NLVO

 Flower One Obtains Meeting Order Under the Companies’ Creditors Arrangement Act (Canada)

Retrieved on: 
Saturday, November 26, 2022
Cannabis, Retail, Other Retail, Tobacco, Specialty, Natural Resources, Toshiko Meets Her Old Pals, Regional Power (Canadian company), Heavy Hitters, Bankruptcy, Frankfurt Stock Exchange, Kiva, Cookie, F11, FSE, Law of the United Kingdom, Court, Monitor, Cannabis, NLVO, Canadian Securities Exchange, THIS, CSE, Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., CCAA, Supreme court, Plan, PST, Risk management, Audit, Meeting

During this time, the US operations of Flower One are expected to continue in the ordinary course and without interruption.

Key Points: 
  • During this time, the US operations of Flower One are expected to continue in the ordinary course and without interruption.
  • As previously reported, PricewaterhouseCoopers Inc. has been appointed to act as the Canadian Companies monitor under the CCAA (in such capacity, the Monitor).
  • A copy of the Plan, Meeting Order and Meeting materials, including a Notice of Meeting, may be found on the Monitors website at https://www.pwc.com/ca/en/services/insolvency-assignments/flower-one/mee... .
  • In order to attend the Meeting, affected creditors must contact the Monitor before 9:00 am on December 19, 2022, as set out in the Notice of Meeting.

Flower One Obtains Extension of Stay Period and Claims Process Order Under the Companies’ Creditors Arrangement Act (Canada)

Retrieved on: 
Tuesday, October 25, 2022
Cannabis, Retail, Other Retail, Tobacco, Specialty, Natural Resources, FSE, Cannabis, Sale, THIS, PST, Toshiko Meets Her Old Pals, THE, Frankfurt Stock Exchange, Regional Power (Canadian company), Heavy Hitters, Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., Company, F11, CSE, Intention, Canadian Securities Exchange, Claim, Forward-looking statement, CCAA, Law of the United Kingdom, NLVO, Record, Supreme court, Kiva, Streamlining Claims Processing for Federal Contractor Employees Act, Cookie, Oil, Risk management, Audit, Monitor

The Canadian Company also announces that on October 25, 2022, it obtained an order (the Claims Process Order) establishing a claims process (the "Claims Process") to identify and determine claims against the Canadian Companies.

Key Points: 
  • The Canadian Company also announces that on October 25, 2022, it obtained an order (the Claims Process Order) establishing a claims process (the "Claims Process") to identify and determine claims against the Canadian Companies.
  • Pursuant to the Claims Process Order, the Canadian Companies will send a claims notice (the Claims Notice) to each known creditor of the Canadian Companies, which will set out the claim such creditor has against each of the Canadian Companies, according to the records of the Canadian Companies.
  • If a creditor agrees with its claim as set out in the Claims Notice, no further action is required.
  • A copy of the Claims Process Order, along with all schedules attached thereto, can be found at the Monitors website listed below.

Flower One Approves CCAA Filing

Retrieved on: 
Monday, October 17, 2022
Cannabis, Natural Resources, FSE, Cannabis, Sale, THIS, Toshiko Meets Her Old Pals, THE, Frankfurt Stock Exchange, Regional Power (Canadian company), Heavy Hitters, Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., F11, Company, CSE, Intention, Canadian Securities Exchange, Forward-looking statement, CCAA, Law of the United Kingdom, NLVO, Supreme court, Kiva, Cookie, Risk management, Audit

The decision to commence CCAA proceedings was made after careful consideration of the Canadian Companys financial position and significant consultation with certain key creditors of Flower One.

Key Points: 
  • The decision to commence CCAA proceedings was made after careful consideration of the Canadian Companys financial position and significant consultation with certain key creditors of Flower One.
  • During the CCAA process, the US operations of Flower One are expected to continue in the ordinary course and without interruption.
  • Flower One is the largest cannabis cultivator, producer, and full-service brand fulfillment partner in the state of Nevada.
  • Flower One currently produces a wide range of products from flower, full-spectrum oils, and distillates to finished consumer packaged goods, including a variety of: pre-rolls, concentrates, edibles, topicals, and more for top-performing brands in cannabis.

