Flower One Issues Common Shares in Satisfaction of Interest Payment Under Its Convertible Debentures

Jun 10, 2022

Flower One Holdings Inc. (“Flower One” or the “Company”) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), the leading cannabis cultivator and producer in Nevada, announces that in accordance with the terms of the indentures entered into in March 2019 and November 2019 between the Company and Odyssey Trust Company (the “Trustee”), as amended, in respect of its unsecured convertible debentures due January 31, 2024 (collectively, the “Debentures”), it has elected to issue common shares in the capital of the Company (“Common Shares”) to debenture holders in satisfaction of interest in the amount of CAD$509,652, and CAD$111,312 due and payable on June 30, 2022 on the March 2019 and the November 2019 Debentures, respectively (the “Interest Payment”).

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