Flowr CEO
Vinay Tolia also Discussed the
Partnership and Flowr Business Model on BNN
Bloomberg on November
9
The Flowr Corporation (“Flowr” or “the
Company”) (TSXV: FLWR), a Canadian Licensed Producer of
premium cannabis products, announced today that its Co-founder,
Chairman and Chief Strategy Officer, Steve Klein, will share the
main stage at MJBizCon, the largest cannabis conference in the
world, with Chris Hagedorn, General Manager of Hawthorne Gardening
Company, to discuss the companies’ exclusive R&D
alliance. The session is:
The Big Play: Teaming
Up With a Mainstream
Company Wednesday, November
14, 2018 11:15 am - 12:00
pm Las Vegas
Convention Center ROOM: C2
(Main Stage)
“The Big Play: Teaming up With a Mainstream Company” will center
around Klein and Hagedorn discussing the strategic R&D alliance
between Flowr and Hawthorne's subsidiary, Hawthorne Canada
Ltd., that will create the first research and development
facility in North America dedicated to advancing cannabis
cultivation techniques and systems. Groundbreaking for
the Kelowna, British Columbia facility took place in October 2018
and construction is expected to be completed in Summer
2019. Hawthorne is a subsidiary of The Scotts Miracle-Gro
Company (NYSE: SMG).
The discussion may be of special interest
to MJBizCon attendees given its focus on one of only
three partnerships between a Canadian Licensed Producer and a
publicly traded U.S. company.
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 R&D facility described herein, including,
without limitation, the dedication of such facilities to
advancing cultivation techniques and systems, the facility
being the first of its kind in North America, 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 facility described herein, Flowr’s
expertise in design, build and cultivation, 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 facility described
herein, or in the time anticipated, the relationship with
Hawthorne being terminated, Flowr’s inability to grow the
amount of cannabis described herein, which could adversely impact
revenues, the fact that the facility 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 facility 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 losing
its technical expertise in design, build and/or cultivation, or
competitors being able to obtain those skills or more advanced
skills, competitors or others constructing similar facilities or
more advanced facilities at any time, including prior to the
completion of construction of the R&D facility described
herein, the actual costs for construction of the
facility described herein exceeding the budget for such
construction, which may require Flowr to absorb such
costs, Flowr incurring penalties as a result of not completing
stages of construction of the facility on the timelines provided
for in the construction agreement, 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.
- 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: Flowr CFO Alex Dann
The Flowr Corporation
+1-905-940-3993 x1503
adann@flowr.ca
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