The Flowr Corporation highlights: Q4 and full year 2021 statistics
May 31, 2022 By Haley Nagasaki
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.”
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