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they sld their best asset for peanuts after decline in sp of akan-----now the new owner will cash in on it---i sld here and bt akan in the 1.20s----flowr still closed in canada-lucky i could sell here!!--------tmonkey
That doesnt read right volume reprots? Holding longterm?
https://www.otcmarkets.com/stock/FLWPF/news/story?e&id=2199510
“As at the date hereof, there is $4,966,000 aggregate principal amount of Debentures outstanding and the aggregate accrued interest on such Debentures is $509,015 (the "Interest Amount"). Subject to approval of the TSX Venture Exchange, the Company intends to pay the Interest Amount on the Interest Payment Date by issuing an aggregate of 8,483,574 Common Shares at an issue price of $0.06 per Common Share, being the volume weighted average price of the Common Shares on the trading day prior to the Interest Payment Date.”
8 million shares for just the interest portion on the debentures, and the stock is rising based on that?
Major dilution pending:
“7:35p ET 12/30/2021 - Globe Newswire
The Flowr Corporation Announces Interest Payment on Debentures
The Flowr Corporation (TSX.V: FLWR; OTC: FLWPF) ("Flowr" or the "Company") announces that it intends to satisfy the interest obligations in respect of its outstanding 10.0% subordinated secured convertible debentures (the "Debentures") to be paid on December 31, 2021 (the "Interest Payment Date") by issuing common shares of Flowr ("Common Shares") to holders of Debentures in accordance with the terms of the indenture between the Company and Computershare Trust Company of Canada dated April 27, 2020, as amended.
As at the date hereof, there is $4,966,000 aggregate principal amount of Debentures outstanding and the aggregate accrued interest on such Debentures is $509,015 (the "Interest Amount"). Subject to approval of the TSX Venture Exchange, the Company intends to pay the Interest Amount on the Interest Payment Date by issuing an aggregate of 8,483,574 Common Shares at an issue price of $0.06 per Common Share, being the volume weighted average price of the Common Shares on the trading day prior to the Interest Payment Date.
”
Share price will get crushed
https://flowrcorp.com
Quarterly documents can soon be filed at the SEC showing the quarterly report etc
Flowr has began to take the industry by storm, while these other cannabis companies struggle, Flowr is flourishing at the right time, changing the game soon. 1,3,6 month charts consolidated, ready.
Long term cup and handle back to 5.00 a share now.
Investors taking positions today as the Flowr blooms, all charts consolidated, company has achieved major cash flow while the cannabis industry waits, experienced management and international sales, U.S. states legalizing January 1, 2022… the most beautiful flowers are the ones that take a long while to bloom, and it has been a wait, but the chart says it will be worth it.
Big time reversal higher opportunity tomorrow (Wednesday) at close into open Thursday
Share Structure
Market Cap Market Cap
18,893,156
12/13/2021
Authorized Shares
Not Available
Outstanding Shares
410,720,784
11/29/2021
Restricted
Not Available
Unrestricted
Not Available
Held at DTC
Not Available
Float
Not Available
Par Value
Not Available
“ 7:00a ET 11/29/2021 - Globe Newswire
The Flowr Corporation Announces Third Quarter 2021 Results and Provides Operational Update
The Flowr Corporation (TSX.V: FLWR; OTC: FLWPF) ("Flowr" or the "Company") herein announces its financial and operational results for the three and nine months ended September 30, 2021. All financial information in this news release is reported in Canadian dollars and represents results from continuing operations, unless otherwise indicated.
Darryl Brooker, Chief Executive Officer of Flowr commented:
"The third quarter of 2021 continues our focus on the development of new genetics, the growth of premium and ultra-premium dried flower cannabis in Canada, continued improvement of operational efficiencies and production at our indoor E.U. GMP Sintra facility in Portugal ("Sintra Facility").
In July 2021, Flowr entered into an agreement with Green Hedge Education & Distribution Services Ltd. ("Green Hedge") to act as our external sales agent in Ontario, Alberta, British Columbia, and Saskatchewan, significantly increasing our sales coverage in each province. Our points of distribution continue to expand in each province and the recent release of our newest strain, Strawnana, continues to gain consumer attention.
As we continue to focus on new and exotic genetics, Flowr expects to launch three new strains in Q1 2022, which have already been approved for listing, doubling our current offering and continuing to support our strategy of premium and ultra-premium dried flower.
In Portugal, Holigen Holdings Limited ("Holigen") has completed the Sintra Facility and is currently growing new genetics shipped from the Flowr K1 Facility at the Sintra Facility. In addition, we expect to receive further genetics under the previously announced Cookies partnership by end of December 2021, further improving the capability and our confidence in growing Holigen's presence in the E.U. market.
As a result of our continuing efforts on cost reduction and divestment of non-core assets, SG&A expenses have decreased for three consecutive quarters, representing a 21% decrease from the same level in Q4 2020. The land sale agreement that was previously announced is scheduled to close in early December 2021 with the Company to receive $5.3 million in cash, and a further $1.0 million cash receivable within six months upon satisfaction of certain conditions.
