Fire & Flower Holdings Corp FFLWF

Question

[Oldweed]

ATD recently sold 2 stores to FAF (I think both are in Kingston ON), considering FAF is using an asset light approach and leasing internal spave within existing Couche Tard stores, what is the purpose of FAF buying these 2 locations, and if they were profitable locations, why would ATD sell them? Thoughts?

[1sergedompierre]

very good question ! may be it is because those 2 stores are profit makers ? or as it was paid by shares - i think 1,68 - ? more will unfold in time ...don't forget that the decision to split the last warrant will be deceide this afternoon -1 pm is the start today on that decision - What is the most important news on FAF for me is the one reporting in the last few days by the new CEO of FAF is

[Oldweed]

I am thinking that the big play for ATD will be GTII in the US (they have struck a partnership with them to supply stores south of the border), so this is where I am concerned about FAF moving to buy stores in KIngston. If GTII ends up supplying the US then it is possible that High Tide will expand into ATD stores nationwide, so unclear how FAF will fit into this scenario, possibly remain the

[Oldweed]

Correction! Not Hight Tide I meant "RISE" which are GTII's stores in the USA.

[1sergedompierre]

this being said ACT could also buy High Tide and control by a large marge the cannabis business in Canada

[Oldweed]

Yes I agree ATD would likely move to take over FAF at these deflated prices if that is their plan, so shareholders might get a 30% premium as that seems to be the going norm. I'm not sure about HT as ATD usually only adds businesses they can aquire at a discount or at the very least emediately accreditive to the bottom line. HT is generating the largest revenue in Canada but at a loss, mind

[1sergedompierre]

WOW yhe proposition was beat by 58.95 % ! what will happen now ???

[Oldweed]

Essentilly ATD was buyiing more shares at that 30% premium Imentioned rate earlier and at the same time making money on the loan interest. They have FAF over a barrel imo, and now the shareholders have said no. ATD are tough negotiators in a good scenario, I do not see this ending well for FAF shareholdres, especially if ATD walks away. Putting all the events together it sure loooks like my

[1sergedompierre]

could it be another buyer somewhere ? 58.95 % is a big number ...

[Oldweed]

Maybe Trevor is not happy.

[Piranhajr]

What does Trevor have to do with anything ? He was ousted, not involed now, blew out some shares at like 2 bucks. maybe has a few 100k left , not enough to swing that vote to No. Maybe you should do some dd and find out who the 2nd largest shareholder is. He did us all a favour, couch-tard not abdanoning something they already have invested 100 mill in. They will now excericse at 125% of VWAP

[Oldweed]

So that was a retorical question, regardless, 38% of shares are held by insiders so I'm not sure who the #2 investor is you are referencing that could have the weight to swing 58% of the vote, but feel free to share your opinion, that is , after all, what this board is for.

[1sergedompierre]

interesting...my concern is that ACT in Dember 2023 get the majority of FAF and then incoporate FAF into ACT and we end up with ACT shares ...what do you think of that one??? I think also that ACT will end up buying GT when it become fully legal in the US