Fire & Flower Holdings Corp., a leading, technology-powered, cannabis retailer today announced that, in connection with the potential additional listing of the common shares in the capital of the Company (the “Shares”) on the Nasdaq, it has filed articles of amendment implementing a consolidation of the Shares on the basis of ten (10) pre-consolidation Shares for every one (1) post-consolidation share (the “Consolidation”). The Consolidation was previously approved by the Company’s shareholders at its annual and special meeting of shareholders held on June 9, 2021. The share consolidation is an important step in our U.S. expansion strategy. It enables Fire & Flower to qualify for a listing on the NASDAQ and expand its shareholder base which, in turn, provides the Company with increased flexibility and enhanced liquidity to accelerate its strategic growth plans. “Along with our previously announced acquisitions of trusted cannabis strain information destination, Wikileaf (www.wikileaf.com) and best-in-class dispensary, culture and cannabis marketplace, PotGuide in Denver, Colorado (www.potguide.com), the share consolidation is the next important step in our U.S. expansion strategy. We look forward to completing the listing in the upcoming weeks as we announce the continued growth of our cannabis consumer technology platform and execution on our asset-light business model,” said Trevor Fencott, CEO of Fire & Flower.
Published Ncv Newswire, New Cannabis Ventures, 11/29/2021 08:27:00