Scotts Miracle-Gro’s Partnership with Flowr Opens the Door to the Cannabis Space

Scotts Miracle-Gro is an Ohio-based company mostly known for its garden products and fertilizers. The company was recently featured in a Bloomberg article discussing the company’s foray into the cannabis space, and the work that it is doing with the Flowr Corporation. Scotts Miracle-Gro’s subsidiary, Hawthorne Gardening Co., has partnered with Flowr to build a 50,000-square-foot research and development facility in Kelowna, British Columbia. Their research will be aimed at testing the effects Hawthorne’s lights and nutrients have on cannabis and will hopefully include the genetic testing on cannabis and the effect it has on a human’s physiology.

“They know all of the big players, and they chose our team because of their faith in us to grow consistent product,” said incoming Flowr CEO Vinay Tolia.

Alongside Tolia, Flowr is also endowed by other industry experts including president and co-founder Tom Flow, who also co-founded MedReleaf Corp. Flowr is already able to produce 250 grams per square foot of cannabis and is aiming to produce 450 grams per square foot in the future, well above the industry average of approximately 100 grams per square foot. Flowr is also capable of distributing their products having signed pre-legalization agreements with the Ontario and British Columbian governments, a distribution agreement in Germany and is looking for opportunities in the Caribbean and South America.

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Subsequent to this press release, The Flowr Corporation went public on September 26, 2018 under the ticker symbol TSXV:FLWR.

Source: www.bloomberg.com