The Flowr Corp (FLWR.V) and Scots Miracle-Gro Company (SMG.NYSE) subsidiary Hawthorne Canada completed a research and development facility in Kelowna, BC, for cannabis cultivation techniques and systems today, according to a press release.
The R&D Center includes laboratories, indoor grow suites and training areas in a single building. Flowr will use the space to test cultivation techniques using Hawthorne’s lighting, fertilization and irrigation systems. Flowr’s research focus will be on cannabis genetics and growing systems.
“We built Hawthorne to help cultivators of all sizes grow quality plants with high levels of efficiency and consistency. Completing the industry’s only dedicated R&D facility gives us a distinct advantage. We will leverage Flowr’s cultivation expertise and our technical capabilities into real world testing and results that will make a difference to growers. We are proud of this collaboration with Flowr, a leading international cannabis company, with extensive growing experience indoors, in greenhouses and at-scale outdoors. Flowr is also one of a few companies that have had experience growing diverse genetics in different countries. We believe this experience will benefit our companies and the growers we serve,” said Chris Hagedorn, senior vice president and general manager of Hawthorne Gardening.
FLWR’s price movement over the past three months has been shaky, showing a high of $0.495 and a low in the $0.33 range. At present, they’re trading at $0.35. They’ve been trading steadily at under $0.40 since Christmas Eve.