Flower One Holdings Inc. (“Flower One” ) a leading cannabis cultivator, producer, and innovator in Nevada, announced today it made the interest payments that were due on December 31, 2020, related to its unsecured convertible debentures issued in March 2019 and November 2019 (collectively the “Debentures”). Payments of CAD$2,017,375.50 and CAD$440,610.00, respectively, were made by the Company before the end of the 30-day grace periods in accordance with the applicable indentures. “In addition to making these interest payments, we engaged legal and financial advisors to continue discussions with the Debenture holders regarding a potential restructuring transaction,” stated Kellen O’Keefe, Flower One’s President and Interim Chief Executive Officer (CEO).

Mmp News Author, Medical Marijuana Program Connection, 02/03/2021 04:10:00

Open article: https://mmpconnect.com/flower-one-makes-convertible-debenture-interest-payments/