Flower One Announces Vendor Conversions To Equity

LAS VEGAS & TORONTO–(BUSINESS WIRE)–Flower One Holdings Inc. (“Flower One” or the “Company”) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), a leading cannabis cultivator and producer in Nevada, is pleased to announce today that several vendors have agreed to convert their debt into equity shares of Flower One. These transactions are part of the Company’s restructuring plan that was released in late January, when the Company announced various financial and operational restructurings – including the receipt of US$10.1M on convertible-debt funding.

“We are very grateful for the support of our partners and their continued belief in Flower One. These conversions allow us to reduce our overall debt and better position the company…