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.
A variety of configurations allow the CubicFarm growing modules to be customized to the crop. This image shows spring greens in production. Source: CubicFarm Systems Corp.
Set against a backdrop of snow-capped mountains, what looks like a Quonset hut sits amid blueberry fields in the Vancouver suburb of Pitt Meadows flanked by what appears to be a dozen shipping containers.
But the arched structure is the command centre of a new kind of controlled-environment agriculture system, one that could make plant production more efficient and enhance local food security.
Known as CubicFarm modules, the indoor food-grade stainless steel growing chambers that flank the central work area can produce 6,240 heads of lettuce onsite every three weeks, as well as other produce, herbs, and microgreens. A conveyor cycles more than 250 growing trays along a patented undulating path in as little as 90 minutes, receiving light and nutrient-rich water along the way. Each module consumes approximately 1
TILT Holdings Announces Two New Additions To Its Leadership Team
TILT Holdings Inc. (CSE:TILT) (OTCQX:TLLTF) has welcomed Darryl K. Henderson, J.D., and Roseann Valencia-Fernandez to its ranks.
The Phoenix-based company tapped Henderson to serve as senior vice president of human resources. He brings vast experience in business leadership and human resource management.
Prior to this, he worked at Monsanto Company, First Union National Bank, Lowe’s Home Improvement and Logistics Trust, a startup cannabis technology company.
Valencia-Fernandez agreed to serve as vice president of marketing. The marketing expert sharpened her skills while working in the cannabis and beauty CPG industries for over two decades.
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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.