TORONTO, Jan. 09, 2020 (GLOBE NEWSWIRE) — The Flowr Corporation (TSX.V: FLWR; OTC: FLWPF) (“Flowr” or the “Company”) appear today that it has filed a basic abbreviate anatomy abject shelf announcement (the “Shelf Prospectus”) with the balance regulators in anniversary arena of Canada, except for the Arena of Quebec.
“Although we accept no absolute affairs to accession basic through this Shelf Announcement filing at this time, we accept it’s advisable to accord the Aggregation the adaptability to admission basic in the approaching back opportunities appear to abide active on our all-around advance strategies,” said Vinay Tolia, Chief Executive Officer of The Flowr Corporation. “Despite the contempo bazaar volatility, we abide to be bullish on the advance opportunities in our businesses globally in 2020 and beyond. As we declared in our Q3 update, we accept we’ll be banknote breeze breach alike in the added bisected of 2020 with the basic accessible to us today. Flowr’s administration and cabal buying exceeds 50%. Management’s and the Board’s interests are awful accumbent with all accepted and approaching shareholders of the Company.”
The Shelf Prospectus, back fabricated final, will acquiesce the Aggregation to accomplish offerings of accepted shares, adopted shares, debt securities, cable receipts, warrants or any aggregate thereof of up to $175 actor during the 25-month aeon that the Shelf Announcement is effective. If any balance are offered beneath the Shelf Prospectus, back fabricated final, the agreement of any such balance and the advised use of the net gain consistent from such alms would be accustomed at the time of any alms and would be declared in a announcement supplement filed with the applicative Canadian balance regulators at the time of such an offering. The purpose of the Shelf Announcement is to abbreviate the timeline to accession funds for advance opportunities and alive capital.
This columnist absolution does not aggregate an action to advertise or the address of an action to buy securities, nor will there be any auction of the balance in any administration in which such offer, address or auction would be actionable above-mentioned to the allotment or accomplishment beneath the balance laws of any such jurisdiction.
A archetype of the Shelf Prospectus, back fabricated final, can be begin on SEDAR at www.sedar.com.
The Aggregation additionally appear today that it will participate in two industry conferences in January. Vinay Tolia, Flowr’s Chief Executive Officer, will present on Tuesday, January 14th at 4:30 pm at ICR 2020 in Orlando, Florida. The presentation will be webcast and accessible on flowr.ca afterwards the event. Lance Emanuel, Flowr’s President, will participate on a console altercation on Tuesday January 14th at about 3:00 pm at the 8th Annual AltaCorp Institutional Investor Conference in Toronto, Canada.
The presentations will be accessible on the Investors area of the Company’s website at flowr.ca/investors/.
About The Flowr Corporation
The Flowr Corporation is a Toronto-headquartered cannabis aggregation with operations in Canada, Europe, and Australia. Its Canadian operating campus, amid in Kelowna, BC, includes a purpose-built, GMP-designed calm agronomics facility; an alfresco and greenhouse agronomics site; and a advanced R&D adeptness that is currently beneath construction. From this campus, Flowr produces recreational and alleviative products. Internationally, Flowr intends to account the all-around medical cannabis bazaar through its accessory Holigen, which has a authorization for cannabis agronomics in Portugal and will accomplish GMP-designed accomplishment accessories in Portugal and Australia.
Flowr aims to abutment convalescent outcomes through amenable cannabis use and, as an accustomed able in cannabis cultivation, strives to be the cast of best for consumers and patients gluttonous the highest-quality adroitness and artefact bendability above a portfolio of differentiated cannabis products.
For added information, amuse appointment flowr.ca or chase Flowr on Twitter: @FlowrCanada and LinkedIn: The Flowr Corporation.
