Dec 24 (Reuters) - Flowr Corp FLWR.V :
* THE FLOWR CORPORATION ANNOUNCES THE CLOSING OF THE STRATEGIC ACQUISITION OF TERRACE GLOBAL
* FLOWR CORP - AS OF CLOSING OF TRANSACTION, COMBINED COMPANY HAS $23.2 MILLION OF CASH ON ITS BALANCE SHEET
* FLOWR CORP - IN 2021, VINAY TOLIA, CEO OF FLOWR, WILL BE STEPPING DOWN FROM HIS ROLE AS CHIEF EXECUTIVE OFFICER