The Flowr Corporation Announces Close of Sale of Flowr Forest for $3.4M Completing Ph

[admin]

TORONTO, Aug. 15, 2022 (GLOBE NEWSWIRE) -- The Flowr Corporation (TSX.V: FLWR; OTC: FLWPF) (“Flowr” or the “Company”) announces the closing of the previously announced sale of the Flowr Forest property to an arm’s length third party for aggregate proceeds of $3.4 million. The Company used a portion of the proceeds from the sale of this non-core asset to repay the outstanding balance of its ATB-led credit facility in full. The Company, now bank debt free, intends to the use the remaining proceeds