/NOT FOR DISSEMINATION IN THE UNITED
STATES OR FOR DISTRIBUTION TO UNITED
STATES WIRE SERVICES/
EDMONTON, July 31, 2019 /CNW/ - Fire & Flower Holdings
Corp. ("Fire & Flower" or the "Company") (TSXV: FAF)
today announced that in accordance with the terms of an amended and
restated debenture indenture entered into between Fire & Flower
Inc. ("FFI") and Computershare Trust Company of Canada ("CTCC") dated as of February 13, 2019, as supplemented by the
supplemental amended and restated indenture between the Company,
FFI and CTCC dated as of February 13,
2019 (collectively, the "Indenture"), the Corporation will
issue an aggregate of 615,058 common shares in the capital of the
Company (the "Common Shares") to holders of the Company's 8.0%
unsecured convertible debentures (the "Debentures") in satisfaction
of an aggregate of $793,424.66
interest payable to holders of the Debentures on July 31, 2019.
The issuance of the Common Shares in lieu of cash is subject to
the terms and conditions of the Indenture as well as the receipt of
all requisite approvals, including, without limitation, the
approval of the TSX Venture Exchange.
Additional Information
Copies of the Indenture are available on the Company's profile
on SEDAR at www.sedar.com in accordance with applicable securities
laws.
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 Hifyre™ 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 in
the provinces of Alberta,
Saskatchewan, Manitoba and the Yukon territory and is a consultant and
licensor to Fire & Flower-branded retail locations in the
province of Ontario.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATION
This news release contains certain forward-looking
information within the meaning of applicable Canadian securities
laws ("forward-looking statements"). All statements other than
statements of present or historical fact are forward-looking
statements. Forward-looking statements are often, but not always,
identified by the use of words such as "anticipate", "achieve",
"could", "believe", "plan", "intend", "objective", "continuous",
"ongoing", "estimate", "outlook", "expect", "project" and similar
words, including negatives thereof, suggesting future outcomes or
that certain events or conditions "may" or "will" occur.
These statements are only predictions.
Forward-looking statements are based on the opinions and
estimates of management of the Company at the date the statements
are made based on information then available to the Company.
Various factors and assumptions are applied in drawing conclusions
or making the forecasts or projections set out in forward-looking
statements. Forward-looking statements are subject to and
involve a number of known and unknown risks and uncertainties, many
of which are beyond the control of the Company, which may cause the
Company's actual performance and results to differ materially from
any projections of future performance or results expressed or
implied by such forward-looking statements. Applicable risks
and uncertainties include, but are not limited to, regulatory
risks, changes in laws, market risks, concentration risks,
operating history, competition and the other risks identified under
the headings "Risk Factors" in the Company's Filing Statement dated
February 6, 2019 and "Risks and
Uncertainties" in the Company's management discussion and analysis
for the thirteen weeks ended May 4,
2019, each as filed on SEDAR at www.sedar.com.
Investors are cautioned not to put undue reliance on
forward-looking statements. No assurance can be given
that the expectations reflected in forward-looking statements will
prove to be correct.
The Company assumes no obligation to publicly update or
revise forward-looking statements to reflect new information,
future events or otherwise, except as expressly required by
applicable law.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Fire & Flower Holdings Corp.