The Flowr Corporation (TSXV: FLWR) (OTC: FLWPF), through its
subsidiary The Flowr Group (Okanagan) Inc. (collectively “Flowr” or
the “Company”), announced today that its premium cannabis products
are now available for sale through licensed private retailers in
Manitoba.
“We’re proud to have Flowr brand cannabis available to consumers
in Manitoba and to be working with Manitoba Liquor &
Lotteries. Making Flowr’s products available in Manitoba will
help meet the significant demand retailers have experienced while
giving consumers there a premium, non-irradiated option” said Tom
Flow, Flowr’s Co-CEO.
Currently, four (4) strains of Flowr’s premium cannabis are
available in 3.5 and seven (7) gram jars in Manitoba. The
Company previously announced supply agreements with provincial
authorities in British Columbia, Nova Scotia and Ontario, sales
through a private dispensary in Saskatchewan, and a medical
cannabis supply agreement with Shoppers Drug Mart.
Flowr’s premium cannabis products are grown in the world-famous
Okanagan Valley in the heart of British Columbia. The
Company’s cultivation facilities are constructed to Good
Manufacturing Practice (GMP) standards and Flowr employs
proprietary designs and systems to create a highly controlled
growing environment that it expects will enable it to produce a
large portion of its premium cannabis without requiring irradiation
to meet Health Canada standards. Flowr’s cultivation team
employs exacting protocols throughout the growing process then
carefully harvests, hand trims and craft cures its products,
seeking to deliver a premium experience for consumers.
About Flowr
The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF), through its
subsidiaries, holds a cannabis production and sales license granted
by Health Canada. With a head office in Markham, ON and a
production facility 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 along with its sense of craftsmanship and a spirit of
innovation is expected to enable it to provide premium-quality
cannabis that appeals to the adult-use recreational market and
addresses specific patient needs in the medicinal 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:Tom FlowCo-CEO
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, including in
Manitoba, Flowr fulfilling all purchase orders and the timing
thereof, Flowr being positioned to meet current and/or future
demand, including in Manitoba, Flowr meeting its commitments to the
provinces and other partners, Flowr’s ability to bring premium,
quality products to the market, including in Manitoba, Flowr
providing customers in Manitoba with a premium, non-irradiated
product, the products being manufactured in Manitoba not having to
be irradiated, Flowr’s facilities being constructed to achieve GMP
designation, Flowr’s facilities being highly controlled growing
environments that will enable it to produce premium cannabis that
does not require irradiation to meet Health Canada standards, the
Company seeking to deliver a premium cannabis experience for its
customers, Flowr’s facilities being designed in a way that should
enable it to provide customers with both high quality products and
consistent benefits, Flowr’s cultivation team employing exacting
protocols throughout the growing, harvesting and curing process
that seek to deliver a premium experience for customers, 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’s inability to make its products available to the
Province of Manitoba for any reason, Flowr’s inability to provide
customers with the experience they want, which could impact sales,
Flowr being unable to provide Manitoba customers with a premium,
non-irradiated product, which could materially impact sales,
Flowr’s cultivation team failing to achieve the standards or level
of products described herein, including with respect to quality and
consistency of product offerings, the inability of Flowr to
construct or maintain its facilities at GMP standards, which could
significantly impact sales and/or the quality of Flowr’s products,
Flowr’s cultivation team not employing exacting protocols
throughout the growing, harvesting and curing process, which could
impact the quality of the products and the experience for
customers, Flowr not being able to provide premium-quality cannabis
that appeals to the adult-use recreational market and addresses
specific patient needs in the medicinal market, Flowr’s inability
to excel at cultivating premium cannabis, Flowr’s inability to
construct its facilities, or in the time anticipated, which could
materially adversely impact its growing capacity and sales, demand
for cannabis products decreasing, including with respect to Flowr’s
products, the inability of Flowr to provide what it perceives to be
much-needed, high quality product to the market, the inability of
Flowr to control the growing environment in its facilities, which
could result in loss of products or the need to irradiate products,
thus impacting the supply and demand for and/or quality of the
products, 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 or R&D 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 Only: Bram Judd
The Flowr Corporation
+1-905-940-3993 ext. 1520
bram@flowr.ca
The Flowr (TSXV:FLWR)
Historical Stock Chart
From Aug 2024 to Sep 2024
The Flowr (TSXV:FLWR)
Historical Stock Chart
From Sep 2023 to Sep 2024