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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.