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The Flowr Corp Fires 40% Of Its Workforce And Agrees To Sell Non-Core Asset As Cost Saving Measures
The Flowr Corp Fires 40% Of Its Workforce And Agrees To Sell Non-Core Asset As Cost Saving Measures
The Flowr Corporation (OTCPK:FLWPF) (TSX.V:FLWR) completed a significant corporate headcount reduction resulting in over $4 million in cost savings per year as well as an agreement to sell a non-core asset for aggregate gross proceeds of $3.4 million.
Headcount Reduction
The company has completed a headcount reduction necessary in order to flatten its organizational structure and right-size SG&A with revenue. The company has eliminated 40% of its workforce, largely in senior and middle management, resulting in an anticipated annual savings of over $4m.
Agreement to Sell Flowr Forest
The company has entered into an agreement for the sale of 17 acres of agricultural property located adjacent to its primary facility known as "Flowr Forest" for aggregate gross proceeds of $3.4m. Flowr Forest is not core to the company's operations and the proceeds of the sale will provide the company with increased operating capital. Closing of the sale is anticipated for mid-August and is subject to certain conditions, including the completion of a satisfactory due diligence review by the purchaser.
Tom Flow, interim CEO of Flowr commented, "These cost cutting measures and sale of non-core assets are vital to getting the company to profitability. Flowr is a brand synonymous with quality and we continue to believe that our model to provide premium cannabis products to the market while reducing overall costs will lead to success."
Photo by Esteban Lopez on Unsplash
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The Flowr Corporation (OTCPK:FLWPF) (TSX.V:FLWR) completed a significant corporate headcount reduction resulting in over $4 million in cost savings per year as well as an agreement to sell a non-core asset for aggregate gross proceeds of $3.4 million.
The Flowr公司(OTCPK:FLWPF)(TSX.V:FLWR)完成了大幅的企业员工削减,带来了超过4美元的收益百万每年节省的成本以及一项协议出售非核心资产总计总收益为$3.4 百万.
Headcount Reduction
裁员
The company has completed a headcount reduction necessary in order to flatten its organizational structure and right-size SG&A with revenue. The company has eliminated 40% of its workforce, largely in senior and middle management, resulting in an anticipated annual savings of over $4m.
该公司已经完成了必要的裁员,以实现组织结构扁平化,并实现收入合适的SG&A规模。该公司拥有裁员40%,主要是高级和中层管理人员,预计每年节省超过400万美元。
Agreement to Sell Flowr Forest
出售Flowr森林的协议
The company has entered into an agreement for the sale of 17 acres of agricultural property located adjacent to its primary facility known as "Flowr Forest" for aggregate gross proceeds of $3.4m. Flowr Forest is not core to the company's operations and the proceeds of the sale will provide the company with increased operating capital. Closing of the sale is anticipated for mid-August and is subject to certain conditions, including the completion of a satisfactory due diligence review by the purchaser.
该公司已达成协议,将出售位于其主要设施“Flowr森林”附近的17英亩农业地产,总收益为340万美元。Flowr森林不是该公司运营的核心,出售所得将为该公司提供更多的运营资本。出售预计于8月中旬完成,并受某些条件的限制,包括买家完成令人满意的尽职审查。
Tom Flow, interim CEO of Flowr commented, "These cost cutting measures and sale of non-core assets are vital to getting the company to profitability. Flowr is a brand synonymous with quality and we continue to believe that our model to provide premium cannabis products to the market while reducing overall costs will lead to success."
TOM流,Flowr的临时首席执行官评论道:“这些成本削减措施和出售非核心资产对于公司实现盈利至关重要。Flowr是一个质量的代名词,我们仍然相信我们的模式将在向市场提供优质大麻产品的同时降低整体成本,从而取得成功。”
Photo by Esteban Lopez on Unsplash
Esteban Lopez在Unspash上的照片
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moomoo是Moomoo Technologies Inc.公司提供的金融信息和交易应用程序。
在美国,moomoo上的投资产品和服务由Moomoo Financial Inc.提供,一家受美国证券交易委员会(SEC)监管的持牌主体。 Moomoo Financial Inc.是金融业监管局(FINRA)和证券投资者保护公司(SIPC)的成员。
在新加坡,moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供,该公司受新加坡金融管理局(MAS)监管(牌照号码︰CMS101000) ,持有资本市场服务牌照 (CMS) ,持有财务顾问豁免(Exempt Financial Adviser)资质。本内容未经新加坡金融管理局的审查。
在澳大利亚,moomoo上的金融产品和服务是通过Futu Securities (Australia) Ltd提供,该公司是受澳大利亚证券和投资委员会(ASIC)监管的澳大利亚金融服务许可机构(AFSL No. 224663)。请阅读并理解我们的《金融服务指南》、《条款与条件》、《隐私政策》和其他披露文件,这些文件可在我们的网站 https://www.moomoo.com/au中获取。
在加拿大,通过moomoo应用提供的仅限订单执行的券商服务由Moomoo Financial Canada Inc.提供,并受加拿大投资监管机构(CIRO)监管。
在马来西亚,moomoo上的投资产品和服务是通过Moomoo Securities Malaysia Sdn. Bhd. 提供,该公司受马来西亚证券监督委员会(SC)监管(牌照号码︰eCMSL/A0397/2024) ,持有资本市场服务牌照 (CMSL) 。本内容未经马来西亚证券监督委员会的审查。
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