Flowr Corporation Gearing Up To Go Public

Flowr Corporation CEO Tom Flow and Chairman of the Board and Chief Strategist Steven Klein were recently profiled on New Cannabis Ventures. The company is currently in the midst of building their flagship facility in Kelowna, British Columbia and intends to target the Canadian market as a new licensed producer.

The article talks about Flow’s extensive experience in the cannabis industry spanning a decade. “Under the MMAR program in Canada, he helped design and build 17 facilities in Ontario. When the MMPR (now ACMPR) program launched, he founded MedReleaf (since acquired by Aurora Cannabis), where he led the design, build, and operations of its original Ontario facility, which is regarded as one of the most efficient large-scale facilities in the country.”

The article further mentions the company’s production facility at Kelowna that is currently running at 20% of its production capacity at 2,500 kilos. When the entire facility is completed by year-end, the production capacity is expected to increase to 12,000 to 15,000 kilos per year. “The company is also in process of designing a number of other facilities, which will take Flowr’s annual production capacity to approximately 60,000 kilos.”

Not only is the company prepared to enter the active cannabis market in British Columbia, it has also been named one of the 31 initial suppliers in the province and has potential supply agreements lined up with a number of other provinces. Furthermore, the company is also gearing for an international expansion starting with an LOI with a German importer.

Flow attributes the company’s competitive edge to the fact that the company has been “built by growers for growers.” The company’s two brands: Flowr for the recreational space and Flowr Rx for the medical space are all set to meet the shortages for high quality products, which the company expects will be more severe once the legal retail market launches in the fall.

To read the full interview, click here.

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

Source: www.newcannabisventures.com