RE:RE:RE:what is happening with FONERightone wrote: dont where your getting your info.. they have not defaulted on their lease/debt.
are you trying to shareholders to panick and sell so you can buy??
Is there some hair-splitting going on? Flower One sent a notice out last week. Sure sounds like they defaulted. At least, that's what the lenders say.
In light of the notice, I'm trying to figure out why the SP has only been moving up since. Weird.
TORONTO and LAS VEGAS, January 14, 2021 – 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 received payment default notices from RB Loan Portfolio II, LLC (the “Lender”) in respect of interests in the amount of $262,500 due on January 1, 2021 in connection with a loan from RB Loan Portfolio I, LLC (the “Lessor”) to the Company in the amount of US$30,000,000, and from RB Loan Portfolio I, LLC (the “Lessor”) in respect to lease payments in the amount of $526,677 due on January 5, 2021 in connection with the Company’s lease of the greenhouse facility located at 3950 North Bruce Street in North Las Vegas.
The Company also has not paid: (i) the January lease payment of $248,268 in connection with the lease of its cultivation and production facility at 343 Neeham Road in North Las Vegas, and (ii) interest payments due on two other loans (totaling $152,306 and $27,575), all of which were due January 1, 2021. No default notices have been received in respect to these payments.