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Flower One Announces the Completion of its Restructuring Transaction

Press release content from Business Wire. The AP news staff was not involved in its creation.
Flower One Announces the Completion of its Restructuring Transaction
April 19, 2021 GMT
LAS VEGAS & TORONTO (BUSINESS WIRE) Apr 19, 2021
Flower One Holdings Inc. (“Flower One” or the “Company”) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), a leading cannabis cultivator and producer in Nevada, is pleased to announce today that (i) following its press release dated April 14, 2021, the Company has completed its restructuring transaction with its 9.5% unsecured debentures due March 28, 2022 (the
“March Debentures” ) and 9.5% unsecured convertible debentures due November 15, 2022 (the
“November Debentures”, and together with the March debentures, the ....

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Flower One Makes Convertible Debenture Interest Payments

Posted on
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Flower One Holdings Inc. (“Flower One” or the “Company”) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), a leading cannabis cultivator, producer and innovator in Nevada, announced today that it made the interest payments that were due on December 31, 2020 related to its unsecured convertible debentures issued in March 2019 and November 2019 (collectively the
“Debentures”). Payments of CAD$2,017,375.50 and CAD$440,610.00, respectively, were made by the Company before the end of the 30-day grace periods in accordance with the applicable indentures.
“In addition to making these interest payments, we engaged legal and financial advisors to continue discussions with the Debenture holders regarding a potential restructuring transaction,” stated Kellen O’Keefe, Flower One’s President and Interim Chief Executive Officer (CEO). “We remain focused on right-sizing the balance sheet and b ....

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Nevada Cannabis Operator Flower One Recapitalizes and Reorganizes Board and Executive Team – New Cannabis Ventures

January 27, 2021 at 7:38 am
Published by NCV Newswire
Editor’s note: The company corrected and replaced the original press release:
Flower One Announces Changes to the Board of Directors and Executive Management, Initial Debt Restructuring and the Initial Closing of over US$10 million and up to US$25 million in Convertible Debenture Financing
LAS VEGAS & TORONTO-January 27, 2021-(BUSINESS WIRE)–Flower One Holdings Inc. (“Flower One” or the “Company”) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), a leading cannabis cultivator, producer and innovator in Nevada, today announced: changes and additions to its Board of Directors (the “Board”) and executive management team; the completion of its initial debt restructuring; the agreement by the Southlands and Yaletown Trusts to retire 20,000,000 common shares of the Company (the “Retired Common Shares”), and the initial closing of US$10,100,000 of a non-brokered convertible debenture offering of up t ....

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