The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Identifies Acquisition of Stake in Holigen as ‘Transformative Transaction’

Vinay Tolia, co-CEO of Flowr, sees the move as giving the company exposure to European and Australian markets The company believes that the combination of its cultivation expertise with Holigen’s development of large-scale cannabis facilities could result in one of the lowest-cost producers worldwide Clarus Securities has initiated coverage on FLWR stock with a ‘speculative buy’ rating and a one-year price target of $5; its research report projects adjusted EBITDA of C$6.8 million in FY2019

The Flowr Corporation’s (TSX.V: FLWR) (OTC: FLWPF) acquisition of 19.8 percent of Holigen Limited for a cash payment of C$6 million and the signing of an intellectual property sharing agreement is expected to have far-reaching benefits for the company. Flowr says that it will result in an acceleration of Holigen’s projects, including an outdoor cultivation license on a seven million square foot site in Portugal with the potential to produce 500,000 kg of cannabis products annually (http://nnw.fm/iv7Wk).

Flowr, through its subsidiaries, is a vertically integrated Canadian cannabis company and licensed producer that focuses on non-irradiated premium flower production. Its headquarters are in…

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