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The Flowr Corporation (FLWR.V)
Chart Events
Performance Outlook
| Previous Close | 0.3050 |
| Open | 0.3250 |
| Bid | 0.3200 x 0 |
| Ask | 0.3250 x 0 |
| Day's Range | 0.3150 - 0.3250 |
| 52 Week Range | 0.3000 - 0.7200 |
| Volume | 208,287 |
| Avg. Volume | 614,296 |
| Market Cap | 117.233M |
| Beta (5Y Monthly) | 0.26 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.3910 |
| Earnings Date | Nov 24, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 1.02 |
- GlobeNewswire
The Flowr Corporation Announces Fourth Quarter 2020 Earnings Date
Flowr will release fourth quarter earnings after market close on Wednesday, April 28, 2021 and will host a conference call to review results on Wednesday, April 28, 2021 at 5:30 p.m. (Eastern Time). TORONTO, April 09, 2021 (GLOBE NEWSWIRE) -- The Flowr Corporation (TSX.V: FLWR; OTC: FLWPF) (“Flowr” or the “Company”) announces that the Company will release its fourth quarter and full year 2020 results after the close of the financial markets on Wednesday, April 28, 2021. There will be a conference call and webcast to review these results on Wednesday, April 28 at 5:30 p.m. (Eastern Time). Conference call and webcast details are as follows: Webcast: flowrcorp.com/investorsOnline registration: http://www.directeventreg.com/registration/event/8493169 Conference call replay details are as follows: Toll Free: 1-800-585-8367Toll/International: 1-416-621-4642Passcode: 8493169Webcast: flowrcorp.com/investorsThe replay of the conference call will be available through midnight on Friday, May 7, 2021. Terrace Acquisition – Issuance of Shares In addition, in connection with the Company’s acquisition (the “Acquisition”) of Terrace Global Inc. (“Terrace”), the Company has completed its previously announced settlement in respect of the change of control payments owed to certain former directors and officers of Terrace (the “Change of Control Payment”) and the fees owed to Terrace’s financial advisor, Hyperion Capital Inc. (“Hyperion”), in respect of the Acquisition (the “Hyperion Payment”). An aggregate of 276,569 Common Shares were issued at a deemed price of $0.44 per Common Share pursuant to the Change of Control Payment. An aggregate of 467,681 Common Shares were issued at a deemed price of $0.385 per Common Share pursuant to the Hyperion Payment. Private Placement The Company announced today the termination of the previously announced non-brokered private placement of common shares of Flowr for gross proceeds of up to $1,000,000. About The Flowr Corporation The Flowr Corporation is a Toronto-headquartered cannabis company with operations in Canada, Europe, and Australia. Its Canadian operating campus, located in Kelowna, BC, includes a purpose-built, GMP-designed indoor cultivation facility; an outdoor and greenhouse cultivation site; and a state-of-the-art R&D facility. From this campus, Flowr produces recreational and medicinal products. Internationally, Flowr intends to service the global medical cannabis market through its subsidiary Holigen, which has a license for cannabis cultivation in Portugal and operates GMP licensed facilities in both Portugal and Australia. Flowr aims to support improving outcomes through responsible cannabis use and, as an established expert in cannabis cultivation, strives to be the brand of choice for consumers and patients seeking the highest-quality craftsmanship and product consistency across a portfolio of differentiated cannabis products. For more information, please visit flowrcorp.com or follow Flowr on Twitter: @FlowrCanada and LinkedIn: The Flowr Corporation. On behalf of The Flowr Corporation:Irina HossuChief Financial Officer CONTACT INFORMATION: INVESTORS & MEDIA:Irina Hossu, Chief Financial OfficerIrina.hossu@flowr.ca
- CNW Group
Media Advisory - PS Hutchings Virtual Visit - Atlantic Provinces
ATLANTIC CANADA, March 17, 2021 /CNW/ - As part of her two-day virtual tour in the Maritimes region, Gudie Hutchings, Parliamentary Secretary to the Minister for Women and Gender Equality and Rural Economic Development, on behalf of the Honourable Maryam Monsef, Minister for Women and Gender Equality and Rural Economic Development, will meet with stakeholders in various local industries and organizations and make important funding announcements. Please note that all details are subject to change.
