Fire & Flower Holdings Corp (FAF)

[FUNMAN]

Fire & Flower Inc. - On July 26, 2018, Aphria purchased $10,000 in unsecured convertible debentures of Fire & Flower Inc. (“F&F”). The convertible debentures bear interest at 8% per annum compounded, accrued and paid semi-annually in arrears. The debentures mature on July 31, 2020, at which point, they automatically convert into common shares of F&F at the lower of $1.15 and the share price on July 31, 2020. The debentures may also be converted into a loan on July 31, 2020 bearing interest at 12%, at the holder’s option.

As at November 30, 2019, the fair value of the unsecured convertible debentures was $9,926 (May 31, 2019 - $11,166), which resulted
in a fair value gain (loss) for the three and six months ended November 30, 2019 of $(1,929)and $(1,240) (2018 - $2,455 and $2,595).



These were part of the forced conversion shares yesterday !