/NOT FOR DISSEMINATION IN THE UNITED STATES OR
FOR DISTRIBUTION TO UNITED STATES
WIRE SERVICES/
This news release constitutes a "designated
news release" for the purposes of the Company's prospectus
supplement dated December 2, 2020 to
its short form base shelf prospectus and amended and restated base
shelf prospectus dated November 24,
2020.
TORONTO, Dec. 21, 2020 /CNW/ - Fire & Flower Holdings
Corp. ("Fire & Flower" or the
"Company") (TSX: FAF) (OTCQX: FFLWF), today
announced that 2707031 Ontario Inc., an indirect wholly-owned
subsidiary of Alimentation Couche-Tard Inc., has exercised
10,505,779 Series A-2 common share purchase warrants of the Company
(the "Warrants") at an exercise price of $0.83 per Warrant for an aggregate subscription
price of $8,719,796.57.
About Fire & Flower
Fire & Flower is a leading purpose-built,
independent adult-use cannabis retailer poised to capture
significant Canadian market share. The Company guides consumers
through the complex world of cannabis through education-focused,
best-in-class retailing while
the HifyreTM digital platform connects
consumers with cannabis products. The Company's leadership team
combines extensive experience in the cannabis industry with strong
capabilities in retail operations.
Fire & Flower is a multi-banner cannabis retail operator
that owns and operates the Fire & Flower, Friendly Stranger,
Happy Dayz and Hotbox brands.
Fire & Flower Holdings Corp. owns all issued and outstanding
shares in Fire & Flower Inc. and Friendly Stranger Holdings
Corp., licensed cannabis retailers that own and operate
cannabis retail stores in the provinces of Alberta, Saskatchewan, Manitoba and Ontario, and the Yukon territory.
Through the strategic investment of Alimentation
Couche-Tard Inc., the Company has set its sights on the global
expansion as new cannabis markets emerge.
No stock exchange, securities commission or other regulatory
authority has approved or disapproved the information contained
herein.
SOURCE Fire & Flower Holdings Corp.