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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) (
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
The Flowr Corporation Wins Brand of the Year at ADCANN & Continues to Win Additional Awards
The Flowr CorporationJanuary 28, 2021 GMT
Flowr wins Brand of the Year and Campaign of the Year at the 2020 ADCANN awards.
The Company’s agency of record, Zerotrillion, was awarded Agency of the Year at the ADCANN 2020 awards for its work on Flowr’s brand. Flowr also won a Bronze award at the 2020 Clio Cannabis Awards for its BC Pink Kush campaign.
TORONTO, Jan. 27, 2021 (GLOBE NEWSWIRE) The Flowr Corporation (TSX.V: FLWR; OTC: FLWPF) (“Flowr” or the “Company”) has begun 2021 with three wins at the ADCANN Awards - including the coveted Brand of The Year award. The annual awards, which are voted on by the public, exist to celebrate the best marketing and advertising across Canada’s growing cannabis industry. Alongside the Brand of The Year Award, Flowr also won Campaign of the