Flowr Corp OTCMKTS: FLWPF is Moving on a Big Momentum

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Flowr Corp OTCMKTS: FLWPF through its subsidiaries, holds a cannabis production and sales license granted by Health Canada. With a head office in Toronto and a production facility in Kelowna, BC, Flowr builds and operates large-scale, GMP-designed cultivation facilities utilizing its own growing systems. Flowr’s investment in research and development along with its sense of craftsmanship and a spirit of innovation is expected to enable it to provide premium-quality cannabis that appeals to the adult-use recreational market and addresses specific patient needs in the medicinal market.

On March 3rd, 2019 Flowr Corp announced the promotion of Jason Broome to the role of Chief Research and Innovation Officer (CRIO). Mr. Broome previously served as Senior Vice President of Operations.

As CRIO, Mr. Broome will develop new high-quality products and lead Flowr’s research into cultivars, form factors and delivery systems for the global markets. He will also oversee Flowr’s state-of-the-art R&D facility, part of an exclusive partnership with Hawthorne Canada, a subsidiary of The Scott’s Miracle-Gro Corporation (NYSE: SMG).

“Flowr’s product innovation portfolio must meet the world-class standards of our cultivation,” said Tom Flow, Flowr’s Co-CEO. “It’s an unusually demanding ask, but Jason’s expertise across all aspects of product development, from molecule to market, is unique and yet totally in keeping with Flowr’s high-performance, high-creativity culture.”

Over a 15-year career in the pharmaceutical industry, Mr. Broome led the commercialization of major pharmaceutical brands and built, operated and sold several healthcare-related companies, bringing disruptive technologies and systems to market. Within the cannabis sector, he was co-founder of the first company licensed to cultivate and extract hemp in the state of Kentucky and COO of a Colorado manufacturer of CBD oil. He holds a master’s degree in Molecular Genetics from the University of Ottawa.

Mr. Broome’s appointment is a natural and dynamic step forward for Flowr, working closely with Dr. Lyle Oberg, Chief Policy and Medical Officer, and in line with the recent hiring of Dr. Deron Caplan, North America’s first cannabis cultivation Ph.D., and Chef Ryan Reed, both to the Company’s R&D department.

The company made a big move on March 18th, 2019 when it announced its FlowrRx products are now available for purchase through Shoppers Drug Mart’s online medical cannabis site, shoppersdrugmart.ca/cannabis.

On January 9, 2019, the two companies confirmed a sales agreement. This new relationship represents a major milestone in the de-stigmatization of medical cannabis’ place in mainstream medicine, and in simplifying cannabis delivery in Canada. Medical Cannabis by Shoppers Drug Mart is currently available only to patients in Ontario.

“We’re pleased to provide patients with the high quality and consistent products they seek, now with access to the world class patient care team that Shoppers Drug Mart has assembled,” said Vinay Tolia, Flowr’s Co-CEO. “Flowr’s premium medical cannabis is grown in what we believe is the industry’s most advanced GMP designed cultivation facility. This relationship is testament to our commitment to ultra-high-quality cannabis cultivation and further solidifies Flowr’s role in Canada’s medical cannabis landscape.”

Flowr announced in January that it had entered into an agreement to supply medical cannabis to Shoppers Drug Mart, creating the opportunity to significantly increase sales of Flowr’s medical cannabis products in Canada. Under the agreement, Shoppers Drug Mart will be the exclusive direct-to-patient online provider of FlowrRx products. Previously FlowrRx products were available online to patients registered via Flowr’s website.

To make an order, patients must submit a completed medical document from a health care practitioner to Shoppers Drug Mart directly to begin the process. Advisers will then contact the referring HCP to verify, then approve the patient who will be able to order immediately.

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