FLOWR ANNOUNCES APPOINTMENT OF GENERAL COUNSEL
October 04 2018 - 7:49AM
The Flowr Corporation (the “Company” or “Flowr”) (TSXV: FLWR)
announced today that Francesco Tallarico has joined the Company as
General Counsel and Corporate Secretary effective October 1, 2018.
Mr. Tallarico brings a wealth of experience in M&A,
corporate governance and public company matters, having served as
the Chief Legal Officer and Corporate Secretary of a TSX listed
pharmaceutical company since 2014.
"I am very pleased to welcome Francesco to the Flowr executive
management team," said Vinay Tolia CEO of Flowr. "He is an
exceptional leader and lawyer and brings a wealth of experience
that we expect will prove instrumental as we continue to execute on
our strategic goals." Mr. Tolia continued, “I would like to
also thank David Miller, who has been handling our legal matters as
corporate secretary, for his tremendous support and leadership. We
look forward to our continued relationship with David, as he
remains on our Board of Directors.”
Prior to joining Flowr, Mr. Tallarico served as Chief Legal
Officer and Corporate Secretary at Concordia International Corp., a
specialty pharmaceutical company listed on the TSX and operating in
over 90 countries. At Concordia, Mr. Tallarico led the global
legal and compliance functions, including having led Concordia’s
M&A transactions valued at over USD$4.5 billion and corporate
restructuring that resulted in Concordia reducing its debt by
approximately USD$2.4 billion. Before joining Concordia, Mr.
Tallarico practiced law in Toronto at Fasken Martineau DuMoulin
LLP, specializing in corporate finance, M&A and securities
matters. Mr. Tallarico received his Bachelor of Arts from the
University of Toronto and his Juris Doctor from the University of
Windsor.
In addition, Flowr also announced today that the board of
directors of the Company has approved the granting of 325,000
incentive stock options (the “Options”) to an officer of the
Company. The Options are exercisable at a price of CAD$5.24
per share for a period of five years. The Options will vest in
equal proportion on a monthly basis over a period of thirty-six
months, with the first monthly vesting to occur on December 31,
2018, with each subsequent vesting to occur on each of the
following thirty-five (35) subsequent one (1) month anniversaries
of that date.
About Flowr
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 designed 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.
The Company has agreements with three provinces to provide its
premium cannabis for the upcoming adult recreational use market and
Flowr has an exclusive R&D alliance with Hawthorne
Gardening, a subsidiary of The Scotts Miracle-Gro Company (NYSE:
SMG). Flowr began trading on the TSX Venture Exchange on September
26, 2018 under the symbol FLWR.
For more information, visit www.flowr.ca Follow
Flowr on Twitter: @FlowrCanada; Facebook: Flowr Canada; and
Instagram: @flowrcanada
Forward-Looking Statements and Information
Although the Company believes, in light of the experience of its
officers and directors, current conditions and expected future
developments and other factors that have been considered
appropriate that the expectations reflected in this forward-looking
information are reasonable, undue reliance should not be placed on
them because the Company can give no assurance that they will prove
to be correct. When used in this press release, the words
"estimate", "project", "belief", "anticipate", "intend", "expect",
"plan", "predict", "may" or "should" and the negative of these
words or such variations thereon or comparable terminology are
intended to identify forward-looking statements and information.
The forward-looking statements and information in this press
release include information relating to senior management team and
Board of Directors of the Company, their experience and their
anticipated impact on the Company and the ability of the Company to
be well positioned with a line of premium quality cannabis products
for the upcoming adult-use market. Such statements and
information reflect the current view of Flowr. Risks and
uncertainties may cause actual results to differ materially from
those contemplated in those forward-looking statements and
information.
By their nature, forward-looking statements and information
involve known and unknown risks, uncertainties and other factors
which may cause our actual results, performance or achievements, or
other future events, to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements and information. Such factors include,
among others, the following risks: (i) the officers and board
members described in this press release may not have the experience
to grow Flowr or enable it to achieve its goals; (ii) Flowr may
require additional financing from time to time in order to continue
its operations and financing may not be available when needed or on
terms and conditions acceptable to Flowr; (iii) new laws or
regulations could adversely affect Flowr’s business and results of
operations; (iv) Flowr may not be well positioned with a line of
premium quality cannabis products; (v) competitive factors; (vi)
the loss of licenses or approvals; and (vii) the stock markets have
experienced volatility that often has been unrelated to the
performance of companies. These fluctuations may adversely affect
the price of Flowr’s securities, regardless of its operating
performance. There are a number of important factors that could
cause Flowr’s actual results to differ materially from those
indicated or implied by forward-looking statements and information.
Such factors include, among others: currency fluctuations; limited
business history of Flowr; disruptions or changes in the credit or
security markets; results of operation activities and development
of projects; project cost overruns or unanticipated costs and
expenses, and general market and industry conditions. The
Company undertakes no obligation to comment on analyses,
expectations or statements made by third parties in respect of
Flowr, their securities, or their operating results (as
applicable).
Flowr cautions that the foregoing list of material factors is
not exhaustive. When relying on Flowr’s forward-looking statements
and information to make decisions, investors and others should
carefully consider the foregoing factors and other uncertainties
and potential events. Flowr has assumed that the material factors
referred to in the previous paragraph will not cause such
forward-looking statements and information to differ materially
from actual results or events. However, the list of these factors
is not exhaustive and is subject to change and there can be no
assurance that such assumptions will reflect the actual outcome of
such items or factors. The forward-looking statements and
information contained in this press release represents the
expectations of Flowr as of the date of this press release and,
accordingly, is subject to change after such date. Readers should
not place undue importance on forward-looking statements and
information and should not rely upon this information as of any
other date. Flowr does not undertake to update this information at
any particular time except as required in accordance with
applicable laws.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this press release.
- ends -
Jim Walsh
The Flowr Corporation
+1-607-275-7141
jwalsh@flowr.ca
Bruce Dunbar
The Flowr Corporation
+1-917-756-4065
bdunbar@flowr.ca
For Investors: Alex Dann
The Flowr Corporation
+1-416-464-4067
adann@flowr.ca
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