FLWPF - Flowr Stock Up 3.5% as Company Finalizes Holigen Acquisition

The Flowr Corporation (TSXV:FLWR) (OTCPK:FLWPF) has announced that it has wholly acquired Holigen Holdings, boosting Flowr stock over 3.5% this morning.

The company confirmed in a Tuesday morning press release that it had completed the acquisition of the remaining 80.2% interest in Holigen Holdings by way of a share purchase agreement. The acquisition will add production facilities in Austria and Portugal to Flowr’s portfolio, with the Portuguese facility allowing for an additional 500,000 kilograms of production capacity.

Flowr, based in Toronto, builds and operates large-scale, GMP-designed facilities that utilize proprietary growing methods to produce ...