The Flowr Corporation (TSX.V: FLWR), a vertically integrated Canadian cannabis company, anticipates that construction of its state-of-the-art indoor growing facilities will be completed in early 2019. Completion of the facilities, which will initially total 85,000 square feet, could give the company an advantage over its competition. An article further discussing the company reads, “In the cannabis sector, Flowr could become one of the most sought-after companies by investors, according to a recent report by Clarus Securities analyst Noel Atkinson. Atkinson rated the stock a “Speculative Buy,” as he believes Flowr has a unique advantage in that it will be able to successfully scale indoor cultivation of cannabis (http://nnw.fm/7Covy). The company fills one of the most lucrative product gaps in the cannabis sector in Canada, which is the production of premium flower with enough capacity to cater to a national customer base, the report says. Atkinson expects this strong market position to enable Flowr to increase its earnings before interest, tax, depreciation, and amortization (EBITDA) to $6.8 million in fiscal year 2019, supporting a projected 37 percent increase in Flowr’s stock price.”
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About The Flowr Corporation
Flowr, through its subsidiaries, is a vertically-integrated Canadian cannabis company focused on the natural science of cannabis. With head offices in Markham, ON and production in Kelowna, B.C., Flowr builds and operates large-scale, GMP designed cultivation facilities utilizing their own patented growing systems. Flowr’s investment in research and development ensures that its cultivation team is able to supply patients with consistent, high-quality medicinal cannabis. With a sense of craftsmanship and a spirit of innovation, Flowr is also well positioned with a line of premium quality cannabis products for the upcoming adult-use market. For more information, follow Flowr on Twitter: @FlowrCanada; Facebook: Flowr Canada; and Instagram: @flowrcanada or visit the company’s website at www.Flowr.ca
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