F11

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

Retrieved on: 
Saturday, November 26, 2022

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

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

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

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

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 Amends Terms of its Short-Term Debt

Retrieved on: 
Saturday, July 30, 2022

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 Announces Significant Advancements with Ongoing Restructuring

Retrieved on: 
Friday, July 1, 2022

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 Hires Tim Shoemake as Chief Operating Officer

Retrieved on: 
Wednesday, June 29, 2022

Flower One Holdings Inc. (Flower One or the Company) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), the leading cannabis cultivator and producer in Nevada, today announced the appointment of Tim Shoemake as its Chief Operating Officer, effective June 28, 2022.

Key Points: 
  • Flower One Holdings Inc. (Flower One or the Company) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), the leading cannabis cultivator and producer in Nevada, today announced the appointment of Tim Shoemake as its Chief Operating Officer, effective June 28, 2022.
  • The leadership team is one of the best in the industry, and I am looking forward to helping Flower One achieve its goals, said Tim Shoemake, Flower Ones COO.
  • Tim Shoemake has over 25 years of experience in global agriculture, and food and beverage manufacturing for some of the largest brands and retailers in the world.
  • After entering cannabis, Tim has worked in the industry for both multistate and publicly-traded companies in California, Colorado, and Nevada.

Flower One Launches Veteran Created and Inspired Brand, Kuno

Retrieved on: 
Friday, June 17, 2022

Kuno was created with the intent of making quality cannabis products more readily available to veterans, said Grayson Bowman, Flower Ones Director of Special Operations & former Navy SEAL.

Key Points: 
  • Kuno was created with the intent of making quality cannabis products more readily available to veterans, said Grayson Bowman, Flower Ones Director of Special Operations & former Navy SEAL.
  • We have carefully selected genetics with cannabinoid profiles for Kuno that are best suited to meet the needs of my fellow veteran community.
  • We are proud to introduce Kuno to the state of Nevada, said Kellen OKeefe, Flower Ones President & CEO.
  • Kuno products will be available in Nevada at Jardin, Oasis, NuWu and other participating retailers starting June 24, 2022.

Flower One Provides Fourth Bi-Weekly Status Report in Relation to its Annual Filings

Retrieved on: 
Wednesday, June 15, 2022

Flower One Holdings Inc. (Flower One or the Company) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), the leading cannabis cultivator and producer in Nevada, today provides its fourth bi-weekly status report further to the Companys press release dated May 4, 2022 .

Key Points: 
  • Flower One Holdings Inc. (Flower One or the Company) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), the leading cannabis cultivator and producer in Nevada, today provides its fourth bi-weekly status report further to the Companys press release dated May 4, 2022 .
  • The MCTO does not affect the ability of other shareholders to trade in the securities of the Company.
  • The MCTO will remain in effect until the Company files the Annual Filings or the MCTO is otherwise revoked or varied.
  • The Company is working to complete the Interim Filings as soon as possible and expects the Interim Filings to be filed within at least five business days following the Company's filing of the Annual Filings.