Flowr Corporation (TSXV:FLWR) (OTC:FLWPF) has agreed to sell its interest in the Kelowna Research Station R&D facility to Hawthorne Canada Limited The Toronto-based Flowr Corp. said the C$16 million ($12.6 million) deal is expected to close in the second quarter and will result in cash proceeds of $4 million and the elimination of $12 million of long-term debt. Shares of Flowr Corp. have gained 16.7% so far in 2022, compared to a 12.3% drop by the Cannabis ETF.
The KRS sale, subject to certain closing conditions, is expected to close in Q2 2022.
