Post by
1sergedompierre on Jun 08, 2023 10:46am
here is the old story and actual situation
go to https://cfcanada.fticonsulting.com/fireandflower
take the time to open and read all the documents there -around 100 pages -
To make a very simple resume it is concerning several leases made before Trudel's time the the company wanted to cancels as they do not make any more business there -close stores or reduce spaces -
General idea is that FAF wants to reduce unnecessary and old cost to steamline the company and make it profitable . ACT is helping by putting 9,6 M $ , is part of the process that can last unti September 15 . We should have news around June 15 .
There is hope the company is not in bankrupcy and everybody seems for the moment to be working in stemlining the company for saving jobs and protecting also even us the minor share holders .
These are long documents but if you have a minimum accounting and legal experience it is really an interesting reading that will show you hope.
Good reading !
Comment by
1sergedompierre on Jun 08, 2023 10:50am
if you have problem opening the link go to the Fire and flower website ,click under news to the one publish on June 06 2023 , scroll in about the middle the link is there on the right side