Fire & Flower Holdings Corp FFLWF

Fire & Flower Holdings Corp. is a Canada-based technology-powered, adult-use cannabis retail company. The Company's principal business is the operation of a fully integrated cannabis consumer technology platform, supported by a fulfillment network of retail stores and delivery to cannabis consumers. The Company's segments include Retail, Wholesale and Logistics, and Digital Platform. The Retail segment sells cannabis products and accessories to the adult-use market in provinces where the sale of cannabis by private retailers is legal, and operates under retail banners Fire & Flower, Friendly Stranger, Happy Dayz, and Hotbox. The Wholesale and Logistics segment distributes and delivers cannabis products and accessories. The Digital Platform segment develops digital experiences and retail analytical insights. The Company owns and operates cannabis retail stores in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, and the Yukon territory.

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Fire & Flower Holdings Corp > Interesting Moment

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Comment by Oldweedon Jul 15, 2020 12:24pm

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Post# 31271164

RE:RE:Interesting Moment

Looks like this matured in 2019..anyone have updates to the status of this debenture?

Investment in Fire & Flower Inc.

Aphria is also investing $10 million in Fire & Flower Inc. (“F&F”) The Company is acquiring unsecured convertible debentures bearing interest at 8% per annum compounded, accrued and paid semi-annually in arrears (the “Debentures”). The Debentures mature on the earlier of a public liquidity event or July 31, 2019 at which time they automatically convert into common shares of F&F at the rate of $1.15 per share, subject to certain downside protection on a future dilutive transaction. The Debentures may also be converted into a loan on July 31, 2019 bearing interest at 12%, at the holder’s option. The closing of the investment remains subject to customary conditions and is expected to close in the next several business days.

https://aphria.ca/blog/aphria-provides-update-on-investments/