Previous Close | 0.0180 |
Open | 0.0216 |
Bid | 0.0000 x 0 |
Ask | 0.0000 x 0 |
Day's Range | 0.0216 - 0.0216 |
52 Week Range | 0.0140 - 0.1990 |
Volume | |
Avg. Volume | 64,867 |
Market Cap | 9.742M |
Beta (5Y Monthly) | 0.46 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -0.1640 |
Earnings Date | Aug 29, 2022 - Sep 02, 2022 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | N/A |
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Highlights: Headcount reduction by 40% resulting in over $4m in cost savings per yearAgreement to sell non-core asset for aggregate gross proceeds of $3.4m TORONTO, June 23, 2022 (GLOBE NEWSWIRE) -- The Flowr Corporation (TSX.V: FLWR; OTC: FLWPF) (“Flowr” or the “Company”) herein announces the completion of a significant corporate headcount reduction resulting in over $4m in cost savings per year as well as an agreement to sell a non-core asset for aggregate gross proceeds of $3.4m. Headcount Re
Highlights: In Q1 2022, the Company generated gross revenue of $3.9 million as a result of the sale of 1,179,735 grams of dried cannabis flower, an increase of 75% compared to Q1, 2021Net loss decreased by $2.2 million in Q1, 2022 or 26% to a loss of $6.1 million compared to Q1, 2021SG&A expenses in Q1 2022 were $2.9 million, or 29% lower than Q1, 2021 Key Subsequent Events: During Q2, the Company paid $1.6 million from the Holigen sale towards the repayment of the ATB Term Facility upon closing