FLWPF - NetworkNewsBreaks - Jefferies Analyst Initiates Coverage on The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF)
Canadian Licensed Producer of premium cannabis products the Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) was recently highlighted in an article by Barron’s titled ‘5 Marijuana Stocks to Buy – and 2 to Avoid, According to an Analyst’ authored by Bill Alpert. According to the article, Jefferies, a diversified financial services company, initiated coverage of Canadian marijuana producers on Monday and gave Flowr a “Buy” rating. Owen Bennett, the Jefferies analyst, reports that cannabis will not fall into the pattern of normal agricultural commodities that see major price drops from oversupply. Moreover, Bennett believes that premium cannabis won’t be commoditized and that any potential cannabis glut won’t take place until mid-2021 at the earliest.
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About the Flowr Corporation
Through its subsidiaries, Flowr is a vertically integrated Canadian cannabis company focused on the natural science of cannabis. With head offices in Markham, Ontario, and production in Kelowna, British Columbia, Flowr builds and operates large-scale, GMP-designed cultivation facilities utilizing its own patented growing systems. Flowr’s investment in research and development ensures that its cultivation team is able to supply patients with consistent, high-quality medicinal cannabis. With a sense of craftsmanship and a spirit of innovation, Flowr is also well positioned with a line of premium quality cannabis products for the upcoming adult-use market. For more information, follow Flowr on Twitter: @FlowrCanada; Facebook: Flowr Canada; and Instagram: @flowrcanada, or visit the company’s website at www.Flowr.ca.
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