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Flower One Announces Election to Issue Common Shares in Satisfaction of Interest Payment Obligations Under Its 9.5% Unsecured Convertible Debentures

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LAS VEGAS & TORONTO — Flower One Holdings Inc. (“Flower One” or the “Firm“) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), the main hashish cultivator and producer in Nevada, pronounces that in accordance with the phrases of the indentures entered into between the Firm and Odyssey Belief Firm (the “Trustee“) in respect of its 9.5% unsecured convertible debentures due January 31, 2024, it has elected to situation widespread shares within the capital of the Firm (“Widespread Shares“) to debenture holders in satisfaction of curiosity within the quantity of roughly C$201,029.40, and C$43,906.40 on the March debentures and November debentures, respectively, due and payable on June 30, 2021 (the “Curiosity Fee“).

In accordance with the phrases of the indentures, the problem worth of the Widespread Shares issued in satisfaction of the Curiosity Fee shall be based mostly on the volume-weighted common buying and selling worth per Widespread Share for the twenty (20) consecutive buying and selling days on the Canadian Securities Trade (the “CSE“) ending on fifth day previous to the cost date, being the twenty (20) consecutive buying and selling days from Could 26, 2021 to June 23, 2021. The Widespread Shares shall be issued to the registered holders of the March debentures and November debentures showing on the registers of the Trustee on the shut of enterprise on Could 31, 2021, being the final enterprise day of the month previous the relevant curiosity cost date. No fractional Widespread Shares shall be issued in satisfaction of the Curiosity Fee.

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The issuance of the Widespread Shares in lieu of money is topic to the phrases and circumstances of the indentures in addition to the receipt of all requisite approvals, together with, with out limitation, the approval of the CSE.

About Flower One Holdings Inc.

Flower One is the most important hashish cultivator, producer, and full-service model success companion within the state of Nevada. By combining greater than 20 years of greenhouse operational excellence with best-in-class hashish operators, Flower One provides constant, dependable, and scalable success to a rising variety of industry-leading hashish manufacturers (Cookies, Kiva, Previous Pal, Heavy Hitters, Carry Ticket’s, The Clear, HUXTON, and Flower One’s main in-house model, NLVO, and extra). Flower One at the moment produces a variety of merchandise from flower, full-spectrum oils, and distillates to completed shopper packaged items, together with quite a lot of: pre-rolls, concentrates, edibles, topicals, and extra for top-performing manufacturers in hashish. Flower One’s Nevada footprint consists of the Firm’s flagship facility, a 400,000 square-foot high-tech greenhouse and 55,000 square-foot manufacturing facility, in addition to a second web site with a 25,000 square-foot indoor cultivation facility and industrial kitchen. Flower One has constructed an industry-leading workforce centered on changing into the primary high-quality, low-cost model success companion.

The Firm’s widespread shares are traded on the Canadian Securities Trade beneath the Firm’s image “FONE”, in america on the OTCQX Finest Market beneath the image “FLOOF” and on the Frankfurt Inventory Trade beneath the image “F11”. For extra data, go to:

Cautionary Observe Concerning Ahead-Wanting Info

Statements on this press launch that aren’t statements of historic or present reality represent “forward-looking data” inside the that means of Canadian securities legal guidelines and “forward-looking statements” inside the that means of United States securities legal guidelines (collectively, “forward-looking statements”). Such forward-looking statements contain identified and unknown dangers, uncertainties, and different unknown elements that would trigger the precise outcomes of the Firm to be materially completely different from historic outcomes or from any future precise outcomes expressed or implied by such forward-looking statements. Along with statements which explicitly describe such dangers and uncertainties, readers are urged to contemplate statements labeled with the phrases “believes,” “perception,” “expects,” “intends,” “anticipates,” “potential,” “ought to,” “could,” “will,” “plans,” “proceed” or different related expressions to be unsure and forward-looking.

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Ahead-looking statements could embody, with out limitation, the anticipated cost of the Curiosity Fee by Widespread Shares; the worth of the Widespread Shares to be issued in lieu of money; quantities of curiosity payable to the holders of March debentures and November debentures; and the receipt of all requisite approvals, together with, with out limitation, the approval of the CSE.

The forward-looking statements contained on this press launch are expressly certified of their entirety by this cautionary assertion and the“Ahead-Wanting Statements” part contained within the Firm’s administration’s dialogue and evaluation for the 9 and three months ended September 30, 2020 (the “MD&A“). All forward-looking statements on this press launch are made as of the date of this press launch. The forward-looking statements contained herein are additionally topic usually to assumptions and dangers and uncertainties which are described on occasion within the Firm’s public securities filings with the Canadian securities commissions, together with the MD&A. Though Flower One has tried to establish essential elements that would trigger precise outcomes, efficiency or achievements to vary materially from these contained within the forward-looking statements, there might be different elements that trigger outcomes, efficiency or achievements to not be as anticipated, estimated or meant.

Though the Firm believes that any forward-looking data and statements herein are cheap, in mild of the usage of assumptions and the numerous dangers and uncertainties inherent in such data and statements, there might be no assurance that any such forward-looking data and statements will show to be correct, and accordingly readers are suggested to depend on their very own analysis of such dangers and uncertainties and shouldn’t place undue reliance upon such forward-looking data and statements. Accordingly, readers shouldn’t place undue reliance on forward-looking statements. The forward-looking statements on this information launch are made as of the date of this launch. Flower One disclaims and doesn’t undertake any intention or obligation to replace or revise any such forward-looking statements, whether or not because of new data, future occasions or in any other case, besides as required by relevant regulation.


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Flower One Investor Relations
Kellen O’Keefe, President & Interim CEO

Flower One Media

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