The Flowr Corporation Files Final Base Shelf Prospectus
April 13 2021 - 8:05AM
The Flowr Corporation (TSX.V: FLWR; OTC: FLWPF)
(“
Flowr” or the “
Company”) is
pleased to announce that it has filed a final short form base shelf
prospectus (the “
Final Shelf Prospectus”) with the
securities commissions or similar authorities in each province of
Canada.
The Final Shelf Prospectus enables the Company
to offer and issue up to $100,000,000 of common shares, preferred
shares, debt securities, subscription receipts and warrants, or any
combination thereof (collectively, the
“Securities”). The Securities may be issued from
time to time, separately or together, in amounts, at prices, and on
terms to be determined based on market conditions at the time of
the offering and as set out in an accompanying prospectus
supplement, during the 25-month period that the Final Shelf
Prospectus remains effective. The amount and timing of any future
offerings will be based on the Company’s financial requirements and
market conditions at that time.
This news release does not constitute an offer
to sell or a solicitation of an offer to sell any of the securities
in the United States. The securities have not been and will not be
registered under the U.S. Securities Act of 1933 (the “U.S.
Securities Act”) or any state securities laws and may not
be offered or sold within the United States or to U.S. Persons (as
defined in Regulation S under the U.S. Securities Act) unless
registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is
available.
The Final Shelf Prospectus containing important
information relating to these securities has been filed with
securities commissions or similar authorities in each province of
Canada, and may be subject to amendment. A copy of the Final Shelf
Prospectus can be obtained under the Company’s corporate profile on
SEDAR at www.sedar.com.
About The Flowr Corporation
The Flowr Corporation is a Toronto-headquartered
cannabis company with operations in Canada, Europe, and
Australia. Its Canadian operating campus, located in Kelowna,
BC, includes a purpose-built, GMP-designed indoor cultivation
facility; an outdoor and greenhouse cultivation site; and a
state-of-the-art R&D facility. From this campus, Flowr
produces recreational and medicinal products.
Internationally, Flowr intends to service the global medical
cannabis market through its subsidiary Holigen Holdings Limited,
which indirectly has a license for medical cannabis cultivation in
Portugal and operates GMP licensed facilities in both Portugal and
Australia. In 2020, Flowr’s BC Pink Kush was recognized as the top
indica strain in Canada by kind magazine.
Flowr aims to support improving outcomes through
responsible cannabis use and, as an established expert in cannabis
cultivation, strives to be the brand of choice for consumers and
patients seeking the highest-quality craftsmanship and product
consistency across a portfolio of differentiated cannabis
products.
For more information, please visit flowrcorp.com
or follow Flowr on Twitter: @FlowrCanada and LinkedIn: The Flowr
Corporation.
On behalf of The Flowr Corporation:
Lance EmanuelPresident and Interim Chief
Executive Officer
CONTACT INFORMATION:
INVESTORS & MEDIA:Irina Hossu, Chief Financial
OfficerIrina.hossu@flowr.ca
Forward-Looking Information and Statements
This press release contains “forward-looking
information” within the meaning of Canadian securities laws. 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 information and
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 such information and 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: the
amount and timing of any future offerings under the Final Shelf
Prospectus (and accompanying supplement); general economic and
stock market conditions; adverse industry events; loss of markets;
future legislative and regulatory developments in Canada and
elsewhere; the cannabis industry in Canada generally; the ability
of Flowr to implement its business strategies; Flowr’s inability to
produce or sell premium quality cannabis, risks and uncertainties
detailed from time to time in Flowr’s filings with the Canadian
Securities Administrators; the Company’s inability to raise capital
or have the liquidity to operate or advance its strategic
initiatives 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 or statements, there may be other
factors that cause actions, events or results to differ from those
anticipated, estimated or intended. No forward-looking information
or statement can be guaranteed. Except as required by applicable
securities laws, forward-looking information and statements speak
only as of the date on which they are made and Flowr undertakes no
obligation to publicly update or revise any forward-looking
information or statements, whether as a result of new information,
future events or otherwise. When considering such forward-looking
information and statements, readers should keep in mind the risk
factors and other cautionary statements in Flowr’s Annual
Information Form dated April 29, 2020 (the “AIF”) and filed with
the applicable securities regulatory authorities in Canada. The
risk factors and other factors noted in the AIF could cause actual
events or results to differ materially from those described in any
forward-looking information or statements.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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