New Stock Arbitrage — Flower One Holdings Inc.
Flower One is the largest cannabis cultivator, producer, and full-service brand fulfillment partner in the state of Nevada. By combining more than 20 years of greenhouse operational excellence with best-in-class cannabis operators, Flower One offers consistent, reliable, and scalable fulfillment to a growing number of industry-leading cannabis brands. Flower One’s flagship 400,000 square-foot greenhouse and 55,000 square-foot production facility is used for large scale cannabis cultivation, processing, and manufacturing.
Flower One Holdings Inc. announced that it is commencing an offering of convertible debenture units of the Company. The Offering will be conducted on an agency basis for the issuance of up to 20,000 convertible debenture units of the Company at a price of $1,000 per Debenture Unit for aggregate gross proceeds to the Company of up to $20,000,000.
The Offering is being led on a “best-efforts” basis by Mackie Research Capital Corporation and Canaccord Genuity Corp., as co-lead agents and joint bookrunners, and on behalf of a syndicate of agents. The closing of the Offering is currently expected to be on or about the week of November 11, 2019.