Flower One Announces Filing of Final Prospectus for its $50 Million Public Offering

Published: March 26, 2019

Flower One Announces Filing of Final Prospectus for its $50 Million Public Offering

Flower One Holdings Inc. has filed and received receipt for a final short form prospectus of the Company dated March 22, 2019 in connection with the best efforts marketed public offering of a minimum and a maximum of 50,000 convertible debenture units of the Company at a price of $1,000 per Debenture Unit, for a maximum gross proceeds of $50,000,000.

As part of the Offering, the Agents (as defined below) have been granted an over-allotment option (the “Over-Allotment Option”) in respect of: (i) additional Debenture Units (each an “Over-Allotment Unit”); (ii) additional Convertible Debentures (each an “Additional Debenture”) at a price of $824.51 per such Additional Debenture; (iii) additional Warrants (each an “Additional Warrant”) at a price of $0.914 per Additional Warrant; or (iv) any combination thereof; provided that the aggregate number of Additional Debentures and Additional Warrants which may be issued under the Over-Allotment Option (including those comprising Over-Allotment Units) does not exceed 7,500 Additional Debentures or 1,440,000 Additional Warrants, respectively.