Flowr” or the “
Company”) is pleased to announced that its latest strain, BC Black Cherry, won the top award at the Highlife Cannabis Cup. The Highlife Cannabis Cup, which was organized by Sessions Enterprises, host and creators of ‘The Highlife’, is the first of its kind in Canada and featured three micro-cultivators and three licensed producers.
“We are really honoured to have been asked to participate and even more proud to have taken the top spot at the Highlife Cannabis Cup. This win against micro-growers and other premium producers illustrates our ability to grow high end cannabis,” commented Darryl Brooker, Chief Executive Officer of the Company. “Being able to garner accolades from top budtenders and cannabis connoisseurs is very important for us. At Flowr, we don’t see our competition being simply other licensed producers, but also the legacy market growers. In order for us to succeed long-term, we need to be able to grow quad level product and capture th
The Flowr Corporation Announces First Quarter 2021 Earnings Date benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
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Highlights:
Strategic Review Committee has commenced process of rightsizing headcount for immediate cost reductions, reducing annual operating expenses by approximately $2 million, excluding restructuring charges.
The Company maintains a strong liquidity position with approximately $23.5 million in cash and cash equivalents as of March 31, 2021 with a $100 million base shelf prospectus available.
Flowr has disposed of non-core licenses and operations in offshore jurisdictions.
The Company expects approximately $5 million from non-core asset sales, including approximately 4 acres of industrial land located in Kelowna.
The Company focused on being an ultra-premium and premium dry flower producer in Canada and the E.U.
TORONTO, April 14, 2021 (GLOBE NEWSWIRE) The Flowr Corporation ((TSX.V: FLWR, OTC:FLWPF) (
Toronto-based Flowr exits Australia, Uruguay, Spain cannabis markets mjbizdaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mjbizdaily.com Daily Mail and Mail on Sunday newspapers.