TORONTO, Feb. 03, 2021 (WORLD NEWSWIRE)– The Flowr Corporation (TSX.V: FLWR; OTC: FLWPF) (“ Flowr” or the “ Business“) supplies commentary on the choice by INFARMED, I.P. (“ INFARMED“), Portugal’s National Authority of Medicines and Health Products, to authorize the very first market permission which will enable a certified manufacturer of medical cannabis to launch items in Portugal.
” We praise the choice by INFARMED, which was the very first of its kind, to enable clients to have access to medical cannabis items in Portugal through indication-specific market permissions. The Portuguese federal government is forward believing in its technique to enhancing the lifestyle for Portuguese clients as clinical information continues to install relating to medical cannabis as both safe and effective in dealing with a range of conditions,” commented Pauric Duffy, Flowr’s Handling Director of Europe. “This ground-breaking choice sets the phase for Flowr to pursue market permissions to serve Portuguese and European clients with medical cannabis produced from our world class regional centers in Sintra and Aljustrel,” commented Lance Emanuel, President and Interim CEO of Flowr.
In March 2020, Flowr revealed that its wholly-owned subsidiary in Europe, Holigen Holdings Limited (“ Holigen“), got its Great Production Practice (GMP) accreditation in accordance with European Union requirements, for its indoor production center situated in Sintra, Portugal. The GMP accreditation was released by INFARMED. Holigen remains in the procedure of carrying out stability screening on particular of its high-THC genes and anticipates outcomes within 2021.
Found simply beyond Lisbon, Holigen’s Sintra center is a purpose-built center with 6 grow spaces, a research study and advancement laboratory and an anticipated extraction processing center. The Sintra center can producing around 2,000 kgs of premium dried flower when completely enhanced. Holigen’s European operations likewise consist of the Aljustrel center which has more than 5,000,000 square feet of outside grow area and greenhouse capability, efficient in producing in excess of 500,000 kgs of cannabis when completely functional.
About The Flowr Corporation
The Flowr Corporation is a Toronto-headquartered cannabis business with operations in Canada, Europe, and Australia. Its Canadian operating school, situated in Kelowna, BC, consists of a purpose-built, GMP-designed indoor growing center; an outside and greenhouse growing website; and a cutting edge R&D center. From this school, Flowr produces leisure and medical items. Worldwide, Flowr means to service the worldwide medical cannabis market through its subsidiary Holigen, which has a license for cannabis growing in Portugal and runs GMP accredited centers in both Portugal and Australia.
Flowr intends to support enhancing results through accountable cannabis usage and, as a developed professional in cannabis growing, makes every effort to be the brand name of option for customers and clients looking for the first-rate workmanship and item consistency throughout a portfolio of distinguished cannabis items.
To find out more, please check out flowrcorp.com or follow Flowr on Twitter: @FlowrCanada and LinkedIn: The Flowr Corporation.
On behalf of The Flowr Corporation:
President and Interim CEO
INVESTORS & & MEDIA:
Head of Capital Markets
( 877) 356-9726 ext. 1528
Positive Info and Declarations
This news release includes “positive details” within the significance of Canadian securities laws, which might consist of however is not restricted to declarations made worrying: the application of ingenious brand-new glass containers for the Business’s dried flower items, and the effect thereof on Flowr’s item positioning; and high THC cultivar launches and the timing and formats thereof. Frequently, however not constantly, positive details can be recognized by the usage of words such as “strategies”, “is anticipated”, “anticipates”, “set up”, “means”, “considers”, “prepares for”, “thinks”, “proposes” or variations (consisting of unfavorable and grammatical variations) of such words and expressions, or state that particular actions, occasions or outcomes “might”, “might”, “would”, “may” or “will” be taken, take place or be accomplished. Such details and declarations are based upon the present expectations of Flowr’s management and are based upon presumptions and based on dangers and unpredictabilities. Although Flowr’s management thinks that the presumptions underlying such details and declarations are sensible, they might show to be inaccurate. The positive occasions and situations talked about in this news release might not take place by particular defined dates or at all and might vary materially as an outcome of recognized and unidentified danger elements and unpredictabilities impacting Flowr, consisting of dangers associating with: basic financial and stock exchange conditions; unfavorable market occasions; loss of markets; future legal and regulative advancements in Canada and somewhere else; the cannabis market in Canada normally; the capability of Flowr to execute its organization methods; Flowr’s failure to produce or offer exceptional quality cannabis, dangers and unpredictabilities detailed from time to time in Flowr’s filings with the Canadian Securities Administrators; the Business’s failure to raise capital or have the liquidity to run or advance its tactical efforts and numerous other elements beyond the control of Flowr.
Although Flowr has actually tried to recognize essential elements that might trigger real actions, occasions or results to vary materially from those explained in positive details or declarations, there might be other elements that trigger actions, occasions or results to vary from those expected, approximated or meant. No positive details or declaration can be ensured. Other than as needed by appropriate securities laws, positive details and declarations speak just since the date on which they are made and Flowr carries out no commitment to openly upgrade or modify any positive details or declarations, whether as an outcome of brand-new details, future occasions or otherwise. When thinking about such positive details and declarations, readers need to bear in mind the danger elements and other cautionary declarations in Flowr’s Yearly Info Type dated April 29, 2020 (the “AIF”) and submitted with the appropriate securities regulative authorities in Canada. The danger elements and other elements kept in mind in the AIF might trigger real occasions or results to vary materially from those explained in any positive details or declarations.
Neither TSX Endeavor Exchange nor its Policy Solutions Supplier (as that term is specified in policies of the TSX Endeavor Exchange) accepts obligation for the adequacy or precision of this release.
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