FLOWR APPOINTS TOM FLOW CO-CEO
November 09 2018 - 03:22PM
The Flowr Corporation (“Flowr” or “the
Company”) (TSXV: FLWR), a Canadian Licensed Producer of
premium cannabis products, announced today that its co-Founder and
president, Tom Flow, has been appointed co-CEO of the Company with
Vinay Tolia, the company’s CEO since September 2018.
Co-founder, Chairman and Chief Strategy Officer Steve Klein
commented: “We have an aggressive agenda ahead of us to build a
company that excels at cultivating premium cannabis and is
positioned to tap into a wide range of exciting markets. Tom
and Vinay’s skills are complementary and they have a
great working relationship, which we believe will help ensure we
capitalize on the opportunities ahead quickly and
seamlessly.”
The Company also announced today that David Ralston, COO, has
resigned to pursue other opportunities effective Friday, November
9.
“We are grateful to David for his many contributions to
building Flowr and preparing the Company for medical
sales and adult-use legalization” said Mr. Tolia. “We wish him
success in his future endeavors.”
About Flowr
The Flowr Corporation (TSXV: FLWR), through its
subsidiaries, is a 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 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.
On behalf of
The Flowr Corporation:Steve Klein Chairman
& Chief Strategy
Officer 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 aggressive agenda ahead for the Company,
the Company exceling at cultivating premium cannabis and being
positioned to tap into a wide range of exciting markets, Mr. Flow
and Mr. Tolia having a complimentary skillset and great
working relationship that will ensure that the Company will
capitalize on future opportunities quickly and
seamlessly, Flowr being well positioned with a line
of premium quality cannabis products for the adult-use
market, Flowr’s investment in research and development
enabling its cultivation team to supply patients with consistent,
high quality medicinal cannabis, statements with respect
to Flowr’s management team 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 excel at
cultivating premium cannabis, Flowr not meeting its
agenda on time or at all, the Company not being positioned to tap
into a wide range of exciting markets, Mr. Flow and
Mr. Tolia not being able to work together or at all in
capitalizing on future opportunities quickly or
seamlessly, Flowr’s inability to construct its
facilities, or in the time anticipated, 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, 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.
- 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
+1-905-940-3993 x1503
adann@flowr.ca
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