Welcome to our dedicated page for FLOWER ONE HOLDINGS news (Ticker: FLOOF), a resource for investors and traders seeking the latest updates and insights on FLOWER ONE HOLDINGS stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect FLOWER ONE HOLDINGS's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of FLOWER ONE HOLDINGS's position in the market.
Flower One Holdings Inc. (CSE: FONE, OTCQX: FLOOF) has announced the issuance of 956,194 Common Shares to debenture holders as an Interest Payment totaling C$244,935.80. This issuance relates to debentures due on June 30, 2021, and the shares are priced at C$0.2562 each, based on the volume-weighted average price preceding the payment date. The share issuance is subject to regulatory approvals, and shares issued in the U.S. are classified as restricted securities. Flower One remains a leading cannabis cultivator in Nevada, supporting notable brands.
Flower One Holdings Inc. (CSE: FONE) (OTCQX: FLOOF) announced strong financial results for Q1 2021, achieving revenue of $13.9 million, a 53% increase from Q1 2020's $8.8 million. The successful debt restructuring improved liquidity, with cash equivalents at $5.9 million. The company is now the top flower provider in Nevada, producing leading brands Cookies and NLVO. It anticipates record Q2 revenue between $16-$18 million, driven by improved operations and increased market share.
Flower One Holdings Inc. announced its fifth bi-weekly status report regarding its management cease trade order (MCTO) under National Policy 12-203. The MCTO allows the Company additional time to file its audited annual financials for 2020, which were submitted on June 11, 2021. Interim filings for Q1 2021 were delayed past the May 31 deadline, with expectations to complete them by July 5, 2021. The Company assures compliance with alternative information guidelines during the MCTO, which restricts trading for the CEO and CFO, but does not affect other shareholders.
Flower One Holdings Inc. will present live at VirtualInvestorConferences.com on June 29, 2021, at 3:30 PM ET. Kellen O'Keefe, President, and Richard Groberg, Interim CFO, will engage with investors during this interactive online event. The company, a leader in Nevada's cannabis market, boasts the top two selling flower brands and has recently increased its processing capacity by over 300%. Pre-registration is recommended for attendees. For more information, visit www.virtualinvestorconferences.com.
Flower One Holdings reported strong financial results for FY 2020, with revenue reaching $34.2M, a 260% increase from FY 2019. Q4 2020 revenue was $9.6M, reflecting a 66% year-over-year growth. The company successfully introduced new products like Cookies and 22Red in Nevada, with brand partners recognizing significant sales. Looking ahead, the Q1 2021 preliminary revenue guidance exceeds $13.5M, setting a new performance record. However, a management cease trade order (MCTO) has been issued due to delays in annual filing, affecting trading for executives but not other shareholders.
Flower One Holdings (CSE: FONE, OTCQX: FLOOF) will issue Common Shares to debenture holders instead of cash payments for interest totaling approximately C$244,935.80. This includes C$201,029.40 for March debentures and C$43,906.40 for November debentures, due June 30, 2021. The share issuance is based on the average trading price over the 20 days leading up to the payment date. Approval from the CSE is required. Flower One is the largest cannabis producer in Nevada, supplying various products to top brands.
Flower One Holdings provides its third bi-weekly status report following the management cease trade order (MCTO) under National Policy 12-203. The company will delay its Annual Filings, originally due on May 28, 2021, and now expects to file by June 11, 2021. As a result, the unaudited interim financial statements for Q1 2021 will also be delayed until on or before June 16, 2021. The MCTO restricts trading by the CEO and CFO but does not affect other shareholders. Flower One emphasizes compliance with alternative information guidelines during this period.
Flower One Holdings Inc. (OTCQX: FLOOF) has provided its second bi-weekly status report following a management cease trade order (MCTO) to allow additional time for filing its audited annual financial statements for 2020. The MCTO restricts trading by the CEO and CFO but allows other shareholders to trade. The Company confirms no material changes since the last update and anticipates filing the Annual Filings by May 28, 2021. The MCTO will remain effective until the filings are submitted or lifted.
Flower One Holdings Inc. has announced record preliminary first quarter revenue guidance for 2021, exceeding USD$13.5M, surpassing its previous record of USD$11.9M. The company is now the top flower provider in Nevada, holding the top two selling flower brands. Additionally, it has reported a significant increase in processing capacity, with over 300% growth compared to the previous quarter. Flower One has also restructured its debt, reducing principal amounts significantly. This strong performance indicates a solid position for future growth as the market recovers.
Flower One Holdings announced an amendment to its Loan Agreement with Gold Flora LLC. Key changes include extending the maturity date to November 21, 2021 and converting the loan from Canadian to US dollars. The Company issued 397,873 Lender Warrants at an exercise price of CAD$0.315, which can expire early if share prices reach CAD$1.05 for 20 consecutive days. These modifications aim to strengthen the Company’s financial position and support its growth as a leading cannabis producer in Nevada.
FAQ
What is the market cap of FLOWER ONE HOLDINGS (FLOOF)?
