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The Flowr Corporation Announces the Closing of the Strategic Acquisition of Terrace Global

Press release content from Globe Newswire. The AP news staff was not involved in its creation. The Flowr Corporation Announces the Closing of the Strategic Acquisition of Terrace Global The Flowr CorporationDecember 24, 2020 GMT Highlights: The Company has closed its strategic acquisition of Terrace Global, creating an entity with a strong balance sheet and global footprint. The Board of Directors and shareholder base now includes former founders of MedReleaf Corp., ICC Labs Inc. and Bedrocan Canada Inc. Simultaneously, through liability management, the Company is expected to achieve meaningful debt reduction and amendments to the Company’s senior credit facility before the end of 2020.

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