Bullboard - Stock Discussion Forum 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... see more

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Flower One Holdings Inc > So sad

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Post by payt on Sep 10, 2020 3:10pm

So sad

Covid has done us in.

TORONTO, Sept. 10, 2020 /CNW/ - Flower One Holdings Inc. ("Flower One" or the "Company") (CSE: FONE) (OTCQX: FLOOF) is pleased to announce that it has priced its previously announced overnight marketed offering (the "Offering") of equity units (the "Equity Units") of the Company.

Pursuant to the Offering, the Company intends to issue 20,000,000 Equity Units at a price of C$0.25 per Equity Unit for gross proceeds of $5,000,000. Each Equity Unit will consist of a common share of the Company (a "Common Share") and one common share purchase warrant (a "Warrant"). Each Warrant will be exercisable into one Common Share for a period of 36 months from the closing of the Offering at an exercise price of C$0.36, subject to adjustment in certain events.

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Comment by Rightone on Sep 11, 2020 3:48pm

It is the pandemic that did this stock in, it is the terrible management and dilution of the shares. too many shares issued, it will be off the market by the end of the month. Disgusting

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Comment by RyeGinVokda on Sep 14, 2020 2:40pm

Get ready for a split soon

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Comment by Rightone on Sep 14, 2020 7:37pm

right - it will split to 11 cents then split to 5 cents and then disappear with all our money.. stupid management is the reason for this farce... looks like any other ponsey scheme

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Comment by Rightone on Sep 18, 2020 12:44pm

death by a thousand cuts as they say... at one cent a day, it will be zero by the end of the month thanks to the morons running this stock.. they should be investigated....

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