Tag: Flower One

StaffOctober 18, 2022
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BusinessDaily Hit

The Daily Hit: October 18, 2022

5min00
The Daily Hit is a recap of cannabis business news for Oct. 18, 2022. ON THE SITE Flower One Files for Canadian Bankruptcy, Plans to Go Private After the markets closed on Monday, Flower One Holdings (CSE: FONE) (OTC: FLOOF) announced that it and its Canadian subsidiaries obtained an Initial Order of the Supreme Court of […]
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StaffOctober 17, 2022
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BusinessDaily Hit

The Daily Hit: October 17, 2022

4min00
The Daily Hit is a recap of cannabis business news for Oct. 17, 2022. ON THE SITE Cantor Ranks Potential M&A Cannabis Targets The cannabis M&A market may be on pause for now as companies cross their fingers for some sort of banking relief. “Uncertainty around SAFE Plus will probably delay M&A activity until after […]
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Debra BorchardtJuly 25, 2022
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BusinessPublic

Flower One Reports Dramatic Drop in Revenue

5min00
Late on Friday after the market closed, Flower One Holdings Inc. (CSE: FONE) (OTCQX: FLOOF) announced its financial results for the first quarter ending March 31, 2022. Revenue fell 21% to $8.9 million from last year’s $13.8 million for the same time period. This missed the Yahoo Finance analyst estimates for revenue of $13.1 million. […]
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StaffMay 10, 2021
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Business

Flower One Says First Quarter Revenue Is $13.5 Million

4min00
Flower One Holdings Inc. (OTCQX: FLOOF) announced unaudited preliminary first-quarter revenue guidance of $13.5 million. Flower One said that it expects to announce the date for its filing of the fiscal 2020 year and first quarter 2021 in the coming weeks. The company hasn’t reported results since the third quarter ending in September 2020 when […]
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Debra BorchardtJanuary 27, 2021
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Business

Flower One Names New CEO, Restructures Debt

6min00
Flower One Holdings Inc.  (OTCQX: FLOOF) completed an initial debt restructuring, closed on $10 million of a non-brokered convertible debenture offering that could rise to $25 million, and made changes to its Board of Directors and executive management team. The company recently defaulted on payments such as $262,500 due on January 1, 2021 in connection with […]
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Debra BorchardtOctober 13, 2020
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Business

Flower One Says Revenue Is Better Than Expected

4min00
Flower One Holdings Inc. (CSE: FONE) (OTCQX: FLOOF) announced preliminary third-quarter revenue of $11.5 million surpassing its Q3 2020 revenue guidance range of $9.8 million and $10.8 million. The company did not state whether it had any profits or net losses. Flower One said it continues to expect its third-quarter gross margin to be in line with its previous guidance […]
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