Subscribe Past Issues RSS Translate View this email in your browser INVESTOR NEWSLETTER – JUNE 2020 CSE: FONE • OTCQX: FLOOF • FSE: F11 Strong Fourth Quarter Caps Transformational 2019 Year Fourth Quarter Highlights Revenue was $5.8 million, with sequential quarterly growth of 132%; Improved upon industry-leading lowest cost per gram with an average harvested cash cost of $0.40 per gram, a reduction of 10% since Q3-19; Gross margin of 44% representing a strong increase from the reported gross margin of 25% in Q3; and, Launched three brands into the market and signed Cookies and 22Red as new partners (both expected to launch in the coming weeks). *All figures in USD Read the press release Announces Exclusive Brand Partner Agreement with Premium California Brand and Pre-Roll Innovator Lift Ticket Laboratories Through this partnership, Flower One will become the exclusive brand production partner for the Lift Tickets brand in the state of Nevada, bringing all of Lift Tickets Laboratories’ award-winning pre-roll products to Nevada. Additionally, Lift Tickets Laboratories will be implementing several industry-leading proprietary pre-roll production methods and techniques at Flower One’s flagship greenhouse facility to further enhance the Company’s pre-roll manufacturing capabilities. Read the press release Announces a Non-Brokered Private Placement for up to CDN $10,000,000 Company expects that the Offering will close on, or about, June 22nd and each unit is being offered at CDN$0.51. Net proceeds will be used for general working capital purposes. Read the press release Strengthens Balance Sheet with Significant Conversion of Debentures More than 56% of November 2019 Debentures and 26% of March 2019 Debentures have Converted to Equity, Reducing the Company’s Corporate Debt by CDN $26.6M Read the press release COMING Q3 TO NEVADA "The Cookies launch in particular will be very significant for the Company, and we could not be more excited about the prelaunch demand we are already observing in the market. We reasonably expect to complete our first round of preorders for Cookies later this week, ahead of schedule" - Ken Villazor, President & CEO at Flower One REGULATORY ROSTER Nevada Pardons More Than 15,000 People With Marijuana Convictions Under Governor’s Resolution More than 15,000 people who were convicted for low-level marijuana possession in Nevada have been automatically pardoned under a resolution from the governor that was unanimously approved by the state’s Board of Pardons Commissioners. Read the full article Virtual Town Hall of Racial Injustices of Marijuana Criminalization In a recent town hall, Senators Bernie Sanders and Corey Booker discuss the role of marijuana criminalization. Read the full article & watch the replay here FOLLOW THE FLOWER Flower One to Virtually Participate at the ProCapital Conference June 23, 2020 Flower One Virtually Presented at The Science of Cannabis Online Symposium June 18, 2020 Interested in learning more about Flower One? Visit our website for all of the latest news and company updates. Copyright © 2020 Flower One. All rights reserved. Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.