Today is a sacred day for those who’ve spent the last several decades traveling to the melodramatic corners of the galaxy via the USS Enterprise: It is the 90th birthday of William Shatner. And while the great star is no longer an active part of the “Star Trek” franchise, he. Read More.
Schwazze (OTCMKTS: SHWZ) is on a buying spree.
The Denver-based company, formerly known as Medicine Man Technologies Inc., recently took over 14 Star Buds locations in Colorado. Schwazze CEO Justin Dye gave us a heads up that the deal was in the works during a fireside chat at Benzinga. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to:
Posted on 338
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 better positioni
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 to US$25,000,000
Cannabis company Flower One Holdings Inc. (CSE:FONE) (OTCQX:FLOOF) has made several leadership changes, including the appointment of interim CEO Kellen O Keefe.
The move comes as Ken Villazor resigned as CEO, President and board chair.
In addition, O Keefe along with Mitchell Kahn and Eliza Gairard were appointed to the board of directors. O’Keefe will continue as Chief Strategy Officer, as well.
Amit Varma and David Wesley resigned from the board.
Separately, Nitin Kaushal was named chair of the company’s audit, risk and finance committee, while Salpy Boyajian was named executive vice president and board chair.
The moves come on the heels of a debt restructuring.