EDMONTON, AB, June 26, 2020 /CNW/ – Fire & Flower Holdings Corp. (“Fire & Flower” or the “Company”) (TSX: FAF) (OTCQX: FFLWF), today announced the repayment of $27,168,000 principal amount of 8.0% unsecured convertible debentures of the Company (the “Debentures”) (and accrued and unpaid interest thereon) issued on June 26, 2019 pursuant to the terms of a debenture indenture dated June 26, 2019 between the Company and Computershare Trust Company of Canada (the “Indenture”). This repayment by the Company represents the retirement of all Debentures under the Indenture.
About Fire & Flower
Fire & Flower is a leading purpose-built, independent adult-use cannabis retailer poised to capture significant Canadian market share. The Company guides consumers through the complex world of cannabis through education-focused, best-in-class retailing while the HifyreTM digital platform connects consumers with cannabis products. The Company’s leadership team combines extensive experience in the cannabis industry with strong capabilities in retail operations.
Fire & Flower Holdings Corp. owns all issued and outstanding shares in Fire & Flower Inc., a licensed cannabis retailer that owns or has interests in cannabis retail store licences in the provinces of Alberta, Saskatchewan, Manitoba and Ontario and the Yukon territory.
Through the strategic investment of Alimentation Couche-Tard Inc., the Company has set its sights on the global expansion as new cannabis markets emerge.