Terrace Global Inc. and The Flowr Corporation Enter into Agreement to Jointly Develop Outdoor Medical Cannabis Project in Portugal

May 14, 2020

Terrace Global Inc. (TSXV:TRCE) has entered into an equity line and profit sharing agreement with The Flowr Corporation (TSXV:FLWR) for the purpose of jointly developing an outdoor medical cannabis project in Portugal. Under the terms of the agreement, Terrace Global has agreed to provide capital for the project in exchange for securities of Flowr and a share of net proceeds from the project.

Terrace Global is a multi-country operator focused on the development and acquisition of international cannabis assets. The Flowr Corporation is a Toronto-based cannabis company with operations in Canada, Europe and Australia.

Wildeboer Dellelce LLP acted for Terrace Global in connection with transaction and was represented by Jeff Hergott (corporate/securities).