Owner of Nevada's Largest Cannabis Cultivation and Production Facility Lists on the OTCQB Marketplace
TORONTO, Nov. 6, 2018 /CNW/ - Flower One Holdings Inc. (CSE: FONE) ("Flower One" or the "Company"), owner of Nevada's largest cannabis cultivation and production facility, is pleased to announce that it will begin trading today in the United States on the OTCQB marketplace under the symbol "FLOOF".
"Today's listing on the OTCQB reaffirms our commitment to improving the Company's visibility and exposure in the United States," said Flower One's President and CEO, Ken Villazor. "We believe that trading on OTCQB will further broaden the Company's shareholder base by allowing prospective U.S.-based investors to more readily obtain information and access through a domestic trading platform. Flower One is sharply focused in the U.S. cannabis sector and this listing is vital to our overall growth strategy as a public company."
Going forward, U.S. investors will be able to find current financial disclosures and Real-Time Level 2 quotes for FLOOF on www.otcmarkets.com.
Informational Purposes Only
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the Flower One's securities to, or for the account or benefit of, persons in any jurisdiction.
About Flower One Holdings Inc. (CSE: FONE)
Home to the largest commercial scale greenhouse in the State of Nevada, Flower One aims to leverage the industry's leading agricultural technologies, utilizing innovative growing and sustainability practices to cultivate high-quality cannabis at scale for Nevada's growing cannabis market. The Company is licensed for medical marijuana cultivation and production, and recreational marijuana cultivation and production in the state of Nevada. Once canopied, targeted Q1 2019, the 455,000 square foot facility will be used for cannabis cultivation as well as the processing, production and high-volume packaging of dry flower, cannabis oils, concentrates and infused products.
Sustainably-cultivated cannabis at scale to meet Nevada's growing demand, Flower One is ready to grow for you.
Cautionary Note regarding Forward Looking Information
Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in Flower One's public documents. When used in this news release, words such as "will, could, plan, estimate, expect, intend, may, potential, believe, should," and similar expressions, are forward- looking statements.
Forward-looking statements may include, without limitation, statements relating to the execution of the Company's strategy, new opportunities, future growth, future retail presence and potential benefits of retail strategy, potential capabilities of the cultivation and processing facility in Nevada, potential shareholder base, future demand for and pricing of cannabis, and profitability of the cannabis market in the United States.
Although Flower One has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended, including, but not limited to: dependence on obtaining regulatory approvals; investing in target companies or projects that are engaged in activities currently considered illegal under US federal law; changes in laws; limited operating history; reliance on management; requirements for additional financing; competition; hindering market growth and state adoption due to inconsistent public opinion and perception of the medical-use and adult-use marijuana industry and; regulatory or political change.
There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. As a result of these risks and uncertainties, the results or events predicted in these forward-looking statements may differ materially from actual results or events.
Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this release. Flower One Holdings disclaims any intention or obligation to update or revise such information, except as required by applicable law.
SOURCE Flower One Holdings Inc.
For further information: please contact: Investor Relations & Media: NATIONAL Capital Markets, T: 416.848.9835, E: [email protected]; Flower One Holdings Inc., Ken Villazor, President and CEO, T: 416.913.9642