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Bullboard - Stock Discussion Forum Flowr Corp FLWPF

Healthcare Drug Manufacturers - Specialty & Generic Cannabis
The Flowr Corp is a Toronto-headquartered cannabis company with operations in Canada and Europe. Its Canadian operating campus, located in Kelowna, BC, includes a purpose-built, GMP-designed indoor cultivation facility; an outdoor and greenhouse cultivation site; and a R&D facility that is awaiting licensing from Health Canada. From this campus, Flowr produces recreational and medicinal... see more

GREY:FLWPF - Post Discussion

Flowr Corp > Flowr Corp Closes On Terrace Acquisition, Share Structure Ba
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Post by AwareInvestor on Dec 29, 2020 8:58am

Flowr Corp Closes On Terrace Acquisition, Share Structure Ba

The Flower Corporation has completed its acquisition of Terrace Global. The firm was acquired via a plan of arrangement that saw 0.4973 Flowr shares issued for each Terrace Global share, resulting in significant dilution to the firms share structure with a total of 144.6 million shares being issued under the transaction.
Comment by DaNixon on Dec 29, 2020 12:49pm
yikes, that dilution is serious. Helps explain the poor share performance as of late. Kind of a bummer to be sitting on this loss for the foreseeable future. Oh well :) happy new year!
Flowr Corp
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