Flower One Announces CCAA Filing

Retrieved on: 
Tuesday, October 18, 2022
Cannabis, Retail, Other Retail, Tobacco, Specialty, Natural Resources, FSE, Cannabis, THIS, Toshiko Meets Her Old Pals, THE, Frankfurt Stock Exchange, Regional Power (Canadian company), Heavy Hitters, Kirkbi AG v Ritvik Holdings Inc, Court, F11, Company, CSE, Intention, Canadian Securities Exchange, Petition, PricewaterhouseCoopers, Monitor, Forward-looking statement, Hearing, CCAA, Law of the United Kingdom, NLVO, Supreme court, Kiva, Cookie, Online gambling, Risk management, Audit

The decision to commence CCAA proceedings was made after careful consideration of the Canadian Companys financial position and significant consultation with certain key creditors of Flower One.

Key Points: 
  • The decision to commence CCAA proceedings was made after careful consideration of the Canadian Companys financial position and significant consultation with certain key creditors of Flower One.
  • During the CCAA process, the US operations of Flower One are expected to continue in the ordinary course and without interruption.
  • For specific questions about the CCAA, please contact the Monitor via email at [email protected] or by phone at 604-484-3477.
  • Flower One is the largest cannabis cultivator, producer, and full-service brand fulfillment partner in the state of Nevada.

Flower One Announces OTC Markets Transition

Retrieved on: 
Friday, September 16, 2022
Cannabis, Natural Resources, Retail, Tobacco, Specialty, Kiva, FSE, THE, Intention, OTCQB, Company, Heavy Hitters, NLVO, Toshiko Meets Her Old Pals, Frankfurt Stock Exchange, Forward-looking statement, Canadian Securities Exchange, CSE, Cannabis, F11, Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., THIS, Cookie, Transition, Audit

Flower One Holdings Inc. (Flower One or the Company) (CSE: FONE) (FSE: F11), the leading cannabis cultivator and producer in Nevada, today announced that its common stock listed on the OTCQB market, will be transitioned to the OTC Expert Market effective September 16, 2022, upon market open (the Transition).

Key Points: 
  • Flower One Holdings Inc. (Flower One or the Company) (CSE: FONE) (FSE: F11), the leading cannabis cultivator and producer in Nevada, today announced that its common stock listed on the OTCQB market, will be transitioned to the OTC Expert Market effective September 16, 2022, upon market open (the Transition).
  • The Transition was a result of the Company no longer being considered a Foreign Private Issuer, and not being eligible for public quotation under Rule 15c2-11.
  • Flower One is the largest cannabis cultivator, producer, and full-service brand fulfillment partner in the state of Nevada.
  • Flower One currently produces a wide range of products from flower, full-spectrum oils, and distillates to finished consumer packaged goods, including a variety of: pre-rolls, concentrates, edibles, topicals, and more for top-performing brands in cannabis.

Flower One Reports Q2-22 Financial Results

Retrieved on: 
Tuesday, August 30, 2022
Cannabis, Natural Resources, Flower, Toshiko Meets Her Old Pals, Director, Depreciation, MNP, Audit committee, Forward-looking statement, THIS, Frankfurt Stock Exchange, Kiva, Canadian Securities Exchange, Classification, Intention, International, Company, Cannabis, THE, Heavy Hitters, NLVO, Cookie, SEDAR, Mission statement, MNP LLP, Audit

While still navigating through a challenging global economic environment, we continue to strengthen and refine our ability to decrease and control our costs, said Araxie Grant, Flower Ones Chief Financial Officer.

Key Points: 
  • While still navigating through a challenging global economic environment, we continue to strengthen and refine our ability to decrease and control our costs, said Araxie Grant, Flower Ones Chief Financial Officer.
  • Flower Ones second quarter 2022 financial statements and managements discussion and analysis will be issued and filed on SEDAR at www.sedar.com on August 29, 2022 and will also be available on Flower Ones website at www.flowerone.com/investors/financial-reports .
  • Flower One is the largest cannabis cultivator, producer, and full-service brand fulfillment partner in the state of Nevada.
  • Such forward-looking statements involve known and unknown risks, uncertainties, and other unknown factors that could cause the actual results of the Company to be materially different from historical results or from any future actual results expressed or implied by such forward-looking statements.

Flower One Amends Terms of its Short-Term Debt

Retrieved on: 
Saturday, July 30, 2022
Cannabis, Natural Resources, Toshiko Meets Her Old Pals, Kiva, F11, Frankfurt Stock Exchange, Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., Heavy Hitters, Multilateral, Forward-looking statement, MI, Intention, Canadian Securities Exchange, Minority, THE, NLVO, Company, Cookie, THIS, CSE, Cannabis, FSE, Security (finance), Audit

The remaining terms of the Short-Term Debt remain in place.

