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The Flowr Corporation highlights: Q4 and full year 2021 statistics

The Flowr Corporation, headquartered in Toronto, Ont., recently announced its 2021 financial results, which included reporting gross revenue of approximately $14.9 million, $4.3 million of which occurred during Q4.

The company moved approximately 6.6 million grams of dried cannabis flower in 2021, a volume increase of 372 per cent compared to the previous year, and expanded jar sizes to 7 and 14 grams from its signature 3.5 grams.

Highlights from 2021 include: shipping (in December) $825,000 of medical cannabis to Israel from its Kelowna campus, thereby opening a new revenue channel; and introducing new, high-THC genetic strains, such as BC Clementine Crush, BC Lemon Ice, BC Spiced Grape, and BC Mango Melon OG.

“2021 was a pivotal year for Flowr as we renewed our focus on maintaining our status as a premium cannabis producer and making the necessary changes to our business operations to reach profitability,” states Tom Flow, Interim Chief Executive Officer of Flowr, in a written statement. “In Q4 2021, we achieved new records in gross and net revenue at $4.4 million and $3.9 million, respectively, contributed by our previously announced strategy of introducing exciting new genetics and formats, enhancing our retail penetration, and solidifying our world class operations out of the K1 facility.”