NEW YORK, Sept. 06, 2018 (GLOBE NEWSWIRE) -- via NetworkNewsAudio - NetworkNewsAudio (NNA), a NetworkNewsWire (NNW) Solution that delivers clients unparalleled visibility, recognition and brand awareness in the investment community, today announces the online availability of its interview with The Flowr Corporation (Okanagan), Inc. (“Flowr”), a client of NNW engaged in the cultivation of premium cannabis at high yields and low costs in Canada.
The interview can be heard at http://nnw.fm/DV21h
NNW’s Stuart Smith introduces Flowr’s chairman and Chief Strategist Steve Klein in an interview that reviews the company’s milestones and strategies to stay on the cutting-edge of cultivation in Canada’s legal cannabis space.
Flowr is licensed to grow and produce cannabis for the burgeoning market, which currently includes the direct-to-consumer medicinal sector and is expanding to allow adult recreational-use in October. Klein indicates that a core differentiator between Flowr and other Canadian licensed producers (LPs) is its ability to produce premium quality cannabis at a high yield per square foot, resulting in higher margins that benefit top and bottom lines.
Klein emphasizes that there is vast variance in the quality of cannabis product on the market, and attributes Flowr’s capability to consistently produce premium quality at scale as a critical component of success. The company has 84,000 square feet of production underway in Kelowna, British Columbia, and Flowr’s ability to leverage its large-scale facilities provides the opportunity to meet rampant demand for high-quality product.
Creating this capability is Flowr’s team of experienced professionals that facilitates production in controlled environments in compliance with stringent regulations, Klein says. Led by Tom Flow, who has a rare combination of expertise on all aspects of the business, including cultivation, design and engineering, Flowr controls plant cultivation at all points of production. The team also holds solid industry experience as well as a track record leading business success in publicly traded companies.
Since its 2016 inception, Flowr has accomplished significant milestones, such as successfully raising approximately CAN$38 million in capital. It has also received key building, cultivation and sales licenses. To date, Flowr has concluded five harvests and has entered an important R&D alliance with The Scotts Miracle-Gro Company subsidiary Hawthorne Gardening. Flowr and Hawthorne are preparing to break ground on a jointly-operated 50,000-square-foot purpose-built R&D facility that is integrated into Flowr’s Kelowna campus.
Klein concludes the interview discussing the company's outlook for the remainder of the year, which includes its plan to list on the TSX exchange in September. Flowr also expects to complete its flagship facility which should reach full capacity in 2019 with an annual production rate of approximately 14,000 kilos.
With these strategic moves, Klein says Flowr intends to deliver efficient yields and a strong top and bottom line for its investors and high quality, consistent product to meet growing consumer demand.
About Flowr Corporation
The Flowr Corporation, through its subsidiaries, is a vertically-integrated Canadian cannabis company focused on the natural science of cannabis. With head offices in Markham, ON and production in Kelowna, BC, Flowr builds and operates large-scale, GMP compliant cultivation facilities utilizing its own patented growing systems. Flowr’s investment in research and development ensures that its master growers are able to supply patients with consistent, high-quality medicinal cannabis. With a sense of craftsmanship and a spirit of innovation, Flowr is also well positioned with a line of premium quality cannabis products for the upcoming adult-use market.
Flowr received it Sales License from Health Canada in August 2018, enabling it to sell into the medicinal and adult-sue markets. The company recently signed agreements to supply premium cannabis to the British Columbia Liquor Distribution Board and the Ontario Cannabis Store, the sole retailers of non-medicinal cannabis in those provinces following the October 17 legalization of adult recreational consumption. Flowr also intends to begin selling through partnerships with medicinal distributors in the coming weeks.
For more information, visit the company’s website at www.Flowr.ca
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This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
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