LAS VEGAS — Flower One Holdings Inc. (“Flower One” or the “Company”) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), the leading cannabis cultivator and producer in Nevada, today provides its third bi-weekly status report further to the Company’s press release dated May 4, 2022. The Company was granted a customary management cease trade order (the “MCTO“) under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“). As previously announced, the application for the MCTO was made by the Company in order to secure additional time for the Company to file its audited annual financial statements for the year ended December 31, 2021, the related management’s discussion and analysis, and certificates of its CEO and CFO (collectively the “Annual Filings“). The MCTO prohibits all trading in securities of the Company, whether directly or indirectly, by the Company’s CEO and CFO. The MCTO does not affect the ability of other shareholders to trade in the securities of the Company.
In connection with the issuance of the MCTO, and in accordance with its obligation to provide bi-weekly updates under the alternative information guidelines set out in NP 12-203, the Company confirms that (i) there has been no material change to the information relating to the Company’s delay in making the Annual Filings since its news release on May 4, 2022 that has not been generally disclosed; (ii) there has been no failure by the Company in…
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