Dried flower remains Canadians top pot purchase in 2020 with over $2B sold
Canadians bought more than $2 billion of dried flower cannabis products last year, while sales of edible products remained muted, according to Statistics Canada.
StatsCan s quarterly retail commodity survey showed dried flower continued to dominate the legal Canadian recreational market, accounting for more than three-quarters of all sales. Roughly $2.01 billion of dried flower, which also includes pre-rolls, were sold in 2020, with the fourth-quarter seeing nearly double the amount sold from the prior year with $614.4 million, according to StatsCan.
Interestingly, the next leading category was extracts and concentrates, which came in at $323.9 million sold last year, or 12.3 per cent of all sales. The category, which was only made available for legal sale in Oct. 2019, surged in retail activity with quarterly sales tripling by the fourth-quarter of the year to $123.7 million. Extract sale
Winery president Brooker becomes cannabis CEO with Flowr - Kelowna News castanet.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from castanet.net Daily Mail and Mail on Sunday newspapers.
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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) (
The Flowr Corporation Announces Appointment of Darryl Brooker as Chief Executive Officer and Noel Biderman to the Board of Directors streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
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TORONTO, Feb. 10, 2021 (GLOBE NEWSWIRE) The Flowr Corporation (TSX.V: FLWR; OTC: FLWPF) (“
Flowr” or the “
Company”) is pleased to announce that it has entered into an agreement with Cantor Fitzgerald Canada Corporation as sole bookrunner and lead underwriter (the “
Lead Underwriter”) pursuant to which the Lead Underwriter has agreed, on behalf of a syndicate of underwriters (collectively, the “
Underwriters”), to purchase, on a bought deal basis pursuant to the filing of a short form prospectus, an aggregate of 19,610,000 units of the Company (the “