FLWPF - The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Registers First Sales of Premium Cannabis Cultivation Facility on Pace for Q3 2019 Completion
- Even with its cultivation facility only 20 percent operational, the company reported record revenues from its first cannabis sales in 2018
- Flowr announced that 20 fully constructed grow rooms will be available in Q3 2019, increasing its annual production capacity to 10,000 kilograms
- The company has also announced plans to expand its product line with the sale of seeds and clones once production is ramped up
The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) registered a number of important milestones in 2018, despite the fact that its world-class cultivation facility was only 20 percent operational at the time. In an official conference call held on April 4, 2019, the company announced its first revenues on sales of premium cannabis in 2018. Flowr Corporation sold nearly 405 kilograms of cannabis produced at the grow rooms of its Kelowna 1 facility (http://nnw.fm/O9Ics).
Gross revenue reached C$3.3 million and net revenue was established at C$2.9 million. The average net realized price was C$7.08 per gram, after Flowr received...
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