The Flowr Corporation Appoints New CFO and Announces Management Changes for Next Stage of Global Growth

The Flowr Corporation Welcomes Irina Hossu as Chief Financial Officer and Announces Management Changes.

• Irina Hossu to join Flowr as Chief Financial Officer
• Irina bring over 15 year of experience in progressively senior finance leadership roles across a variety of global industries including consumer-packaged goods, beverage and alcohol, and financial technology
• Alex Dann, Flowr’s current CFO, will remain with the Company until Irina joins Flowr
• Three other C-Suite executives will step down as the Company continues to seek operational and financial efficiencies

TORONTO, Jan. 27, 2020 (GLOBE NEWSWIRE) -- The Flowr Corporation (TSX.V: FLWR; OTC: FLWPF) (“Flowr” or the “Company”) is pleased to announce that Ms. Irina Hossu will be joining the Company as its new Chief Financial Officer on March 29, 2020.  Current Chief Financial Officer, Alex Dann, will remain with the Company until the end of March, 2020.  The Company is also announcing the departures of Chief Research and Innovation Officer, Jason Broome, and Chief Strategy Officer, Laurence Levi.  Current Chief Policy and Medical Officer, Dr. Lyle Oberg, will transition to an advisory role and remain on the Board of Directors of Flowr (the “Board”).  Board Chairman Steve Klein will again assume the title of Chief Strategist, and oversee the strategic direction of the Company moving forward.

“As the Company continues to grow and execute on its business plan, Flowr is realigning its leadership structure to drive improved operational and financial efficiencies. Ms. Hossu, as CFO, will be responsible for the stewardship of Flowr’s finance department, with an emphasis on financial strategy, capital allocation planning and growing Flowr’s domestic and international businesses,” said Flowr’s Chief Executive Officer Vinay Tolia. 

“We are thrilled to welcome Irina to the Flowr family where her extensive experience in strategic finance leadership roles with multinational organizations will have a positive impact at all levels of our Company as we move forward through our next phase of growth.  Furthermore, her experience across a variety of industries, including consumer-packaged goods and beverage and alcohol, will better enable Flowr to execute on our ambitious international growth plans.”