Flower One Holdings Inc FLOOF

Healthcare Cannabis

Flower One Holdings Inc. is a Canada-based cannabis cultivation, production, licensing, and wholesale company. The Company produces a range of products from flower, full-spectrum oils, and distillates to finished consumer packaged goods, including pre-rolls, concentrates, edibles, topicals, and other brands in cannabis. It offers cannabis brands such as Cookies, Kiva, Old Pal, Heavy Hitters, Lift Ticket’s, HUXTON, and its in-house brand, NLVO, and more. The Company, through its subsidiaries, holds a range of investments such as commercial-scale cannabis greenhouse, cannabis production facility, indoor cultivation facility and a fully licensed commercial kitchen space, located in North Las Vegas, Nevada. Its subsidiaries include Flower One Corp., FO Labour Management Ltd., Cana Nevada Corp., CN Labor Management, Inc., CN License Co I, Inc., CN License Co III, Inc, North Las Vegas Equipment Co., Inc, North Las Vegas Equipment Co. III, Inc. and North Las Vegas Services, Inc.

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Flower One Holdings Inc > what is happening with FONE

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Comment by sheeple1on Feb 02, 2021 4:18pm

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RE:RE:RE:RE:RE:RE:RE:what is happening with FONE

Correct, it won't be favorable for the current common shareholder. There was secured debt of $50M, private unsecured debt of $10-12M on top of $40M of convertible debenture debt. And now another $25M of potential debt (...albeit Convertible). Let's not also forget the sale/lease back obligations of $20M (and possible much more if they sell/lease back the main greenhouse). Large portions of these need to be dealt with, the probable result of which will be a significant dilution of current common shares.

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