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Flower One Q1 2021 Revenue Spikes 53% YoY, Expects To Post Record Revenue In Q2

Flower One Q1 2021 Revenue Spikes 53% YoY, Expects To Post Record Revenue In Q2
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A Nevada Cultivator Learns Hard Lessons from the Pandemic

A Nevada Cultivator Learns Hard Lessons from the Pandemic
Covid-19 hit Nevada hard in every sector. Flower One hopes to reverse that.
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With New York s recent legalization of adult-use of cannabis and New Mexico and Virginia legalization around the corner, the U.S. is well on its way to having 18 states with legal adult-use cannabis by the end of the year. On top of that, Senate Majority Leader Chuck Schumer is gearing up to introduce some significant federal cannabis reform measures to speed up legalization on the national level. Together, with vaccine rollouts and the promise of reopening, these tailwinds create a situation where tourism and cannabis may have a solid second half of the year. ....

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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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C21 Investments Inc (CXXIF) - Cannabis Movers & Shakers: Papa & Barkley, MCOA, Grown Rogue, cbdMD, Agricor, Botanacor, Flower One, Fluence, MPP, Canopy, Gage, Hemp Hydrate, Elev8

Papa & Barkley Announces Promotions, New Hires
Cannabis wellness company
Papa & Barkley has boosted its executive team with several promotions and new hires.
Adam Grossman, who served as founder and CEO of Eureka, California-based company, is now chair of the board of directors.
Former Milani Cosmetics CMO Evelyn Wang agreed to join Papa & Barkley and replace Grossman as the new CEO. Wang has over 15 years of senior management experience from her time working at L Oreal and The Estee Lauder Companies.
Papa & Barkley co-founder and CPO Guy Rocourt was promoted to President in September. Meanwhile, Zeeshan Hyder will oversee the company s financial department. ....

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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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