Fire & Flower to issue shares for 8% convertibles interest payment

By Sarah Lizee

Olympia, Wash., July 31 – Fire & Flower Holdings Corp. said it will issue 615,058 common shares to holders of its 8% unsecured convertible debentures in satisfaction of C$793,424.66 interest payable to holders of the debentures on July 31, according to a press release.

The issuance of common shares in lieu of cash is in line with the terms of an amended and restated debenture indenture entered into between Fire & Flower Inc. and Computershare Trust Co. of Canada dated as of Feb. 13.

Edmonton, Alta.-based Fire & Flower is a cannabis retailer.

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