The Flowr Corporation to Acquire Terrace Global Inc. for $63 Million

October 20, 2020

The Flowr Corporation (TSX.V: FLWR; OTC: FLWPF) and Terrace Global Inc. (TSX.V: TRCE) announced that they have entered into a definitive agreement pursuant to which The Flowr Corporation will acquire all of the issued and outstanding common shares of Terrace Global Inc. in an all-share acquisition valued at approximately $63 million. The acquisition will be affected by way of a court approved plan of arrangement under the Business Corporations Act (Ontario).

Wildeboer Dellelce LLP is representing Terrace Global in connection with the Transaction with a team comprised of Jeff Hergott, Carlye Bellavia and Katie Drury (corporate/securities/mergers & acquisitions) and Katy Pitch (tax).