Flower One converts notes, reduces debt by C$26.6 million

Chicago, June 8 – Flower One Holdings Inc. announced that it has strengthened its balance sheet through debenture conversion and reduced the company’s corporate debt by C$26.6 million, according to a notice.

Flower One has converted more than 56% of the debentures issued Nov. 15, 2019, valued at C$20.9 million.

Additionally, the company converted 26% of the notes issued March 28, 2019, valued at C$57.5 million.

“These significant conversions of debentures have continued to reduce our corporate debt balance to the benefit of our balance sheet,” said Ken Villazor, president and chief executive officer of Flower One, in a news release.

Flower One Holdings is a Toronto-based cannabis company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.