The Flowr Corporation - ATM Program Quarterly Update
24 Septiembre 2021 - 11:55PM
Pursuant to the at-the-market equity program (“
ATM
Program”) of The Flowr Corporation (TSX.V: FLWR; OTC:
FLWPF) (“
Flowr” or the
“
Company”), and as required pursuant to National
Instrument 44-102 – Shelf Distributions and the policies of the TSX
Venture Exchange (“
TSXV”), the Company announces
that, since the commencement of the ATM Program on June 1, 2021 to
its first quarter ended June 30, 2021, it has issued an aggregate
of 238,500 common shares of the Company (the “
ATM
Shares”) over the TSXV, for aggregate gross proceeds to
the Company of $62,212.45. The ATM Shares were sold at prevailing
market prices, for an average price per ATM Share of $0.27.
Pursuant to the equity distribution agreement associated with the
ATM Program (the “
EDA”), a cash commission of
$1,866.37 on the aggregate gross proceeds raised was paid to the
agent in connection with its services under the EDA to June 30,
2021.
This news release does not constitute an offer
to sell or the solicitation of an offer to buy the common shares of
the Company, nor shall there be any sale of the common shares of
the Company in any province, state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such province,
state or jurisdiction.
About Flowr
The Flowr Corporation is a Canadian cannabis
company with operations in Canada and the European Union. Its
Canadian operating campus, located in Kelowna, BC, includes a
purpose-built, GMP-designed indoor cultivation facility, an outdoor
and greenhouse cultivation site, and a state-of-the-art R&D
facility. From this campus, Flowr produces recreational and
medicinal products. Internationally, Flowr services the global
medical cannabis market through its subsidiary, Holigen Holdings
Limited, which has a license for cannabis cultivation in Portugal
and operates a GMP licensed facility in Portugal. In 2020, Flowr’s
BC Pink Kush was recognized as the top indica strain in Canada by
KIND magazine.
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 highest-quality craftsmanship and product
consistency across a portfolio of differentiated cannabis
products.
For more information, please visit flowrcorp.com
or follow Flowr on Twitter: @FlowrCanada and LinkedIn: The Flowr
Corporation.On behalf of The Flowr Corporation:
Darryl BrookerChief Executive Officer
CONTACT INFORMATION:
INVESTORS & MEDIA:John ChouChief Financial
OfficerJohn.chou@flowr.ca
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
The Flowr (TSXV:FLWR)
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