The Flowr Corporation (TSXV: FLWR) (“Flowr”), a Canadian
Licensed Producer of premium cannabis products, and Hawthorne
Canada Limited (“Hawthorne”) today celebrated the ground breaking
for the construction of North America’s first research and
development facility dedicated to advancing cannabis cultivation
techniques and systems. Hawthorne Canada is a
subsidiary of Hawthorne Gardening Company which provides
an array of tools for a multitude of gardening needs and is a
subsidiary of The Scotts Miracle-Gro Company (NYSE:
SMG).
Editors Note: See event photo distributed with this
release. Caption information provided below.
The 50,000 square foot facility is located on
the cultivation campus Flowr is constructing in Kelowna,
British Columbia, Canada. The facility will include
laboratories, indoor and greenhouse grow suites, training areas and
genetics breeding areas in a single building. Flowr expects to
develop and test Hawthorne cultivation systems such as lights and
fertilization and irrigation systems in the
facility. Flowr also intends to research
genetics and cultivation data analytic systems in
the facility. Hawthorne is funding the construction
of the facility which is expected to be completed in the
summer of 2019.
The facility is the centerpiece of an exclusive strategic
R&D alliance Flowr and Hawthorne created in March 2018.
Hawthorne selected Flowr for this alliance based on
the technical expertise of Flowr’s design, build and
cultivation team under the direction of Flowr Co-Founder Tom
Flow. Flow is widely recognized for his cannabis thought
leadership and expertise building and operating cannabis
cultivation facilities. He also co-founded MedReleaf which
recently was acquired by Aurora for C$3.2 billion.
The alliance makes Flowr one of only three Canadian cannabis
companies with a business partnership with a publicly traded U.S.
company along with Canopy (TSX: WEED) and Hexo (TSX:
HEXO).
Flowr Chairman and Chief Strategist Steve Klein said, “Flowr’s
partnership with Hawthorne is more than just an acknowledgment of
the talents and track record of Tom Flow and our design,
construction and cultivation teams. We strongly believe
it will also help us sustain our competitive advantage in
cultivation and remain at the forefront of industry
innovation.”
"We chose work with Flowr due to their ability
to grow quality, consistent plants,” said Chris Hagedorn,
Senior Vice President and General Manager
of Hawthorne Gardening Company. "Dedicated to
innovation, this
first-of-its kind research facility will help
to optimize our entire array of products, from lighting to
nutrients and environmental controls, and put us in the
unique position to help our customers, no matter their
size and scale, get the result they seek with even more
precision.”
Flowr’s campus in Kelowna will include an
additional 85,000 square feet of cultivation, processing and office
space that is presently approximately 20% operational and is
expected to be fully complete in early 2019. These
facilities employ proprietary cultivation systems and
are engineered to meet pharmaceutical quality production
standards allowing Flowr to grow premium cannabis
flower. Flowr expects to produce upwards of 12,000 kilograms
of cannabis flower in the facilities beginning in 2019.
Together, the R&D and operations facilities are expected to
create upwards of 200 jobs following their completion.
Among those in attendance for the event were the
Honourable Stephen Fuhr, Member
of Parliament, Kelowna-Lake Country; Mr. Norm
Letnick, Member of
the Legislative Assembly, Kelowna-Lake
Country; Mr. Steve Thomson, Member of
the Legislative Assembly, Kelowna-Mission; Mayor
Colin Basran, City of Kelowna; Steve Klein, Co-Founder,
Chairman & Chief Strategist, Flowr; Vinay Tolia, CEO, Flowr;
Tom Flow, Co-Founder & President, Flowr; Michael Lukemire,
President and COO, The Scotts Miracle-Gro Company;
Chris Hagedorn, Senior Vice President and General Manager,
Hawthorne Gardening; and David Aronowitz, Business
Development and Government Relations Lead, Hawthorne
Gardening.
Photo Caption Information
Executives from The Flowr Corporation, The Scotts
Miracle-Gro Company and Hawthorne Gardening are joined by elected
officials at the ground breaking for the companies’ cannabis
research and development facility in Kelowna, British
Columbia. Left to Right: Mr. Steve Thomson, Member of
the Legislative Assembly, Kelowna-Mission; Tom Flow,
Co-Founder & President, Flowr; David Aronowitz,
Business Development and Government Relations Lead,
Hawthorne Gardening; Vinay Tolia,
CEO, Flowr; James Baker, Mayor of District of
Lake Country; Chris Hagedorn, Senior Vice President and
General Manager, Hawthorne Gardening; Steve Klein, Co-Founder,
Chairman & Chief Strategist, Flowr; Mr.
Norm Letnick, Member of the Legislative Assembly,
Kelowna-Lake Country; the Honourable Stephen
Fuhr, Member of Parliament, Kelowna-Lake
Country; and Michael Lukemire, President and COO,
The Scotts Miracle-Gro Company. Photo Credit:
The Flowr Corporation.
