The Flowr Corporation (TSXV: FLWR; OTC: FLWPF) (“Flowr” or the
“Company”) today announced the Company will participate at Piper
Jaffray’s 39th Annual Consumer Marketplace Conference, being held
on Thursday, June 6, 2019, at The Pierre New York in New York City.
Flowr’s Chief Executive Officer, Vinay Tolia, is
scheduled to participate in the "Accelerating Canadian Players”
panel discussion from 10:15 a.m. to 11:00 a.m. ET and will be
available for one-on-one meetings throughout the day during the
conference.
The Company is also advancing its ambitions to
secure distribution in additional Canadian jurisdictions, including
Alberta which is the largest volume market where Flowr products are
not currently available. Flowr branded recreational products are
currently available in Ontario, British Columbia, Manitoba, Nova
Scotia and Saskatchewan, and FlowrRx® products for the medicinal
market are available through Shoppers Drug Mart.
About The Flowr Corporation
Flowr, through its subsidiaries, holds a
cannabis production and sales license granted by Health Canada.
With a head office in Toronto and a production facility in Kelowna,
BC, Flowr builds and operates large-scale, GMP-designed cultivation
facilities utilizing its own 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 flowr.ca. Follow
Flowr on Twitter: @FlowrCanada; Facebook: Flowr Canada; Instagram:
@flowrcanada; and LinkedIn: The Flowr Corporation.
On behalf of The Flowr Corporation:Vinay
ToliaCEO and Director
CONTACT INFORMATION:
MEDIA: Sean GriffinVice President, Communications & Public
Relations(877) 356-9726 ext. 1526sean.griffin@flowr.ca
INVESTORS:Thierry ElmalehHead of Capital Markets(877) 356-9726
ext. 1528thierry@flowr.ca
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: Flowr’s ambitions to secure distribution in additional
Canadian jurisdictions, including Alberta, Flowr’s investment in
research and development along with its sense of craftsmanship and
a spirit of innovation enabling it to provide premium-quality
cannabis that appeals to the adult-use recreational market and
addresses specific patient needs in the medicinal market, 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 add additional Canadian jurisdictions to
its distribution network, including the Province of Alberta, which
could materially impact revenues and its relationships with
purchasers, Flowr’s inability to make its products available to the
Province of Alberta for any reason, Flowr’s inability to provide
customers with the experience they want, which could impact sales,
Flowr being unable to provide Alberta customers with a premium,
non-irradiated product, which could materially impact sales,
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.
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