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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.


GREY:FFLWF - Post by User

Comment by 1sergedompierreon Jun 12, 2023 2:17pm
275 Views
Post# 35491931

RE:We the shareholders are done

RE:We the shareholders are doneYou may be right but the stock has not been delisted yet and even if it happen it does not mean the company is in bankrupt and if not it can be list again as before .

What i think is happening is this : CT SAID OK looking at the actual financial statement we are not interesting in buying the extra 15 % and keep financing that company unless some part of that statement can be improuve .Mainly the several long leases made before Trudel was there .These commercial leases are either to big -more square foots then need -or worse leases from close stores . Also a few things still related with Pineapple acquisition -employes ,local etc..

The CCA can stay in place until September 15 and a furst report shoul be produce around June 15 th .

All those negociations with those financial parts of the situation are handle be the lawyers of CT . Will they be successufull enough for CT ? for them to become the majority holder of FAF ? we dont know yet but will find out soon .

Remember CT already own all the assets of FAF in guarante of their loan anf financing  and have reinforce their situation on those right from day one -June 6 -of the CCAA .

Bottom line they could already have put FAF in bankrupcy on June 6 th .The fact that before doing that they are taking the time to see if problems with the leases and Pineapple can be resolve to their satisfaction before pulling the plug on FAF .

So there is still hope we can save our investment there and remember something : face to a bankrupcy where those leases owners risk of getting zero money will they negociate something better the zero ?

Hope yes there is some hope for those reasons . June 15 th should bring us more on all this .
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