Flowr announces the closing of Kelowna Research Station sale
July 27, 2022 By Haley Nagasaki
(Globe Newswire) Toronto — The Flowr Corporation is a Canadian cannabis company with its operating campus located in Kelowna, B.C.
Today they announce the closing of the previously announced sale of the Kelowna Research Station R&D Facility, to Hawthorne Canada Limited, for $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.
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 quality craftsmanship and product consistency across a portfolio of differentiated cannabis products.
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