On account of The Flowr Corporation:Vinay ToliaCEO and Director
INVESTORS & MEDIA:Thierry ElmalehHead of Basic Markets(877) 356-9726 ext. [email protected]
Forward-Looking Advice and Statements
This columnist absolution contains “forward-looking information” aural the acceptation of Canadian Balance laws, which may accommodate but is not bound to: the Company’s absolute affairs with account to adopting capital; the Company’s adeptness to admission basic in the approaching back opportunities emerge; the Aggregation continuing to assassinate on its all-around advance strategies; the Company’s advance opportunities for its businesses globally in 2020 and beyond; the Company’s expectations apropos acceptable banknote breeze breach even, including the timing thereof and accidental factors thereto; Flowr accommodating in two industry conferences; Flowr application the all-around medical cannabis bazaar and operating GMP-designed accomplishment accessories in Portugal and Australia; Flowr acknowledging convalescent outcomes through amenable cannabis use and appetite to be the cast of best for consumers and patients gluttonous highest-quality craftmanship and artefact consistency; and Flowr’s business, assembly and articles and Flowr’s affairs to accommodate exceptional affection cannabis to developed use recreational and medical markets. Often, but not always, advanced advice can be articular by the use of words such as “plans”, “is expected”, “expects”, “scheduled”, “intends”, “contemplates”, “anticipates”, “believes”, “proposes” or variations (including abrogating and grammatical variations) of such words and phrases, or accompaniment that assertive actions, contest or after-effects “may”, “could”, “would”, “might” or “will” be taken, action or be achieved. Such advice and statements are based on the accepted expectations of Flowr’s administration and are based on assumptions and accountable to risks and uncertainties. Although Flowr’s administration believes that the assumptions basal such advice and statements are reasonable, they may prove to be incorrect. The advanced contest and affairs discussed in this columnist absolution may not action by assertive authentic dates or at all and could alter materially as a aftereffect of accepted and alien accident factors and uncertainties affecting Flowr, including risks apropos to: the Company’s actuality clumsy to accession added basic or to admission basic in the approaching back opportunities emerge; the Aggregation actuality clumsy to assassinate its all-around advance strategies; advance opportunities for the Company’s businesses globally not materializing in 2020 and beyond; the Aggregation actuality clumsy to become banknote breeze breach alike aural the advancing timeframe or at all; Flowr actuality clumsy to account the all-around medical cannabis bazaar and/or accomplish GMP-designed accomplishment accessories in Portugal and Australia; Flowr actuality clumsy to abutment convalescent outcomes through amenable cannabis use and/or appetite to be the cast of best for consumers and patients gluttonous highest-quality craftmanship and artefact consistency; the architecture and development of Holigen’s and the Company’s agronomics and assembly facilities; accepted bread-and-butter and banal bazaar conditions; adverse industry events; accident of markets; approaching aldermanic and authoritative developments in Canada and elsewhere; the cannabis industry in Canada generally; the adeptness of Flowr to apparatus its business strategies; Flowr’s disability to aftermath or advertise exceptional affection cannabis, risks and uncertainties abundant from time to time in Flowr’s filings with the Canadian Balance Administrators; and abounding added factors above the ascendancy of Flowr.
Although Flowr has attempted to analyze important factors that could account absolute actions, contest or after-effects to alter materially from those declared in advanced advice or statements, there may be added factors that account actions, contest or after-effects to alter from those anticipated, estimated or intended. No advanced advice or account can be guaranteed. Except as appropriate by applicative balance laws, advanced advice and statements allege alone as of the date on which they are fabricated and Flowr undertakes no obligation to about amend or alter any advanced advice or statements, whether as a aftereffect of new information, approaching contest or otherwise. Back because such advanced advice and statements, readers should accumulate in apperception the accident factors and added cautionary statements in Flowr’s Annual Advice Anatomy anachronous April 3, 2019 (the “AIF”) and filed with the applicative balance authoritative authorities in Canada. The accident factors and added factors acclaimed in the AIF could account absolute contest or after-effects to alter materially from those declared in any advanced advice or statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that appellation is authentic in behavior of the TSX Venture Exchange) accepts albatross for the capability or accurateness of this release.
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