Previous Close | 0.5120 |
Open | 0.5200 |
Bid | 0.0000 x 0 |
Ask | 0.0000 x 0 |
Day's Range | 0.5200 - 0.5570 |
52 Week Range | 0.5000 - 2.8100 |
Volume | 161,128 |
Avg. Volume | 111,555 |
Market Cap | 96M |
Beta (3Y Monthly) | N/A |
PE Ratio (TTM) | 3.44 |
EPS (TTM) | 0.1540 |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | N/A |
Third-quarter cash and cash equivalents amounted to $5.6 million. "This was another milestone quarter for Flower One as, among other things, it was the first reporting period that included revenue contributions from our flagship greenhouse," President and CEO Ken Villazor said in a statement.
Flower One Holdings Inc. (the "Company") (CSE: FONE) (OTCQX: FLOOF), a leading cannabis cultivator, producer and innovator in Nevada, today reported its financial and operating results for the third quarter ended September 30, 2019. All amounts are expressed in U.S. dollars unless indicated otherwise.
Flower One Holdings Inc. ("Flower One" or the "Company") (CSE:FONE) (OTCQX:FLOOF) – Nevada's leading cannabis cultivator, producer, and full-service brand fulfillment partner – today announces its brand partnership with California-born Kiva Confections ("Kiva"), bringing their industry-leading, premium cannabis confections to the Nevada market. A nine-year old industry leader known for their precise, discreet, and delicious edibles, Kiva's presence in Nevada will redefine consumers' expectations of cannabis confections.
The Company will host a conference call on Wednesday, November 27, 2019 at 8:30 a.m. ET to discuss its financial results and review recent and upcoming milestones. You will be put on hold until the conference call begins. A question-and-answer session will follow the conference call, at which time the operator will provide instructions for submitting questions.
TORONTO , Nov. 18, 2019 /CNW/ - Flower One Holdings Inc. ("Flower One" or the "Company") (FONE.CN) (FLOOF) today announced that one of the Company's subsidiaries has closed the previously announced sale-leaseback agreement with Treehouse Real Estate Investment Trust, Inc. ("Treehouse") for the Company's 25,000 square-foot indoor cultivation and production facility in North Las Vegas, including the adjacent vacant lots acquired in 2019 (collectively, the "Neeham Property"). Treehouse has purchased the Neeham property from Flower One for US$20,000,000 . Flower One, through one of its subsidiaries, has entered a lease on the Neeham Property with Treehouse for a term of 20 years with two 10-year extension options.
The uncertain regulatory environment in the U.S. has not stopped the cannabis industry from putting down roots in the secondary market. Today, more than 200 cannabis-related companies trade on OTC Markets—an alternative trading system that offers more efficient access to public markets for early stage companies—enabling companies to grow their shareholder base while creating liquidity for investors. According to Jason Paltrowitz, executive vice president, corporate services at OTC Markets, this trend is the direct result of legacy financial systems (such as exchanges) not always being receptive to emerging industries like cannabis.
TORONTO , Nov. 15, 2019 /CNW/ - Flower One Holdings Inc. ("Flower One" or the "Company") (FONE.CN) (FLOOF), today announced the closing of its previously announced marketed public offering (the "Offering") of unsecured convertible debenture units of the Company (the "Debenture Units") for aggregate gross proceeds of $20,850,000 , which includes the proceeds from the partial exercise of the Over-Allotment Option (as defined below). In connection with the Offering, the Company issued a total of 20,850 Debenture Units at a price of $1 ,000 per Debenture Unit (the "Offering Price"). The Offering was completed pursuant to an agency agreement (the "Agency Agreement") dated November 8, 2019 with Mackie Research Capital Corporation and Canaccord Genuity Corp., as co-lead agents and joint bookrunners (collectively, the "Lead Agents"), on behalf of a syndicate of agents including Industrial Alliance Securities Inc., Haywood Securities Inc., PI Financial Corp., Echelon Wealth Partners Inc. and Eight Capital (together with the Lead Agents, the "Agents").
LAS VEGAS , Nov. 13, 2019 /CNW/ - Flower One Holdings Inc. ("Flower One" or the "Company") (CSE: FONE) (OTCQX: FLOOF) – Nevada's largest cultivator, producer, and full-service brand fulfillment partner – today announced a new brand partnership agreement with premier Southern California cannabis brand 22Red, marking its first out-of-state expansion. 22Red, founded by world famous rock n' roll band, System Of A Down's bassist, Shavo Odadjian, has become known for its brand authenticity and proprietary genetics. "Having 22Red choose Flower One as their brand fulfilment partner is further validation of our state-of-the-art operations in Nevada ," said Salpy Boyajian , Vice President of Nevada Operations at Flower One.
