Austin Smith
Posted by Austin Smith on Feb 11, 2019 11:00:00 AM

New Cannabis Company NASDAQ Listing Application Comes from The Flowr Corporation


tavin-dotson-37590-unsplashThe Flowr Corporation (OTC: FLWPF) announced that it has submitted an application to list onto the NASDAQ Capital market. The company filed a Form 40-F to apply for listing approval from the Securities and Exchange Commission (SEC). A listing of the company shares onto the NASDAQ is subject to industry standards. It is required that Flowr register its common shares with the SEC and that it receives a formal determination by the NASDAQ. Shares of Flowr on the TSX Venture Exchange will continue to trade with the stock ticker symbol of “FLWR”. Once all regulatory parties are satisfied with the application and all necessary requirements are met, an announcement will be made that contains the date that Flowr can begin trading.

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Co-Chief Executive Officer of The Flowr Corporation, Vinay Tolia, stated: "Flowr has made tremendous progress executing on its business plan since becoming a public company last year and we believe the Company is well positioned to pursue additional growth opportunities.” The Co-CEO also went on to stress the importance behind approval to list onto the NASDAQ with the belief that it will broaden the company horizons to a global outlook from investors.

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Tags: Finance

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