Flower One Issues Common Shares to Its Term Lender Per the Term Loan Modification Agreement – StreetInsider.com

Flower One Issues Common Shares to Its Term Lender Per the Term Loan Modification Agreement <!– –>

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LAS VEGAS–(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 the issuance on April 7, 2021 of 1,996,742 common shares (“Shares”) to RB Loan Portfolio II, LLC, a Delaware limited liability company (the “Term Lender”) and its respective loan participants, pursuant to the terms of the previously signed loan modification agreement (the “Loan Modification Agreement”).

As previously announced on January 26, 2021, the Company and its various subsidiaries entered into the Loan Modification Agreement with the Term Lender with respect to its existing USD$30 million term debt, secured

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