NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR UNITED STATES DISTRIBUTION
TORONTO, Sep 25, 2021 (GLOBE NEWSWIRE) – Under the Market Equity Program (“ATM program“) by The Flowr Corporation (TSX.V: FLWR; OTC: FLWPF) (“Flower“or the”Society“), and as required under National Instrument 44-102 – Shelf distributions and the policies of the TSX Venture Exchange (“TSXV“), the Company announces that, from the start of the ATM program on June 1, 2021 until its first quarter ended June 30, 2021, it has issued a total of 238,500 common shares of the Company (the”ATM actions) On the TSX Venture Exchange, for total gross proceeds to the Company of $ 62,212.45. The ATM Shares were sold at the prevailing market prices, for an average price per ATM Share of $ 0.27. In accordance with the equity distribution agreement associated with the ATM program (the “”AED), A cash commission of $ 1,866.37 on the total gross proceeds raised was paid to the agent in connection with his services under the EDA until June 30, 2021.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the common shares of the Company, and there will be no sale of the common shares of the Company in any province, state or jurisdiction. jurisdiction in which such offering, solicitation or sale would be illegal prior to registration or qualification under the securities laws of such province, state or jurisdiction.
The Flowr Corporation is a Canadian cannabis company with operations in Canada and the European Union. Its Canadian operating campus, located in Kelowna, British Columbia, includes a specially designed and GMP-designed indoor grow facility, an outdoor and greenhouse grow site, as well as an R&D facility at the end. cutting edge technology. From this campus, Flowr produces recreational and medicinal products. Internationally, Flowr serves the global medical cannabis market through its subsidiary, Holigen Holdings Limited, which holds a license for the cultivation of cannabis in Portugal and operates a GMP licensed facility in Portugal. In 2020, Flowr’s BC Pink Kush was recognized as the best indica strain in Canada by KIND magazine.
Flowr aims to support improved outcomes through responsible cannabis use and, as an established expert in cannabis cultivation, strives to be the brand of choice for consumers and patients looking for ” the highest quality know-how and product consistency in 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 Flow Corporation:
Chief Executive Officer
INVESTORS & MEDIA:
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 release.