The Flowr Corporation (TSXV: FLWR) (OTC:FLWPF) is buying Terrace Global in a deal valued at $63 million. The proposed transaction provides a 47% premium to Terrace Global’s current share price and a premium of 76% to the last Terrace Global financing at $0.125 per share. Flowr said it has secured support from approximately 38% of the […]
The Flowr Corporation The Flowr Corporation (TSXV: FLWR)(OTC: FLWPF) reported that it has closed its previously announced credit facility from a syndicate of lenders led by ATB Financial and including Farm Credit Canada. The $25 million facilities consist of a $24.5 million recapitalization term facility and a $500,000 revolving operating credit facility. Flowr will receive […]
The Flowr Corporation (TSX.V: FLWR)(OTC: FLWPF) announced today that it has commenced an underwritten public offering of common shares for approximately C$125,000,000. As part of the offering, the company is offering an overallotment to purchase an additional 15% of the number of common shares at the offering price for 30 days following closing. Flowr said […]
The Flowr Corporation (TSXV: FLWR)(OTC: FLWPF) has received a loan commitment from a syndicate of lenders led by ATB Financial in its capacity as lead arranger and administrative agent for up to $50,000,000 of committed senior secured credit facilities. Expanding Distribution into Alberta According to the company statement, there is no limit on the number […]
SLANG SLANG Worldwide Inc. (CSE:SLNG) elected to exercise its right under the warrant indenture governing the common share purchase warrants of the company issued on July 23, 2018, to accelerate the expiry date of the Warrants. Slang may accelerate the expiry date of the Warrants if, at any time prior to July 21, 2020, the […]
It’s time for your Daily Hit of cannabis financial news for February 5, 2019. On The Site Verano Illinois-based Verano Holdings, LLC has acquired Four Daughters Compassionate Care Inc. of Sharon, Massachusetts and its provisional medical cannabis licenses for an undisclosed amount. The first cultivation and dispensary facilities in Sharon are expected to open in six to nine months. The […]
Canadian cannabis company The Flowr Corporation (TSX.V: FLWR; OTC: FLWPF) has acquired a 19.8% interest in the European cannabis company Holigen Limited. Flowr will provide its cultivation expertise, facility design, and construction IP for use by Holigen in the construction of its facilities in Portugal and Australia and for obtaining its final licenses in those […]
The Flowr Corporation will begin trading on the TSX Venture Exchange under the symbol FLWR at market open today, September 26, 2018. This follows the recent completion by Flowr of both an oversubscribed $C36 million capital raise and a reverse takeover of a capital pool company previously listed on the Exchange. “This is an exciting day and […]
The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis