Selected as Supplier in August, Company to Sell Premium Cannabis through Province’s Retailer.
The Flowr Corporation (TSXV:FLWR), through its subsidiary The Flowr Group (Okanagan) Inc. (collectively “Flowr” or the “Company”), announced today that it has initiated product shipments to the Ontario Cannabis Store (“OCS”), the province’s sole legal online retailer for recreational cannabis, in anticipation of the scheduled October 17, 2018 opening of the adult-use market. Flowr, a Health Canada licensed producer cultivating premium cannabis, was named one of OCS’s initial suppliers in August, 2018.
The shipments fulfill OCS’s initial purchase order with Flowr and include five strains of premium cannabis packaged in a variety of stock keeping units including 3.5- and 7-gram jars and 1-, 3- and 5-count packs of pre-rolls.
“We’re very pleased to be supplying Flowr’s premium cannabis to the Ontario Cannabis Store,” said Tom Flow, Flowr’s Co-Founder and President. “Our flower is grown in facilities with proprietary designs and cultivation systems in the world famous Okanagan Valley of British Columbia, then hand trimmed and craft cured to provide consumers with an outstanding sensory experience.”
Flowr previously announced its selection as a supplier to the British Columbia Liquor Distribution Branch, the province’s sole legal cannabis wholesaler. The Company also recently announced that it had begun direct sales of its FlowrRx brand cannabis to medical clients through its 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 the Hawthorne Gardening subsidiary of The Scotts Miracle-Gro Company (NYSE: SMG), a 50,000 square foot research and development facility in Kelowna, British Columbia. Flowr recently completed a C$36 million fundraising and listed its shares on the TSX Venture Exchange.
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 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.
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 Corporation
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.
This news release contains certain forward-looking statements that reflect the current views or expectations of management of Flowr with respect to performance, business and future events. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: (i) Flowr may require additional financing from time to time in order to continue its operations and financing may not be available when needed or on terms and conditions acceptable to the Company; (ii) new laws or regulations could adversely affect the Company’s business and results of operations; (iii) the stock markets have experienced volatility that often has been unrelated to the performance of companies; (iv) results of operation activities and development of projects; (v) project cost overruns or unanticipated costs and expenses; and (vi) general market and industry conditions.
When relying on Flowr’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Flowr has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release represents the expectations of Flowr as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. Flowr does not undertake to update this information at any particular time except as required in accordance with applicable laws.
The Flowr Corporation
The Flowr Corporation
The Flowr Corporation