Vinay Tolia said in a news release (http://ibn.fm/eI6Cb).…

ThursdayApr 18, 2019 3:19 pm

QualityStocksNewsBreaks – The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Steers Clear of Irradiating its Premium Cannabis Products

The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF), a Canadian licensed producer of premium cannabis products, maintains its goal of non-irradiation using production methods that are anticipated to produce high crop yields at low operating costs. An article discussing the company reads, “Flowr aims to avoid irradiating its final product, something that approximately 80 percent of other cannabis companies do, according to Cannabis Tech (http://ibn.fm/gRISH). Flowr’s commitment to delivering a clean cannabis product that meets Health Canada’s strict testing requirements with a goal of no irradiation sets it apart, as CEO Vinay Tolia explained in a podcast (http://ibn.fm/ieuOV), noting that ‘the plant needs…

MondayApr 15, 2019 10:22 am

The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Logs First Premium Cannabis Sales Grown in World-Class Cultivation Facility

2018 major milestones included launch of medicinal and recreational sales channels Company sold nearly 406 kilograms of premium cannabis, despite having only 20 percent of Kelowna 1 grow rooms operational during Q4 2018 Flowr optimizes yields, producing premium and ultra-premium cannabis products with a goal of no irradiation, to maximize profitability The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF), a Canadian licensed producer of premium cannabis products, recently shared details of several milestones achieved during the fourth quarter of 2018 that included the company’s first recorded revenues, with nearly 260 kilograms of premium cannabis grown in-house during the period, despite only 20…

FridayApr 12, 2019 11:35 am

The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Aiming to Provide Non-Irradiated Cannabis Products to Growing User Base

A majority of Canadian cannabis users identified quality and safety as top factors in choosing where to purchase cannabis Canada’s Shoppers Drug Mart is now the exclusive direct-to-patient online provider of FlowrRx products Flowr grows premium cannabis with a goal of non-irradiation using production methods that are expected to generate high crop yields at low operating costs Medicinal cannabis patients in Canada are rightly concerned about how cannabis products prescribed by their physicians are produced. According to Canada’s national statistical agency, Statistics Canada, 76 percent of medical cannabis patients responding to the Q4 2018 ‘National Cannabis Survey’ identified quality and…

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