During the third quarter we continued to strengthen our balance sheet with an early repayment of $7.5 million towards our syndicated credit facility led by ATB Financial ("Credit Facility"). In December we intend to make a further paydown of $3.0 million from the land sale proceeds towards the Credit Facility, bringing the principal amount outstanding to below $6 million by the end of the year.
As we look ahead to the fourth quarter of 2021 and beyond, we are excited about the opportunities to continue growth in Canada and the E.U. Our focus will remain on executing our strategy to increase sales through new genetics and innovative product offerings, improving operational efficiency to ensure a consistent supply of high-grade premium products and maximizing the potential of Holigen."
Third Quarter and Year-to-Date ("YTD") 2021 Highlights
Operational Update
Selected Financial and Operational Results
In thousands of CAD dollars, Three months ended Nine months ended(except loss per share and grams harvested) September 30, September 30, 2021 2020 2021 2020Grams harvested - K1 1,087,657 1,305,311 3,008,380 3,140,979Grams sold 2,338,769 552,409 5,250,711 1,094,187Gross revenue 3,564 3,403 10,585 7,375Net revenue 2,541 2,823 8,547 5,913Cost of sales 7,276 3,935 16,802 8,564Impairment of inventory 1 1,548 879 2,675Gross loss before fair value adjustments (4,736 ) (2,660 ) (9,134 ) (5,326 )Selling and marketing and G&A 3,632 3,563 12,427 14,000Share-based compensation 418 1,022 (714 ) 2,624Restructuring costs -- -- -- 726Loss from disposal of subsidiary 91 -- 1,150 --Net loss (9,189 ) (10,174 ) (25,375 ) (28,105 )Basic and diluted loss per share (0.02 ) (0.07 ) (0.07 ) (0.20 )
(1) Gross revenue net of excise tax, provision for returns and concessions
For a full discussion of Flowr's operational and financial results, please refer to the Company's Management's Discussion & Analysis and Interim Condensed Consolidated Financial Statements for the three and nine months ended September 30, 2021, which have been filed on SEDAR at www.sedar.com.
About The Flowr Corporation
The Flowr Corporation is a Canadian cannabis company with operations in Canada and the European Union. Its Canadian operating campus, located in Kelowna, BC, includes a purpose-built, GMP-designed indoor cultivation facility, an outdoor cultivation site, and a state-of-the-art R&D facility. From this campus, Flowr produces recreational and medicinal products. Internationally, Flowr services the global medical cannabis market through its subsidiary, Holigen Holdings Limited, which has a license for cannabis cultivation in Portugal and operates a GMP licensed facility in Portugal. In 2020, Flowr's BC Pink Kush was recognized as the top indica strain in Canada by KIND magazine.
Flowr aims to support improving outcomes through responsible cannabis use and, as an established expert in cannabis cultivation, strives to be the brand of choice for consumers and patients seeking the highest-quality craftsmanship and product consistency across a portfolio of differentiated cannabis products.
For more information, please visit flowrcorp.com or follow Flowr on Twitter: @FlowrCanada and LinkedIn: The Flowr Corporation.
On behalf of The Flowr Corporation:
Darryl Brooker
Chief Executive Officer
”
December is here. Time to go higher now.
December might be the time to get back into weed stocks for 2022, chart indicates December 5th opportunity
Chart opportunity tomorrow for major increase, perfect day for company news all imo
Could be the bottom here, outgoing director had good things to say about company, sales in Portugal and legalization 2022 getting closer every day, one of the companies to keep an eye on at sub $1 prices all imo
Share selling not done? Can this stock please be done consolidating ?
If the share selling is in fact completed which in theory it appears to be as indicated by the company, then the SP would likely finally achieve the long awaited reversal and SMA crosses shareholders have been waiting for imo, maybe the company was waiting for closer to 2022 to begin that trek higher to coincide with the timeframe when US laws would change and be more likely to change
Share Structure
Market Cap Market Cap
71,335,019
07/01/2021
Authorized Shares
Not Available
Outstanding Shares
371,923,980
06/30/2021
Restricted
Not Available
Unrestricted
Not Available
Held at DTC
Not Available
Float
Not Available
Par Value
No Par Value
Flowr done selling shares and news about Q3 shipment from 6/9/21
“ 2:54p ET 6/9/2021 - Benzinga
IM Cannabis, FLOWR Sign Multi-Year Deal To Import Medical Marijuana From Canada To Israel
Mentioned: FLWPF IMCC
Israel-based multi-country operator IM Cannabis (CSE: IMCC) (NASDAQ: IMCC) announced it signed a three-year deal with Canadian licensed producer The FLOWR Corporation (OTC: FLWPF), under which the latter will provide its ultra-premium cannabis strains to IM Cannabis for distribution and sale in Israel under the IMC brand.
Oren Shuster, CEO of IM Cannabis said in a statement to Benzinga that, 'As the Israeli medical cannabis market continues to expand, demand from patients for premium high-THC products increases. The agreement with FLOWR is another cornerstone in IM Cannabis' growth strategy to enhance its product portfolio in the local market with a new category of indoor ultra-premium offerings.
