Flow Capital Congratulates DionyMed on its CSE Listing
TORONTO, Dec. 03, 2018 (GLOBE NEWSWIRE) -- Flow Capital Corp. (TSXV: FW) (“Flow Capital” or “Flow”) wishes to congratulate DionyMed Brands Inc. (“DionyMed”) on its approximately CAD $35,000,000 equity financing and successful listing on the Canadian Securities Exchange (“CSE”). DionyMed, in which Flow Capital invested in March 2018, commenced trading on the CSE on November 29, 2018 under the ticker symbol DYME.
In addition to continuing to hold a revenue royalty of CAD $1,000,000 with DionyMed, Flow Capital holds 190,000 common share purchase warrants of DionyMed, at a strike price of CAD $1.50.
Currently based in California and Oregon, DionyMed is a rapidly-growing, multi-state cannabis brands and distribution platform, supporting cultivators, manufacturers and award-winning brands in the medical and adult-use cannabis markets. DionyMed sells branded products in every category from flower to vape cartridges, concentrates and edibles. DionyMed serves more than 700 dispensaries and completes over 40,000 Direct-To-Consumer deliveries each month with its growing portfolio of products and brands.
“DionyMed is the prototypical Flow Capital portfolio company: rapidly accreting the value of its equity, led by seasoned and invested management, with a clear value proposition, and operating in a large and high growth market,” stated Robb McLarty, Chief Investment Officer and Acting Chief Executive Officer of Flow. “We will continue to execute on opportunities like DionyMed, in exciting markets like cannabis, in both the United States and in Canada, in order to continue to fulfill our mission of building shareholder value by contracting for recurring, high-yield revenue royalties, 2X buyouts and further upside from warrants.”
About Flow Capital
Based in Toronto, Flow Capital Corp. is a diversified alternative asset investor and advisor, operating two divisions: an investment operation providing revenue-linked capital to emerging growth businesses, and an institutional advisory sales platform providing pension funds, charities and endowment clients with access to leading institutional money managers from around the world. Learn more at www.flowcap.com.
For further information, please contact:
Flow Capital Corp.
1 Adelaide Street East, Suite 3002,PO Box 171,Toronto, Ontario M5C 2V9