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Flowr Corp
365 Bay Street, Suite 800
Phone: (905) 940-3993p:905 940-3993 TORONTO, ON  M5H 2V1  Canada Fax: (905) 940-3993f:905 940-3993
Filed for Protection from its Creditors under the Companies' Creditors Arrangement Act (Canada) on 10/20/2022
On 10/20/2022, The Flowr Corporation, The Flowr Canada Holdings ULC, The Flowr Group (Okanagan) Inc., and Terrace Global Inc. (the Applicants) commenced Court-supervised restructuring proceedings under the Companies’ Creditors Arrangement Act (“CCAA”) in the Ontario Superior Court of Justice (Commercial List) (the "Court"). Ernst & Young Inc. was appointed as the Monitor of the Applicants for the CCAA proceedings.
On 2/1/2023, Avant Brands K1 Inc closed on its acquisition of all of the issued and outstanding shares in the capital of Flowr Corp's subsidiary, The Flowr Group (Okanagan) Inc.
The Company has no operating business and sold substantially all of its assets.
This company is no longer actively traded on any major stock exchange.
Business Summary
The Flowr Corporation is a Canada-based cannabis company. The Company produces cannabis products for medical patients and recreational consumers throughout Canada. The Company is focused on producing, marketing and distributing premium dried cannabis flower products, such as packaged dried cannabis flower and pre-rolls. It also focuses on offering new product formats, such as cannabis oils, vape technology, edibles, beverages and topical products. Its brands include Flowr and FlowrRX. Flowr is a brand of cannabis produced in the Okanagan Valley. Kelowna 1 is approximately 85,000 square foot purpose built indoor facility for producing 10,000 kilograms (kg) of cannabis. Its subsidiaries include The Flowr Canada Holdings ULC (Flowr ULC), Holigen Holdings Limited (Holigen), and Terrace Global Inc. (Terrace), among others.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
9/30/202212/31/2021YesYes---

Industries
SIC Code Description
2833 Medicinal chemicals and botanical products

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chief Executive Officer, Director Darren A.Karasiuk 49 8/10/2022 8/10/2022
Chief Financial Officer IrinaHossu 3/1/2020 3/1/2020
Chief Legal Officer, Director MichaelGalego 12/30/2020 12/30/2020
5 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
The Flowr Group (Okanagan) Inc. 9590 McCarthy Road Kelowna BC Canada
Terrace Inc. 365 Bay Street Toronto ON Canada
Terrace Global Inc 365 Bay Street, Suite 800 Toronto ON Canada

Business Names
Business Name
Cannatech Plant Systems Inc.
FlowCo Investments LP
FlowCo Services LP
9 additional Business Names available in full report.

General Information
Number of Employees: 186 (As of 12/31/2020)
Outstanding Shares: 426,468,633 (As of 9/30/2022)
Stock Exchange: NEX
Fax Number: (905) 940-3993


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Monday, April 22, 2024