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    FLWR   CA34354X1087

THE FLOWR CORPORATION

(FLWR)
  Report
Delayed Quote. Delayed Bourse de Toronto - 10/27 05:00:00 pm
0.105 CAD   --.--%
09/25The Flowr Corporation - ATM Program Quarterly Update
GL
09/22FLOWR : Awarded Gold Effie for Marketing Effectiveness
AQ
09/10FLOWR : Announces Resignation of Director
AQ
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The Flowr Corporation - ATM Program Quarterly Update

09/25/2021 | 12:56am EDT

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE U.S.

TORONTO, Sept. 25, 2021 (GLOBE NEWSWIRE) -- Pursuant to the at-the-market equity program (“ATM Program”) of The Flowr Corporation (TSX.V: FLWR; OTC: FLWPF) (“Flowr” or the “Company”), and as required pursuant to National Instrument 44-102 – Shelf Distributions and the policies of the TSX Venture Exchange (“TSXV”), the Company announces that, since the commencement of the ATM Program on June 1, 2021 to its first quarter ended June 30, 2021, it has issued an aggregate of 238,500 common shares of the Company (the “ATM Shares”) over the TSXV, for aggregate gross proceeds to the Company of $62,212.45. The ATM Shares were sold at prevailing market prices, for an average price per ATM Share of $0.27. Pursuant to the equity distribution agreement associated with the ATM Program (the “EDA”), a cash commission of $1,866.37 on the aggregate gross proceeds raised was paid to the agent in connection with its services under the EDA to June 30, 2021.

This news release does not constitute an offer to sell or the solicitation of an offer to buy the common shares of the Company, nor shall there be any sale of the common shares of the Company in any province, state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such province, state or jurisdiction.

About Flowr


The Flowr Corporation is a Canadian cannabis company with operations in Canada and the European Union. 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 services the global medical cannabis market through its subsidiary, Holigen Holdings Limited, which has a license for cannabis cultivation in Portugal and operates a GMP licensed facility in Portugal. 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:

Darryl Brooker
Chief Executive Officer

CONTACT INFORMATION:

INVESTORS & MEDIA:
John Chou
Chief Financial Officer
John.chou@flowr.ca

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.


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ę GlobeNewswire 2021
All news about THE FLOWR CORPORATION
09/25The Flowr Corporation - ATM Program Quarterly Update
GL
09/22FLOWR : Awarded Gold Effie for Marketing Effectiveness
AQ
09/10FLOWR : Announces Resignation of Director
AQ
09/10The Flowr Corporation Announces the Resignation of Vince Gasparro from the Board of Dir..
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08/31FLOWR : Reports Q2 Net Loss of $0.02 Per Share
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08/30The Flowr Corporation Reports Earnings Results for the Second Quarter Ended June 30, 20..
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08/30The Flowr Corporation Announces Second Quarter and First Half 2021 Results
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08/20FLOWR : Announces Second Quarter 2021 Earnings Date
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08/20FLOWR : Completes Strategic Review to Boost Financial Viability
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08/19The Flowr Corporation Provides Operational Update
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More news
Financials
Sales 2021 14,0 M 11,3 M 11,3 M
Net income 2021 -30,0 M -24,3 M -24,3 M
Net Debt 2021 21,0 M 17,0 M 17,0 M
P/E ratio 2021 -0,31x
Yield 2021 -
Capitalization 42,0 M 34,0 M 33,9 M
EV / Sales 2021 4,50x
EV / Sales 2022 1,62x
Nbr of Employees 186
Free-Float 74,2%
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 2
Last Close Price 0,11 CAD
Average target price 0,63 CAD
Spread / Average Target 495%
EPS Revisions
Managers and Directors
Darryl Brooker Chief Executive Officer
John Chou Chief Financial Officer
Ivan Latysh Chief Technology Officer
Aiden Nix Senior Vice President-Operations
Maurice Albert Levesque Independent Director
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