Key Points: 
  • The remaining terms of the Short-Term Debt remain in place.
  • Flower One is the largest cannabis cultivator, producer, and full-service brand fulfillment partner in the state of Nevada.
  • Flower One currently produces a wide range of products from flower, full-spectrum oils, and distillates to finished consumer packaged goods, including a variety of: pre-rolls, concentrates, edibles, topicals, and more for top-performing brands in cannabis.
  • Flower One has built an industry-leading team focused on making high-quality cannabis accessible to all.

Flower One Reports Q1-22 Financial Results

Retrieved on: 
Saturday, July 23, 2022
Hemp, Retail, Public Relations, Investor Relations, Cannabis, Communications, General Health, Women, Men, Department Stores, Agriculture, Tobacco, Natural Resources, Specialty, Alternative Medicine, Consumer, Health, Toshiko Meets Her Old Pals, Kiva, Frankfurt Stock Exchange, Heavy Hitters, Forward-looking statement, Software, Intention, Canadian Securities Exchange, Classification, Director, Webcast, THE, NLVO, SEDAR, Mission statement, Audit committee, MNP, Company, Cookie, THIS, Depreciation, International, MNP LLP, Cannabis, Audit, Bookkeeping

Additionally, to access the archived webcast, please visit Flower Ones website .

Key Points: 
  • Additionally, to access the archived webcast, please visit Flower Ones website .
  • Flower One is the largest cannabis cultivator, producer, and full-service brand fulfillment partner in the state of Nevada.
  • Flower One currently produces a wide range of products from flower, full-spectrum oils, and distillates to finished consumer packaged goods, including a variety of: pre-rolls, concentrates, edibles, topicals, and more for top-performing brands in cannabis.
  • Such forward-looking statements involve known and unknown risks, uncertainties, and other unknown factors that could cause the actual results of the Company to be materially different from historical results or from any future actual results expressed or implied by such forward-looking statements.

Flower One Announces Significant Advancements with Ongoing Restructuring

Retrieved on: 
Friday, July 1, 2022
Alternative Medicine, Cannabis, Retail, Health, Specialty, Natural Resources, Canadian Securities Exchange, Multilateral, CEO, FSE, Minority, Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., Kiva, Growth, Frankfurt Stock Exchange, Company, Lessor, LP, CSE, Partnership, LLC, THE, Cannabis, F11, Heavy Hitters, Toshiko Meets Her Old Pals, NLVO, Cookie, THIS, MI, Intention, Forward-looking statement, Security (finance), Audit

This debt restructuring is a major step in our turnaround plan, as it will provide the Company with additional liquidity and a significant runway to continue our operational restructuring efforts, and position the Company for sustainable growth, said Kellen OKeefe, President & CEO.

Key Points: 
  • This debt restructuring is a major step in our turnaround plan, as it will provide the Company with additional liquidity and a significant runway to continue our operational restructuring efforts, and position the Company for sustainable growth, said Kellen OKeefe, President & CEO.
  • Given the current state of the capital markets for cannabis, we are very pleased with this notable transaction.
  • This crucial step in our restructuring not only provides the Company with significant cash interest savings, but also allows for a deferral of interest payments, ensuring we are able to preserve capital, Araxie Grant, Flower Ones CFO.
  • Flower One is the largest cannabis cultivator, producer, and full-service brand fulfillment partner in the state of Nevada.

Flower One Announces FY-21 Financial Results

Retrieved on: 
Thursday, June 30, 2022
Alternative Medicine, Cannabis, Retail, Health, Other Retail, Natural Resources, Canadian Securities Exchange, SEDAR, International, File, Kiva, Frankfurt Stock Exchange, Company, Board, MNP LLP, Â, Mission statement, THE, Cannabis, Heavy Hitters, Software, Culture, Audit committee, Toshiko Meets Her Old Pals, NLVO, Cookie, Time, Webcast, THIS, MNP, Intention, Development, Forward-looking statement, Audit, Bookkeeping, Management, Director

Additionally, to access the archived webcast, please visit Flower Ones website.

Key Points: 
  • Additionally, to access the archived webcast, please visit Flower Ones website.
  • The Company anticipates that the Q1-21 restatements will be reflected in restated comparative figures in the Companys interim unaudited financial statements for the period ended March 31, 2022.
  • Flower One is the largest cannabis cultivator, producer, and full-service brand fulfillment partner in the state of Nevada.
  • Such forward-looking statements involve known and unknown risks, uncertainties, and other unknown factors that could cause the actual results of the Company to be materially different from historical results or from any future actual results expressed or implied by such forward-looking statements.