The Flowr secures Series A financing

The Flowr Corporation, a cannabis grower, has completed an initial round of financing, raising $[mepr-active rule=”374″ ifallowed=”hide”]##Subscribe today to see our research on this and all other subscriber ONLY items##[/mepr-active][mepr-active rule=”374″]14,185,000 in Series A preferred share offering from 62 Ontario, BC, Quebec and USA investors, with bulk of the money ($11.265 million) from 31 US investors. Flowr was incorporated in October 2017. [/mepr-active]

DLA Piper (Canada) LLP acts as legal counsel to Flowr.

Markham, Ontario based Flowr plans to open production facilities in Kelowna, BC. Its wholly own subsidiary, Cannatech Plant Systems Inc. was granted a Producer’s License for medical cannabis under Health Canada’s Access to Cannabis for Medical Purposes Regulations (ACMPR) in December 2017.

Flowr is led by CEO & Director Anthony Giorgi and President & Director Thomas Flow. Flow was part of founding team of MedReleaf Corp. (TSX: LEAF). Its board of directors also includes David Towill (BC), Lyle Oberg (BC), Maduri Theodore (ON).

photo credit: Wolk9 via pixabay