The Flowr Corporation completes a C$43.5 million equity financing

The Flowr Corporation (the “Company” or “Flowr”) closed a short form prospectus offering of units of the Company (the “Company”). A total of 10,610,000 Units, consisting of one common share and one half of one common share purchase warrant, were issued at a price of C$4.10 per Unit, for aggregate gross proceeds of $43.5 million. . The Units were sold pursuant to an underwriting agreement with a syndicate of underwriters led by GMP Securities L.P., and included BMO Capital Markets, AltaCorp Capital Inc., Clarus Securities Inc., and Sprott Capital Partners L.P. The net proceeds of the offering will be used to fund, in part, Flowr’s acquisition of the approximately 80% equity interest of Holigen Holdings Limited that it does not already own, working capital required for the construction and development of certain of Holigen’s and the Company’s cultivation and production facilities, and for general corporate purposes. Fasken advised Flowr with a team comprised of John Sabetti, Florind Polo and Zach Austin (Securities), Ingrid VanderElst (Regulatory) and Mitchell Thaw (Tax).