GREY:FFLWF - Post by User
Comment by
TomConstantineon Oct 09, 2022 1:39pm
128 Views
Post# 35014909
RE:RE:RE:RE:Co-Location with Circle K
RE:RE:RE:RE:Co-Location with Circle KYep. It's a possibility. Series C Warrants are exercisable between October 1, 2022 and June 30, 2023 at an exercise price equal to the lesser of (A) $30.00; and (B) 125% of the 20-day VWAP of the Fire & Flower common shares on the last trading day prior to the date on which the Series C Warrants are exercised. 4,457,206 of the Series C Warrants, which were issued pursuant to the exercise of top-up rights by ACT, are also subject to a minimum exercise price of $4.7732. The Company has also granted to ACT certain participation and top-up rights pursuant to an Amended and Restated Investor Rights Agreement dated September 16, 2020 to receive additional securities of Fire & Flower which, if exercised, entitle ACT to a minimum aggregate direct and indirect ownership of 50.1% of the issued and outstanding common shares of Fire & Flower on a fully diluted basis.