Flowr Shares Wilt On Higher Q3 Net Loss

Toronto-based cannabis company Flowr Corporation (TSX.V:FLWR) (OTC: FLWPF) reported third-quarter net revenue of CA$1.34 million ($1 million), a figure the company said was affected by activities including construction and production actions at its Kelowna 1 facility. The company reported a net loss of CA$14.98 million versus CA$5.63 million in the same quarter of 2018, and a loss per share of CA$0.13, a wider loss than the CA$0.08 per share reported one year ago. “Our third quarter revenues were short of expectations as we continued to manage construction and production activities as well as ramp up sales and marketing,” CEO Vinay Tolia said in a statement.