'With the local market expected to boom thanks to the impending legalization supported by the upcoming new government, we will continue to collaborate and partner with leading global cultivators to ensure patients who trust our brand and rely on our products, have access to the highest quality medical cannabis available,' Shuster added.
According to IM Cannabis, the first shipment of the FLOWR strains is expected to be available to Israeli patients during the second half of 2021 and distributed through licensed pharmacies, including IM Cannabis' online pharmacy and distribution network it acquired recently from Panaxia
Encuentra nuestro contenido en Español en El Planteo:
Básicos del Cannabis: ¿Qué Es el THC?
Cepas de Marihuana: Sour Diesel
Cómo Hacer una Desintoxicación de THC
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.”
Flowr Corp's Black Cherry strain takes 1st place with exceptional praise.
More volume so maybe this is the long term reversal north
Nice got in lower than expected. :)
The Flowr Corporation Completes Acquisition of 100% of Terrace Global Inc.
8:23 AM ET 12/29/20 | GlobeNewswire
The Flowr Corporation Completes Acquisition of 100% of Terrace Global Inc.
TORONTO, Dec. 29, 2020 (GLOBE NEWSWIRE) -- The Flowr Corporation (TSX.V: FLWR; OTC: FLWPF) ("Flowr" or the "Company") is pleased to announce that it acquired all of the issued and outstanding Common Shares of Terrace Global Inc. ("Terrace") pursuant to a plan of arrangement (the "Arrangement") pursuant to which shareholders of Terrace received 0.4973 of a common share in the capital of Flowr in exchange for each Terrace Share held. Pursuant to the Arrangement, Flowr acquired ownership of 290,687,569 Common Shares, representing 100% of the issued and outstanding Common Shares of Terrace.
Immediately before the completion of the Arrangement, Flowr did not own or control any Common Shares. Immediately after the completion of the Arrangement, Flowr owned 290,687,569 Common Shares, representing 100% of the issued and outstanding Common Shares.
The Common Shares are expected to be delisted from the TSX Venture Exchange and Terrace will submit an application to cease to be a reporting issuer in Canada.
On October 19, 2020, Flowr and Terrace entered into an arrangement agreement (the "Arrangement Agreement') pursuant to which such parties agreed to effect the Arrangement and related matters. For a detailed summary of the Arrangement Agreement, please refer to the management information circular of Terrace dated November 13, 2020 (the "Circular"). Copies of the Arrangement Agreement and Circular of Terrace are filed on SEDAR (www.sedar.com) under Terrace's issuer profile.
The head office of Terrace is 365 Bay Street, Suite 800, Toronto, Ontario M5H 2V1. The head office of Flowr is located at 60 Adelaide Street East, Suite 1000, Toronto, Ontario, M5C 3E4
For further information please refer to the Early Warning Report to be posted on Terrace's SEDAR profile at www.sedar.com or which may be obtained by contacting Thierry Elmaleh, Head of Capital Markets of Flowr, at (877) 356-9726 ext. 1528.
Great article from Jan 8,2020
Flowr Corp: Up 731%
Revenue growth should also pick up notably for British Columbia-focused specialty grower Flowr (OTC:FLWPF), with sales advancing from a little less than $10 million in 2019 to roughly $80 million this year. This increase has a lot to do with Flowr's Kelowna campus ramping up production, and Flowr also holding back some of its dried flower production to focus on high-margin derivatives.
What'll be particularly interesting to watch with Flowr is that it's predominantly growing premium and ultra-premium quality weed. Upper echelon-quality cannabis shouldn't face the same pricing pressures as average and discount-quality marijuana, which I anticipate will lead to rapid sales and margin expansion.
Who else is long here and what are your thoughts about this company? Seems like it has nice upside with potential in the Portugal market.
Good luck mate. Whenever I do that invariably it runs like a race horse
Checking this one out. I stumbled across it while researching but, while I am not at all proficient at picking ones I should get into, this one caught my eye. Obviously, I am keeping an eye on this one.
I wonder what they are waiting for regarding NASDAQ move and stock symbol change to FLWR?
Should be by June 23.
Usually within 30 days.
This should move nice on the Nasdaq , very low volume
One of?? You mean the NASDAQ!
wook
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The Flowr Corporation (TSX.V: FLWR; OTC: FLWPF) ("Flowr" or the "Company") announces that it intends to satisfy the interest obligations in respect of its outstanding 10.0% subordinated secured convertible debentures (the "Debentures") to be paid on December 31, 2021 (the "Interest Payment Date") by issuing common shares of Flowr ("Common Shares") to holders of Debentures in accordance with the terms of the indenture between the Company and Computershare Trust Company of Canada dated April 27, 2020, as amended.
As at the date hereof, there is $4,966,000 aggregate principal amount of Debentures outstanding and the aggregate accrued interest on such Debentures is $509,015 (the "Interest Amount"). Subject to approval of the TSX Venture Exchange, the Company intends to pay the Interest Amount on the Interest Payment Date by issuing an aggregate of 8,483,574 Common Shares at an issue price of $0.06 per Common Share, being the volume weighted average price of the Common Shares on the trading day prior to the Interest Payment Date"
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