The Flowr Corporation (“Flowr” or “the Company”) (TSX.V: FLWR), a
Canadian Licensed Producer of premium cannabis products, announced
today that Lance Emanuel has agreed to join the Company as its
President.
Mr. Emanuel has a proven record of successfully building and
scaling companies in highly regulated industries. He brings a
wealth of experience in the management of operations, sales,
technology, legal, compliance and regulatory affairs as well as in
procuring both debt and equity financing and developing large scale
strategic partnerships.
“Lance’s experience building companies from conception into
multi-million-dollar enterprises and managing critical aspects of
business operations will be invaluable as we scale Flowr in Canada
and beyond,” said Tom Flow and Vinay Tolia, Flowr’s Co-CEOs.
“We’re pleased and excited to welcome Lance to Flowr as we continue
to add depth and breadth to our executive team.”
Mr. Emanuel co-founded QuarterSpot, Inc., a high-growth online
lending platform that makes small business credit more affordable
and available through technology, data-science and
market-economics. As President and Chief Operating Officer, Mr.
Emanuel helped build the company into an industry leader by
creating its lending framework, identifying high margin sales
channels and overseeing the profitable issuance of over 8,500 loans
and $670 million in financing in less than six years. He also
led several major business development initiatives for QuarterSpot,
including forming LASO, Inc., the company’s intellectual property
arm, which enabled the company to white label its technology and
data science to financial institutions. At QuarterSpot, Mr.
Emanuel developed of a white label distribution partnership with
one of the three largest credit bureaus in the United
States.
Prior to QuarterSpot, Mr. Emanuel was General Counsel and Chief
Operating Officer at GotCoders, Inc., a software development
consultancy headquartered in New York City with operations in
China.
Mr. Emanuel holds a BBA, with distinction, from the University
of Michigan’s Ross School of Business and received his Juris Doctor
from the Benjamin N. Cardozo School of Law in New York City.
He has been licensed to practice law in New York State
since 2008.
About Flowr
The Flowr Corporation (TSX.V: FLWR), through its subsidiaries,
holds a cannabis production and sales license granted by Health
Canada. With a head office in Markham, ON and a production
facility 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 along with its sense of craftsmanship and a spirit of
innovation is expected to enable it to provide premium-quality
cannabis that appeals to the adult-use recreational market and
addresses specific patient needs in the medicinal 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:
Vinay Tolia
Co-Chief Executive 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: Flowr’s
investment in research and development along with its sense of
craftsmanship and a spirit of innovation enabling it to provide
premium-quality cannabis that appeals to the adult-use recreational
market and addresses specific patient needs in the medicinal
market, statements with respect to Flowr’s management team,
statements with respect to Mr. Emanuel, including, without
limitation, his track record and his value to Flowr, Flowr scaling
in Canada and beyond, the addition of breath and depth to the Flowr
executive 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 Mr. Emanuel not proving to add depth or
breadth to Flowr’s management team, Mr. Emanuel not adding value to
Flowr, Flowr not scaling in Canada or beyond Canada, Flowr not
investing in research and development, Flowr’s sense of
craftmanship and investment in R&D not enabling it to provide
premium-quality cannabis that appeals to the adult-use recreational
market and addresses specific patient needs in the medicinal
market, which could have a material impact of Flowr’s sales and
revenues, 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 Only: Alex Dann, CFO
The Flowr Corporation
+1-416-464-4067
adann@flowr.ca
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