The Flowr Corporation (TSXV: FLWR), through its subsidiary The
Flowr Group (Okanagan) Inc. (collectively “Flowr” or the
“Company”), announced today that it has shipped all product
requested in the initial purchase order the Company received from
the Nova Scotia Liquor Corporation (“NSLC”). The NSLC is the
provincial authority that controls adult recreational-use cannabis
sales and retail outlets in Nova Scotia.
“We’re very pleased the NSLC recognized our ability to deliver
high quality cannabis in the volumes it needs to meet the current
demands of Nova Scotian consumers,” said Tom Flow, Flowr’s
Co-Founder and President. “Flowr’s cultivation team has been
ramping up production in preparation for October 17 and we remain
confident that we can meet all our commitments to our provincial
partners and be well positioned for increased demand in the
future.”
Flowr was named a supplier to the NSLC in August and received
its initial purchase order from the Province shortly thereafter.
The Company also has been named a supplier to authorities in
Ontario and British Columbia for both its Flowr brand products and
through its partnership with Ace Valley, a new cannabis brand from
the team behind Ace Hill Beer.
Flowr anticipates fulfilling its initial purchase orders from
the Ontario Cannabis Store and the British Columbia Liquor
Distribution Board in full prior to October 17th. The Company
also recently announced it had begun sales of its FlowrRx branded
medical cannabis products nationally through clinics and the Flowr
website.
Flowr is headquartered in Markham, Ontario and is constructing
both an 85,000 square foot cultivation facility and, through a
strategic R&D alliance with Hawthorne Canada Limited, a
subsidiary of The Scotts Miracle-Gro Company (NYSE: SMG), a 50,000
square foot research and development facility in Kelowna, British
Columbia.
About Flowr
The Flowr Corporation (TSXV: FLWR), 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 designed cultivation facilities utilizing its own
patented growing systems. Flowr’s investment in research and
development is expected to enable its cultivation team 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, visit www.flowr.ca Follow Flowr on
Twitter: @FlowrCanada; Facebook: Flowr Canada; Instagram:
@flowrcanada; and LinkedIn: The Flowr Corporation
On behalf of The Flowr CorporationThomas FlowPresident
Forward-Looking Information
This press release includes forward-looking information
within the meaning of Canadian securities laws regarding Flowr and
its business, which may include, but is not limited to: the ability
to meet demand for cannabis in various provinces, Flowr fulfilling
all purchase orders, Flowr being positioned to meet future demand,
Flowr meeting its commitments to the provinces and other partners,
Flowr’s ability to bring premium, quality products to the market,
Flowr’s investment in research and development enabling its
cultivation team to supply patients with consistent, high quality
medicinal cannabis and other factors. Often, but not always,
forward-looking information can be identified by the use of words
such as “plans”, “is expected”, “expects”, “scheduled”, “intends”,
“contemplates”, “anticipates”, “believes”, “proposes”
or variations (including negative and grammatical variations)
of such words and phrases, or state that certain actions, events or
results “may”, “could”, “would”, “might” or “will” be taken, occur
or be achieved. Such statements are based on the current
expectations of Flowr’s management and are based on assumptions and
subject to risks and uncertainties. Although Flowr’s management
believes that the assumptions underlying these statements are
reasonable, they may prove to be incorrect. The forward-looking
events and circumstances discussed in this press release may not
occur by certain specified dates or at all and could differ
materially as a result of known and unknown risk factors and
uncertainties affecting Flowr, including risks relating to Flowr
not being able to meet demand or fulfill purchase orders, which
could materially impact revenues and its relationships with
purchasers, Flowr requiring additional financing from time to time
in order to continue its operations and such financing may not be
available when needed or on terms and conditions acceptable to the
Company, new laws or regulations adversely affecting the Company’s
business and results of operations, results of operation activities
and development of projects, project cost overruns or unanticipated
costs and expenses, the inability of Flowr’s products to
be high quality, the inability of Flowr to produce and distribute
premium, high quality products, the inability to complete
construction of Flowr’s cultivation facility or any delay in the
construction thereof, the inability to supply the products
described herein or any delay in such supply, Flowr’s securities,
the inability to generate cash flows, revenues and/or stable
margins, the inability to grow organically, risks associated with
the geographic markets in which Flowr operates and/or distributes
its products, risks associated with fluctuations in exchange rates
(including, without limitation, fluctuations in currencies), risks
associated with the use of Flowr’s products to treat certain
conditions, the cannabis industry and the regulation thereof, the
failure to comply with applicable laws, risks relating to
partnership arrangements, possible failure to realize the
anticipated benefits of partnership arrangements, product launches
(including, without limitation, unsuccessful product launches), the
inability to launch products, the failure to obtain regulatory
approvals, economic factors, market conditions, risks associated
with the acquisition and/or launch of products, the equity and debt
markets generally, risks associated with growth and competition
(including, without limitation, with respect to Flowr’s products),
general economic and stock market conditions, risks and
uncertainties detailed from time to time in Flowr’s filings with
the Canadian Securities Administrators and many other factors
beyond the control of Flowr. Although Flowr has attempted to
identify important factors that could cause actual actions, events
or results to differ materially from those described in
forward-looking information, there may be other factors that cause
actions, events or results to differ from those anticipated,
estimated or intended. No forward-looking information can be
guaranteed. Except as required by applicable securities laws,
forward-looking information speaks only as of the date on which it
is made and Flowr undertakes no obligation to publicly update or
revise any forward-looking information, whether as a result of new
information, future events, or otherwise.
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this press release.
- ends -
Jim Walsh
The Flowr Corporation
+1-607-275-7141
jwalsh@flowr.ca
Bruce Dunbar
The Flowr Corporation
+1-917-756-4065
bdunbar@flowr.ca
For Investors: Alex Dann
The Flowr Corporation
+1-416-464-4067
adann@flowr.ca
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