Flower One Holdings Inc. (“Flower One” or the “Canadian Company”) (CSE: FONE) (FSE: F11), the Canadian parent company of the leading cannabis cultivator and producer in Nevada, today authorized the Canadian Company and its Canadian subsidiaries to seek protection from the Supreme Court of British Columbia pursuant to the Companies’ Creditors Arrangement Act (the “CCAA”). The Canadian Company is seeking to appoint PricewaterhouseCoopers Inc. as the court appointed Monitor of the Canadian Company and its Canadian subsidiaries.
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