TORONTO, April 27, 2020 (GLOBE NEWSWIRE) — The Flowr Corporation (TSX.V: FLWR; OTC: FLWPF) (“Flowr” or the “Company”) announced today that it has closed its previously announced non-brokered private placement of 20,041 Units (as defined below) for gross proceeds of CAD$20,041,000 (the “Offering”). The Company expects to use the proceeds of the Offering for general working capital purposes. The Company has the discretion to increase the Offering for an additional approximate CAD$5,000,000, bringing aggregate gross proceeds to CAD$25,000,000. In the event the Company closes on additional subscriptions, it will issue a news release announcing such additional subscriptions.
To read the full press release from The Flowr Corporation, click here.
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