Fire & Flower Shareholders Approve Revised Couche-Tard Strategic Investment Terms

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Fire & Flower Announces Voting Results from Special Meeting of Shareholders

EDMONTON, AB, Sept. 15, 2020 /CNW/ – Fire & Flower Holdings Corp. (“FFHC”, “Fire & Flower” or the “Company”) (TSX: FAF) (OTCQX: FFLWF), today announced the voting results from its special meeting of the Company’s shareholders (the “Shareholders”), held earlier today (the “Meeting”). The Company is pleased to announce that all matters put forward before the Shareholders for consideration and approval as set of in the Company’s Management Information Circular dated August 10, 2020 (the “Circular”), were approved.

At the Meeting the Shareholders approved:

  • amendments to certain securities of the Company issued to 2707031 Ontario Inc., an indirect wholly-owned subsidiary of Alimentarion Couche-Tard Inc.; and
  • the issuance of up to an additional 2,600,000 common shares of the Company in satisfaction of certain interest that may be payable on up to $28,000,000 principal amount of 8.0% secured convertible debentures of the Company.

each as further set out in the Circular.

The Company has filed a report of the voting results on all resolutions voted on the Meeting on the Company’s SEDAR profile at www.sedar.com.

About Fire & Flower

Fire & Flower is a leading purpose-built, independent adult-use cannabis retailer poised to capture significant Canadian market share. The Company guides consumers through the complex world of cannabis through education-focused, best-in-class retailing while the Hifyre™ digital platform connects consumers with cannabis products. The Company’s leadership team combines extensive experience in the cannabis industry with strong capabilities in retail operations.

Fire & Flower Holdings Corp. owns all issued and outstanding shares in Fire & Flower Inc., a licensed cannabis retailer that owns or has interest in cannabis retail store licences in the provinces of Alberta, Saskatchewan, Manitoba and Ontario and the Yukon territory.

Through its strategic investment with Alimentation Couche-Tard Inc., the Company has set its sights on the global expansion as new cannabis markets emerge.

Original press release

Published by NCV Newswire
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