Fire & Flower Holdings Corp. announced that it has engaged a financial advisor to assist the Company with reviewing strategic options including financing options. As disclosed in the Company’s interim financial statements and management discussion and analysis released on May 15, 2023, the Company will require additional financing and is actively pursuing financing options to raise additional capital in order to fund its operations, meet its future growth targets and continue to operate as a going concern. There is no assurance that these initiatives will be successful, timely or sufficient.
Reference is made to Fire & Flower’s financial statements and management discussion and analysis which are available on Fire & Flower’s SEDAR profile at www.sedar.com and on Fire & Flower’s website at https://investors.fireandflower.com including the disclosure under “Liquidity and Capital Resources” in the Company’s interim management discussion and analysis and “Note 1-Nature of Operations and Going Concern” in the Company’s interim financial statements.
About Fire & Flower
Fire & Flower is a leading, technology-powered, adult-use cannabis retailer with more than 90 corporate-owned stores in its network. The Company leverages its wholly-owned technology development subsidiary, Hifyre, to continually advance its proprietary retail operations model while also providing additional independent high-margin revenue streams. Fire & Flower guides consumers through the complex world of cannabis through education-focused, best-in-class retailing while the Hifyre digital retail and analytics platform empowers retailers to optimize their connections with consumers. The Company’s leadership team combines extensive experience in the technology, logistics, cannabis and retail industries.