TORONTO , Nov. 8, 2019 /CNW/ - Flower One Holdings Inc. ("Flower One" or the "Company") (FONE.CN) (FLOOF) today announced it has filed a prospectus supplement dated November 8, 2019 (the "Prospectus Supplement") in connection with its previously announced public offering of up to 20,000 convertible debenture units (the "Debenture Units") of the Company for aggregate gross proceeds to the Company of up to $20,000,000 (the "Offering") at a price of $1,000 per Debenture Unit. 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 (collectively, the "Lead Agents"), and on behalf of a syndicate of agents, including Industrial Alliance Securities Inc., Haywood Securities Inc., PI Financial Corp., Eight Capital, and Echelon Wealth Partners Inc. (together with the Lead Agents, the "Agents").
TORONTO , Nov. 6, 2019 /CNW/ - Flower One Holdings Inc. ("Flower One" or the "Company") (FONE.CN) (FLOOF) is pleased to announce the price and terms of its marketed public offering previously announced on November 4, 2019 (the "Offering"). The Offering will be conducted on an agency basis for the issuance of up to 20,000 convertible debenture units (the "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 (collectively, the "Lead Agents"), and on behalf of a syndicate of agents, including Industrial Alliance Securities Inc., Haywood Securities Inc., PI Financial Corp., Eight Capital, and Echelon Wealth Partners Inc. (together with the Lead Agents, the "Agents").
TORONTO , Nov. 4, 2019 /CNW/ - Flower One Holdings Inc. ("Flower One" or the "Company") (FONE.CN) (FLOOF) is pleased to announce that it is commencing an overnight marketed offering (the "Offering") of convertible debenture units (the "Debenture Units") of the Company. In connection with the Offering, the Company intends to file a prospectus supplement (the "Prospectus Supplement") to the Company's short form base shelf prospectus dated October 22, 2019 (the "Shelf Prospectus"), with the securities regulatory authorities in each of the provinces of Canada , other than Québec.
LAS VEGAS , Nov. 4, 2019 /CNW/ - Flower One Holdings Inc. ("Flower One" or the "Company") (CSE: FONE) (OTCQX: FLOOF) – Nevada's largest cultivator, producer, and full-service brand fulfillment partner, announced today that sales from its current operations are tracking strong with a compound weekly growth rate of 15% since the first official sale out its flagship greenhouse facility on August 5, 2019 . The Company is projecting to reach positive cash flow during the first half of 2020. Flower One's continued success with the rapid execution of its Nevada operations is allowing the Company to pursue measured expansion into California where it has commenced negotiations to purchase a 50-acre site, with an option to purchase up to an additional 150 acres adjacent to the initial site.
Flower One Holdings Inc. (CSE: FONE) (OTC: FLOOF) announced Monday it has partnered with the California-based cannabis brand Cookies to produce its products and sell them across Nevada starting early in 2020. The cannabis cultivator said all of Cookies’ brands will be be produced, including Cookies, Runtz and Minntz, Poerzzzup and Grandiflora. "We are thrilled to bring Cookies to Nevada," Kellen O'Keefe, chief strategy officer at Flower One, said in a statement.
Public Cannabis Company Executives shared vision, answered questions at VirtualInvestorConferences.com NEW YORK , Nov. 1, 2019 /PRNewswire/ -- Virtual Investor Conferences, in partnership with the Canadian ...
Flower One Holdings (CSE: FONE) (OTCQX: FLOOF) has announced that its brand partner has become the top-performing cannabis flower brand in Nevada. According to Headset, a cannabis industry analytics services provider, Old Pal is now the top-performing cannabis flower brand in Nevada. Flower One is licensed to produce and distribute the entire Old Pal product line. MYM […]The post Cannabis Stock News Weekend Roundup October 27 appeared first on Market Exclusive.
LAS VEGAS , Oct. 24, 2019 /CNW/ - Flower One Holdings Inc. ("Flower One" or the "Company") (CSE:FONE) (OTCQX:FLOOF), Nevada's leading cannabis cultivator, producer, and full-service brand fulfillment partner, announced today, the newly acquired #1 Flower Brand Status of Old Pal, one of Flower One's leading brand partners. According to Headset, a leading cannabis industry analytics services provider, Old Pal is now the top-performing cannabis flower brand in the state of Nevada . "Both teams have worked very hard to make Old Pal the #1 flower brand in the state," said Salpy Boyajian , Vice President of Nevada Operations of Flower One.
Public Cannabis Company Executives share vision, answer questions live at VirtualInvestorConferences.com NEW YORK , Oct. 23, 2019 /PRNewswire/ -- Virtual Investor Conferences, in partnership with the Canadian ...