- GlobeNewswire
The Flowr Corporation Announces Closing of $15.9 Million Bought Deal Financing
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, March 16, 2021 (GLOBE NEWSWIRE) -- The Flowr Corporation (TSX.V: FLWR; OTC: FLWPF) (“Flowr” or the “Company”) is pleased to announce that it has closed its previously announced bought deal short form prospectus offering (the “Offering”). In connection with the Offering, the Company issued 31,127,453 units of the Company (the “Units”) at a price of $0.51 per Unit (the “Issue Price”) for aggregate gross proceeds to the Company of approximately $15.9 million, inclusive of the partial exercise of the over-allotment option. The Offering was completed by Cantor Fitzgerald Canada Corporation, as sole bookrunner and lead underwriter (the “Lead Underwriter”), ATB Capital Markets Inc., Canaccord Genuity Corp. and Echelon Wealth Partners Inc. (collectively with the Lead Underwriter, the “Underwriters”). Each Unit consists of one common share in the capital of Flowr (each a “Common Share”) and one full Common Share purchase warrant of the Company (each whole warrant, a “Warrant”). Each Warrant is exercisable to acquire one Common Share at an exercise price of $0.64 per Common Share for a period of two years from March 16, 2021 (the “Closing Date”). Following the partial exercise of the over-allotment option granted to the Underwriters, an additional 3,274,508 Units remain exercisable by the Underwriters at the Issue Price, in whole or in part, at any time for a period of thirty days from the Closing Date. The Underwriters were paid a cash commission equal to 7.0% of the gross proceeds of the Offering and received Unit purchase warrants of the Company (the “Underwriters’ Warrants”) equal to 6.0% of the number of Units sold under the Offering, with each Underwriters’ Warrant being exercisable to acquire one common share at the Issue Price for a period of 24 months from the Closing Date. The net proceeds of the Offering will be used for general corporate purposes. This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act of 1933 (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. About The Flowr Corporation The Flowr Corporation is a Toronto-headquartered cannabis company with operations in Canada, Europe, and Australia. Its Canadian operating campus, located in Kelowna, BC, includes a purpose-built, GMP-designed indoor cultivation facility; an outdoor and greenhouse cultivation site; and a state-of-the-art R&D facility. From this campus, Flowr produces recreational and medicinal products. Internationally, Flowr intends to service the global medical cannabis market through its subsidiary Holigen Holdings Limited, which indirectly has a license for medical cannabis cultivation in Portugal and operates GMP licensed facilities in both Portugal and Australia. In 2020, Flowr’s BC Pink Kush was recognized as the top indica strain in Canada by kind magazine. Flowr aims to support improving outcomes through responsible cannabis use and, as an established expert in cannabis cultivation, strives to be the brand of choice for consumers and patients seeking the highest-quality craftsmanship and product consistency across a portfolio of differentiated cannabis products. For more information, please visit flowrcorp.com or follow Flowr on Twitter: @FlowrCanada and LinkedIn: The Flowr Corporation. On behalf of The Flowr Corporation:Lance EmanuelPresident and Interim Chief Executive Officer CONTACT INFORMATION: INVESTORS & MEDIA:Irina Hossu, Chief Financial OfficerIrina.hossu@flowr.ca Forward-Looking Information and Statements This press release contains “forward-looking information” within the meaning of Canadian securities laws. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “is expected”, “expects”, “scheduled”, “intends”, “contemplates”, “anticipates”, “believes”, “proposes” or variations (including negative and grammatical variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Such information and statements are based on the current expectations of Flowr’s management and are based on assumptions and subject to risks and uncertainties. Although Flowr’s management believes that the assumptions underlying such information and statements are reasonable, they may prove to be incorrect. The forward-looking events and circumstances discussed in this press release may not occur by certain specified dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting Flowr, including risks relating to: general economic and stock market conditions; adverse industry events; loss of markets; future legislative and regulatory developments in Canada and elsewhere; the cannabis industry in Canada generally; the ability of Flowr to implement its business strategies; Flowr’s inability to produce or sell premium quality cannabis, risks and uncertainties detailed from time to time in Flowr’s filings with the Canadian Securities Administrators; the Company’s inability to raise capital or have the liquidity to operate or advance its strategic initiatives and many other factors beyond the control of Flowr. Although Flowr has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information or statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. No forward-looking information or statement can be guaranteed. Except as required by applicable securities laws, forward-looking information and statements speak only as of the date on which they are made and Flowr undertakes no obligation to publicly update or revise any forward-looking information or statements, whether as a result of new information, future events or otherwise. When considering such forward-looking information and statements, readers should keep in mind the risk factors and other cautionary statements in Flowr’s Annual Information Form dated April 29, 2020 (the “AIF”) and filed with the applicable securities regulatory authorities in Canada. The risk factors and other factors noted in the AIF could cause actual events or results to differ materially from those described in any forward-looking information or statements. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
