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FLWPF / Flowr Corp Sells Kelowna Research Facility To Hawthorne For $16M, Launches Four New Cannabis Strains

Flowr Corp Sells Kelowna Research Facility To Hawthorne For $16M, Launches Four New Cannabis Strains
Flowr Corporation (TSXV:FLWR) (OTC:FLWPF) has agreed to sell its interest in the Kelowna Research Station R&D facility to Hawthorne Canada Limited for $16 million, to be paid as follows: 1) an initial cash payment of $3.0 million; 2) full extinguishment of the principal amount outstanding under the existing loan agreement between Flowr and Hawthorne for the construction of the KRS Facility on closing, currently at approximately $12 million; and 3) the balance of the purchase price paid in cash upon closing. The KRS sale, subject to certain closing conditions, is expected to close in Q2 2022. Read More
Posted: Feb 18 2022, 08:39
Author Name: Benzinga
Views: 092017

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Flowr Corp Sells Kelowna Research Facility To Hawthorne For $16M, Launches Four New Cannabis Strains

By Benzinga
February 18, 2022

Flowr Corp Sells Kelowna Research Facility To Hawthorne For $16M, Launches Four New Cannabis Strains

Flowr Corporation (TSXV:FLWR) (OTC:FLWPF) has agreed to sell its interest in the Kelowna Research Station R&D facility to Hawthorne Canada Limited more_horizontal

Flowr Corp Sells Kelowna Research Facility To Hawthorne For $16M, Launches Four New Cannabis Strains

By Benzinga
February 18, 2022

Flowr Corp Sells Kelowna Research Facility To Hawthorne For $16M, Launches Four New Cannabis Strains

Flowr Corporation (TSXV:FLWR) (OTC:FLWPF) has agreed to sell its interest in the Kelowna Research Station R&D facility to Hawthorne Canada Limited more_horizontal

Flowr Corp Sells Kelowna Research Facility To Hawthorne For $16M, Launches Four New Cannabis Strains

By Benzinga
February 18, 2022

Flowr Corp Sells Kelowna Research Facility To Hawthorne For $16M, Launches Four New Cannabis Strains

Flowr Corporation (TSXV:FLWR) (OTC:FLWPF) has agreed to sell its interest in the Kelowna Research Station R&D facility to Hawthorne Canada Limited more_horizontal

Flowr Corp sells R&D station to Hawthorne Canada

By Market Watch
February 18, 2022

Flowr Corp sells R&D station to Hawthorne Canada

Flowr Corp. FLWR, FLWPF, -9.80% said Friday it agreed to sell its Kelowna research and development facility to Hawthorne Canada Ltd., the unit of Scot more_horizontal

Flowr Corp sells R&D station to Hawthorne Canada

By Market Watch
February 18, 2022

Flowr Corp sells R&D station to Hawthorne Canada

Flowr Corp. FLWR, FLWPF, -9.80% said Friday it agreed to sell its Kelowna research and development facility to Hawthorne Canada Ltd., the unit of Scot more_horizontal

Flowr Corp sells R&D station to Hawthorne Canada

By Market Watch
February 18, 2022

Flowr Corp sells R&D station to Hawthorne Canada

Flowr Corp. FLWR, FLWPF, -9.80% said Friday it agreed to sell its Kelowna research and development facility to Hawthorne Canada Ltd., the unit of Scot more_horizontal


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