Flower One Holdings, a cannabis cultivator and producer in Nevada, is pleased to announce today that several vendors have agreed to convert their debt into equity shares of Flower One. These transactions are part of the Company’s restructuring plan that was released in late January, when the Company announced various financial and operational restructurings – including the receipt of US$10.1M on convertible-debt funding.
“We are very grateful for the support of our partners and their continued belief in Flower One. These conversions allow us to reduce our overall debt and better position the company for future success,” said Kellen O’Keefe, Flower One’s President and Interim Chief Executive Officer. “Additional vendors have also conveyed interest in converting all or part of their debt balances to equity in the coming weeks.”
For more information:
Flower One
20 Richmond Street East, Suite 600
Toronto, ON M5C 2R9
+1 (416) 913-9642
flowerone.com