The Flowr Corp. Completes The Sale Of KRS Research Facility For $15.9M

The Flowr Corp. Completes The Sale Of KRS Research Facility For $15.9M

The Flowr Corporation FLWPF (TSX.V:FLWR) closed the sale of the Kelowna Research Station R&D Facility to Hawthorne Canada Limited for an aggregate purchase price of $15.9 million. The company is using the proceeds from the sale of this non-core asset to reduce the outstanding principal debt under its ATB led credit facility to $1 million.

About The Flowr Corporation

The Flowr Corporation is a Canadian cannabis company with its operating campus, located in Kelowna, British Columbia. Flowr aims to support improving outcomes through responsible cannabis use and, as an established expert in cannabis cultivation, strives to be the brand of choice for consumers and patients seeking the quality craftsmanship and product consistency across a portfolio of differentiated cannabis products.

Photo by CRYSTALWEED cannabis on Unsplash

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Posted In: Hawthorne Canada LimitedCannabisNewsMarkets

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