Dewy Juniper Haircap Moss
Polytrichum juniperinum is distinguished from P. commune and P. piliferum by its red hair points on the leaves. P. commune has none but toothed margins on the leaves while P. piliferum has white hairpoints on the leaves. The flower like structures are the male “flowers” (antherdial heads) which produce the sperm.
For the life cycle have a look here, https://commons.m.wikimedia.org/wiki/File:Moss_life_Cycle.jpg
''Polytrichum juniperinum'', commonly known as juniper haircap moss, is an evergreen and perennial species of moss that is widely distributed, growing on every continent including Antarctica.