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Flower One completes $20.85 Million Public Offering of Convertible Debenture Units

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Flower One Holdings Inc.

Flower One Holdings Inc. (CSE: FONE) (OTCQX: FLOOF), the largest cannabis cultivator, producer, and full-service brand fulfillment partner in the state of Nevada, announced the closing of its previously announced marketed public offering of unsecured convertible debenture units of the Company for aggregate gross proceeds of $20,850,000, which includes the proceeds from the partial exercise of the Over-Allotment Option. In connection with the Offering, the Company issued a total of 20,850 Debenture Units at a price of $1,000 per Debenture Unit.

The Offering was completed pursuant to an agency agreement with Mackie Research Capital Corporation and Canaccord Genuity Corp., as co-lead agents and joint bookrunners, on behalf of a syndicate of agents including Industrial Alliance Securities Inc., Haywood Securities Inc., PI Financial Corp., Echelon Wealth Partners Inc. and Eight Capital.

Fasken acted for Flower One in connection with this marketed public offering with a team consisting of Andrew Jackson, Iain Mant, Guy Winter and Martin Ferreira Pinho.




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