December 7, 2022

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Business is my step

Flower One Announces Richard Groberg as Interim Chief Economical Officer

5 min read

LAS VEGAS & TORONTO–(Business enterprise WIRE)–
Flower Just one Holdings Inc. (“Flower One” or the “Company”) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), a main hashish cultivator, producer and innovator in Nevada, appointed Richard Groberg as Interim CFO, replacing David Kane in this position.

Mr. Groberg joins Flower Just one as an completed monetary govt with a extended and profitable track file of functioning with entrepreneurs in a extensive vary of corporations from commence-ups to turnarounds to significant-growth, multi-device operations. Mr. Groberg’s cumulative monitor history of community and private funds raises (both of those fairness and personal debt) additionally M&A transactions exceeds $2 billion across several many years – with a new emphasis on developing and handling the back again-workplace functions of early-stage and significant-development firms. Mr. Groberg has resided in Las Vegas given that 2006 and, given that early 2017, has worked with a quantity of general public and non-public hashish providers. Mr. Groberg has an M.B.A. in Finance from Fordham College.

“We seem forward to leveraging Richard’s broad and substantial selection of finance, accounting, expense banking, capital markets and operational expertise,” claimed Ken Villazor, the Company’s President and CEO. “Richard is an completed and professional money government who is very team oriented in the way he strategies the integration of finance with functions. His powerful leadership design and style alongside with his broad interactions and understanding of the community Nevada marketplace are pretty complementary to the Company’s strategic route and priorities.”

About Flower A single Holdings Inc.

Flower One particular is the premier hashish cultivator, producer, and full-assistance, brand achievement lover in the state of Nevada. By combining more than 20 several years of greenhouse operational excellence with finest-in-course hashish operators, Flower Just one features steady, trustworthy and scalable success to a rising amount of business-foremost hashish brand names. Flower One at present provides a extensive vary of merchandise ranging from wholesale flower, entire-spectrum oils, and distillates to completed consumer packaged products such as: flower, pre-rolls, infused pre-rolls, concentrates, edibles, and topicals for the prime-executing makes in cannabis. Flower One’s flagship, 400,000 sq.-foot greenhouse and 55,000 square-foot manufacturing facility is utilised for large-scale hashish cultivation, processing and producing. Flower A single also operates a second production facility with 25,000 square-ft of indoor cultivation and a professional kitchen that create various of the nation’s prime-accomplishing edible brands.

The Company’s frequent shares are traded on the Canadian Securities Exchange below the Company’s symbol “FONE,” in the United States on the OTCQX Most effective Marketplace less than the image “FLOOF” and on the Frankfurt Inventory Trade under the symbol “F11.” For more info, check out: https://flowerone.com.

Forward Searching Assertion

Statements in this press release that are not statements of historical or current reality constitute “forward-on the lookout info” in just the indicating of Canadian securities laws and “forward-wanting statements” in the indicating of United States securities rules (collectively, “ahead-searching statements”). Such ahead-searching statements entail recognized and not known hazards, uncertainties, and other unfamiliar factors that could bring about the actual benefits of the Enterprise to be materially distinct from historic benefits or from any future real results expressed or implied by these types of forward-on the lookout statements. In addition to statements that explicitly describe these types of hazards and uncertainties, viewers are urged to contemplate statements labeled with the conditions “believes,” “belief,” “expects,” “intends,” “anticipates,” “likely,” “need to,” “could,” “will,” “strategies,” “continue” or other comparable expressions to be uncertain and forward-wanting.

Ahead-wanting statements may well include things like, without having limitation, statements relating to Mr. Groberg’s capacity to leverage his industry expertise, comprehensive capital elevating expertise and robust interactions with crucial sector leaders and institutional traders to the reward of Flower One particular the Company’s continued results the Firm’s management as a hashish cultivator, producer, innovator and full-company model fulfillment associate in Nevada the Firm’s capacity to offer you consistent, reputable and scalable fulfillment to its brand name companions the Company’s developing number of business-main cannabis brands and the scale and capacity of Flower One’s cultivation, processing, and manufacturing.

The Company is indirectly concerned in the manufacture, possession, use, sale and distribution of hashish in the leisure and medicinal cannabis marketplaces in the United States as a result of its subsidiary Cana Nevada Corp. Area state rules the place Cana Nevada Corp. operates permit these kinds of activities on the other hand, these things to do are at this time unlawful underneath United States federal regulation. Added details relating to this and other threats and uncertainties relating to the Company’s business enterprise are contained under the heading “Chance Variables” in the Company’s Management Discussion and Examination dated September 30, 2020 (the “MD&A”) filed on its issuer profile on SEDAR at www.sedar.com.

The forward-hunting statements contained in this push release are expressly competent in their entirety by this cautionary statement, the “Cautionary Statement relating to Ahead-Wanting Details” section contained in the Once-a-year Info Sort. All forward-hunting statements in this push release are made as of the day of this push release. The ahead-hunting statements contained herein are also issue typically to assumptions and pitfalls and uncertainties that are explained from time to time in the Company’s general public securities filings with the Canadian securities commissions, which includes the Company’s Once-a-year Info Form.

Even though Flower One particular has attempted to establish crucial elements that could induce real success, efficiency or achievements to differ materially from individuals contained in the forward-searching statements, there can be other components that result in results, efficiency or achievements not to be as predicted, estimated or meant, which include, but not constrained to: dependence on acquiring regulatory approvals investing in goal firms or initiatives that are engaged in activities at present viewed as illegal below United States federal regulation variations in laws constrained working background reliance on administration prerequisites for further financing competition hindering industry development and condition adoption due to inconsistent general public belief and perception of the medical-use and adult-use cannabis marketplace and regulatory or political transform.

Appropriately, readers should really not spot undue reliance on forward-hunting statements. The ahead-looking statements in this news release are made as of the date of this launch. Flower A single Holdings disclaims and does not undertake any intention or obligation to update or revise any these kinds of ahead-on the lookout statements, irrespective of whether as a result of new info, upcoming events or otherwise, besides as needed by applicable law.

NEITHER THE CANADIAN SECURITIES Trade NOR THEIR Polices Solutions Supplier HAVE REVIEWED OR Acknowledge Obligation FOR THE ADEQUACY OR Precision OF THIS Release.

See resource model on businesswire.com: https://www.businesswire.com/news/residence/20210104005202/en/

Flower Just one Trader Relations:
[email protected]

Flower A person:
Kellen O’Keefe, Main Method Officer
702.660.7775
[email protected]

Ken Villazor, President and CEO
416.200.7641
[email protected]

Resource: Flower Just one Holdings Inc.

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