About Flowr
The Flowr Corporation (TSXV: FLWR), 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 is expected to enable its cultivation team 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.
For more information, visit www.flowr.ca Follow Flowr
on Twitter: @FlowrCanada; Facebook: Flowr Canada; Instagram:
@flowrcanada; and LinkedIn: The Flowr Corporation
About Hawthorne
Hawthorne Gardening Company is a house of brands that provides
an array of tools for a multitude of gardening needs to help people
live happier, healthier lives through gardening. The company is
dedicated to creating high-quality products founded in social and
environmental responsibility and creates engaging consumer
experiences that empower more people to garden no matter where or
how they choose to grow. Hawthorne is a subsidiary of The Scotts
Miracle-Gro Company (NYSE: SMG), a world leader in gardening and
lawn care products.
On behalf of The Flowr Corporation: Steve
Klein Chairman & Chief Strategist
Forward-Looking Information
This press release includes forward-looking information within
the meaning of Canadian securities laws regarding Flowr and
its business, which may include, but are not limited
to: the facilities described herein, including, without
limitation, that they are expected to include
laboratories, indoor and greenhouse grow suites, training areas and
genetics breeding areas in a single building, Flowr’s intention
to develop and test Hawthorne cultivation systems such as
lights and fertilization and irrigation systems in the
facility, Flowr’s intention to research genetics and
cultivation data analytic systems in the facility, the timing for
completion of construction of the facilities described herein, the
amount of cannabis and jobs expected to result from
the construction of the facilities and the
timing for creation of such growth and jobs, Flowr
sustaining its competitive advantage in cultivation and remaining
at the forefront of industry innovation as a result of the R&D
facility and partnership described herein, Flowr being well
positioned with a line of premium quality cannabis products for the
upcoming adult-use market, Flowr’s investment in research and
development enabling its cultivation team to supply patients with
consistent, high quality medicinal cannabis and other
factors. 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
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 these 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 Flowr’s inability to construct the facilities described
herein, or in the time anticipated, Flowr’s inability to grow the
amount of cannabis described herein and/or create jobs, which could
adversely impact revenues, the fact that the facilities described
herein may not include all the elements described in this
press release, which could adversely impact the partnership with
Hawthorne, Flowr’s R&D strategy
and/or Flowr’s revenues, the inability of
Flowr to test Hawthorne’s cultivation systems, which could
adversely impact the partnership described herein and future
R&D initiatives of Flowr, Flowr not being able to sustain
its competitive advantage in cultivation and being unable to
remain at the forefront of industry innovation, whether as a result
of failed construction of the facilities described herein or
otherwise, Flowr’s inability to research genetics and
cultivation data analytic systems in the
facility, Flowr not being able to meet demand or
fulfill purchase orders, which could materially impact revenues and
its relationships with purchasers, Flowr requiring additional
financing from time to time in order to continue its operations and
such financing may not be available when needed or on terms and
conditions acceptable to the Company, new laws or regulations
adversely affecting the Company’s business and results of
operations, results of operation activities and development of
projects, project cost overruns or unanticipated costs and
expenses, the inability of Flowr’s products to be high quality, the
inability of Flowr to produce and distribute premium, high quality
products, the inability to supply products or any delay in
such supply, Flowr’s securities, the inability to generate cash
flows, revenues and/or stable margins, the inability to grow
organically, risks associated with the geographic markets in which
Flowr operates and/or distributes its products, risks associated
with fluctuations in exchange rates (including, without limitation,
fluctuations in currencies), risks associated with the use of
Flowr’s products to treat certain conditions, the cannabis industry
and the regulation thereof, the failure to comply with applicable
laws, risks relating to partnership arrangements, possible
failure to realize the anticipated benefits of partnership
arrangements, product launches (including, without limitation,
unsuccessful product launches), the inability to launch products,
the failure to obtain regulatory approvals, economic factors,
market conditions, risks associated with the acquisition and/or
launch of products, the equity and debt markets generally, risks
associated with growth and competition (including, without
limitation, with respect to Flowr’s products), general economic and
stock market conditions, risks and uncertainties detailed from time
to time in Flowr’s filings with the Canadian Securities
Administrators 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, there may be
other factors that cause actions, events or results to differ from
those anticipated, estimated or intended. No forward-looking
information can be guaranteed. Except as required by applicable
securities laws, forward-looking information speaks only as of the
date on which it is made and Flowr undertakes no obligation to
publicly update or revise any forward-looking information, whether
as a result of new information, future events, or
otherwise.
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.
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Flowr_Hawthorne_RandD_Ground_Breaking_Photo_Credit_Deon_Nel_Photography-0346
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 Flowr Investors: Alex Dann
The Flowr Corporation
+1-416-464-4067
adann@flowr.ca
Molly Jennings
Hawthorne
+1-937-578-1352
molly.jennings@scotts.com
Jim King
Hawthorne
+1-937-578-5622
jim.king@scotts.com
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