- Kelowna 1 facility on track to complete total of 20 grow rooms by end of Q3 2019
- Canada-wide shortage of premium adult-use cannabis products underscores need for immediate expansion
- Multiyear deal to supply medical cannabis for Shoppers Drug Mart will provide Canadian patients with highest quality medicinal cannabis
- Worldwide consumer cannabis spending expected to accelerate to nearly $17 billion at a CAGR of 38 percent in 2019, reaching $31.3 billion in 2022
Canadian cannabis product manufacturer The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) is riding a bright green wave as the cannabis industry continues to make history in Canada and throughout the world. The cannabis industry had much to cheer about in 2018, as Canada became the first industrialized country in the world to greenlight recreational cannabis for adult use and the United States legalized hemp and hemp-based cannabidiol products by signing the Farm Bill into law. Global sales of cannabis are expected to grow 38 percent in 2019 to nearly $17 billion, with sales projected to surpass $31 billion by 2022, according to Arcview Market Research (http://nnw.fm/i4QVv).
The Flowr Corporation joined in that global celebration with its own good news after receiving approval from Health Canada to open additional grow rooms at the company’s Kelowna 1 cultivation facility. The additions will raise the total number of premium cannabis flower rooms to…
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