GREY:FLWPF - Post by User
Post by
HHHAPPYon Dec 24, 2020 5:31pm
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Post# 32181787
INCREASED DILUTION OF THE SHARES OUTSTANDING BUT I GUESS
INCREASED DILUTION OF THE SHARES OUTSTANDING BUT I GUESSREDUCES DEBT OUTSTANDING!
"The Flowr Corporation (TSX.V: FLWR; OTC: FLWPF) (“Flowr” or the “Company”) is pleased to announce it has completed the early conversion of certain of its 10.0% subordinated secured convertible debentures due April 27, 2024 (the “Debentures”) pursuant to the previously announced early conversion opportunity (the “Early Conversion Opportunity”). Approximately $16.4 million aggregate principal amount of Debentures were converted under the Early Conversion Opportunity, resulting in the issuance of approximately 47.8 million common shares of the Company. Upon closing of the Early Conversion Opportunity, there were approximately $5.1 million aggregate principal amount of Debentures still outstanding. All such outstanding Debentures will continue to be governed by the terms of the indenture between the Company and Computershare Trust Company of Canada dated April 27, 2020, as amended."