Time for a review of where FLWR is after the news that the Holigen acquisition has been completed.
First I repeat what I posted weeks ago “. The disaster that is TRST has definitely tainted, unfairly, most canabiss companies. Flower had to back off of a PP because of Market weakness. However, they hope to complete a bought deal by August 8’
The announced acquisition and licensing of the Portugal assets opens up the European and Asian Markets for Flower to create greater revenue streams”
Management had the foresight to pursue the PP, admittedly at a lower price than anticipated, but adequate to complete the funding needed.
IMO the further drop in share price is a golden opportunity
Three significant contributions to the future success of FLWR
1-The combination of our extensive cannabis cultivation know-how and Holigen’s extensive pharmaceutical experience has the potential to create tremendous value. With an expected annual capacity of 500,000 kilograms, the Aljustrel cultivation asset in Portugal should allow FLWR to be a significant producer in the global medical cannabis and active pharmaceutical ingredient (API) markets, initially in Europe and Australia-Asia,” said Vinay Tolia, Flowr’s Chief Executive.
2-Once the Kelowna plant is completed hopefully, before year end, the production of cannabis will enable FLWR provide their products to the Shoppers Drug store chain which comprises more than 1,300 stores in Canada,This illustrates the very significant growth in revenue, which is possible after the rollout. Surely, the fact that Loblaws has chosen FLWR should bring confidence to investors’
3- The addition of Mr.D. Aronowitz to the Board and his connection to Scotts Miracle Grow
Time will tell if I am Right
