The Flowr Corporation Announces Leadership Transition and Changes to Board of Directors

Published: August 11, 2022

The Flowr Corporation Announces Leadership Transition and Changes to Board of Directors

The Flowr Corporation announced leadership and governance changes with the appointments of Darren Karasiuk to the role of Chief Executive Officer (CEO) and Director and the additions of Stephen Arbib as Chairman and Marvin Singer to the Board of Directors (the “Board”). Tom Flow, who has acted as Interim CEO of Flowr since March, remains on the Board along-side incumbents Joanne Lee and Ryan Roebuck.

“I’d like to thank both the Board for the opportunity to lead Flowr and Tom for his leadership while serving as Interim CEO,” said Darren Karasiuk, CEO commented, With a renewed focus on leveraging the Company’s core assets and addressing markets it’s best capable of competing and winning in, I’m excited about what Flowr, its team of committed professionals and highly-engaged Board will be able to achieve.”

Stephen Arbib, Chairman of the Board commented, “This is an exciting time for Flowr with the addition of Darren as CEO. I’ve known Darren for many years and couldn’t be any happier to have him lead Flowr. We see a huge opportunity in this space and believe Flowr is well positioned with its world-class assets and team.”

Darren is a veteran of the cannabis industry with experience and success in all aspects of the value chain. Prior to joining Flowr, Darren was CEO of Nova Cannabis, one of Canada’s largest cannabis retailers, disrupting the industry with the launch of the Value Buds banner. Prior to Nova, Darren was Chief Commercial Officer at Aurora Cannabis, leading it to become market share leader in Canada’s recreational and medical markets as well as in Europe. Before joining Aurora, Darren was VP Strategy and later SVP and GM, Recreational for MedReleaf, a Canadian LP sold to Aurora in 2018.

Stephen Arbib is a Canadian entrepreneur, philanthropist and significant shareholder of Flowr. Mr. Arbib is the founder and CEO of Momentum Solutions, one of the world’s leading logistics and life support service providers, specializing in humanitarian and emergency operations for government agencies, militaries and non-profit organizations. Momentum provides services from passenger and cargo air movements, freight forwarding, construction equipment leasing, labour force and staffing and housing. In 2013, Mr. Arbib founded MedReleaf, the first ISO 9001 certified cannabis producer in North America and one of the global leaders in the production and research of medicinal cannabis which was sold to Aurora for CAD $3.2Bn in 2018. Mr. Arbib is the Director of the Arbib Foundation, a charitable foundation that allocates personal funds to charities across the globe.

Marvin Singer currently works as a director and corporate consultant. Mr. Singer has acted as a consultant to private and public companies since January 2020, after retiring from practising corporate and securities law for 40 years, most recently as a senior partner in the international law firm of Norton Rose Fulbright Canada LLP from 2005 until 2019. Mr. Singer has extensive experience in equity and debt financings, governance, and mergers and acquisitions. Mr. Singer served as a director for Nova Cannabis and is currently a director of Osino Resources Corp. and Psyence Group Inc.

About The Flowr Corporation
The Flowr Corporation is a Canadian cannabis company with its operating campus, located in Kelowna, British Columbia. Flowr aims to support improving outcomes through responsible cannabis use and, as an established expert in cannabis cultivation, strives to be the brand of choice for consumers and patients seeking the highest-quality craftsmanship and product consistency across a portfolio of differentiated cannabis products. For more information, please visit flowrcorp.com or follow Flowr on Twitter: @FlowrCanada and LinkedIn: The Flowr Corporation.