NEWS PROVIDED BY
Alimentation Couche-Tard Inc.
Sep 18, 2020, 16:00 ET
https://www.newswire.ca/news-releases/subsidiary-of-alimentation-couche-tard-inc-exercises-warrants-of-fire-amp-flower-holdings-corp--855561929.html
TORONTO, Sept. 18, 2020 /CNW/ - 2707031 Ontario Inc. ("2707"), an indirect wholly-owned subsidiary of Alimentation Couche-Tard Inc., announces that it has acquired ownership and control over 13,146,469 common shares ("Fire & Flower Shares") of Fire & Flower Holdings Corp. ("Fire & Flower") upon the exercise of 13,146,469 series A common share purchase warrants of Fire & Flower (the "Series A Warrants"), representing approximately 7.40% of the issued and outstanding Fire & Flower Shares.
Immediately prior to the exercise of 13,146,469 Series A Warrants and the acquisition of the 13,146,469 Fire & Flower Shares, 2707 held (i) 4,061,593 Fire & Flower Shares (representing approximately 2.47% of the issued and outstanding Fire & Flower Shares); (ii) $25,989,985.42 principal amount of 8% unsecured convertible debentures of Fire & Flower ("2019 Debentures"); (iii) $2,475,000 principal amount of 8% secured convertible debentures of Fire & Flower ("2020 Debentures" and, together with the 2019 Debentures, the "Debentures"); (iv) 34,158,027 Series A Warrants; (v) 67,175,541 series B common share purchase warrants of Fire & Flower (the "Series B Warrants"); and (vi) 133,390,789 series C common share purchase warrants of Fire & Flower (the "Series C Warrants" and, together with the Series A Warrants and the Series B Warrants, the "Warrants"). In the event the principal amount of the Debentures is converted in full (assuming a $0.90 conversion price for the 2019 Debentures) and all of the 234,724,357 Warrants are fully exercised, 2707 would have ownership and control over an aggregate of 272,613,711 Fire & Flower Shares (including the 4,061,593 Fire & Flower Shares referred to above). These combined holdings would represent approximately 62.95% of the outstanding Fire & Flower Shares, calculated on a partially diluted basis assuming the conversion in full of the Debentures and the full exercise of the 234,724,357 Warrants held by 2707 only (approximately 52.98% on a fully diluted basis).
Immediately after the exercise of 13,146,469 Series A Warrants and the acquisition of the 13,146,469 Fire & Flower Shares, 2707 has ownership and control over (i) 17,208,062 Fire & Flower Shares (representing approximately 9.68% of the issued and outstanding Fire & Flower Shares); (ii) $25,989,985.42 principal amount of 2019 Debentures; (iii) $2,475,000 principal amount of 2020 Debentures; and (iv) the right to acquire up to 221,577,888 Fire & Flower Shares through 221,577,888 Warrants. In the event the principal amount of the Debentures is converted in full (assuming a $0.90 conversion price for the 2019 Debentures) and all of the 221,577,888 Warrants are fully exercised, 2707 would have ownership and control over an aggregate of 272,613,711 Fire & Flower Shares (including the 17,208,062 Fire & Flower Shares referred to above). These combined holdings would represent approximately 62.95% of the outstanding Fire & Flower Shares, calculated on a partially diluted basis assuming the conversion in full of the principal amount of the Debentures and the full exercise of the Warrants held by 2707 only (approximately 52.98% on a fully diluted basis).
2707 acquired the 13,146,469 Fire & Flower Shares for investment purposes only and not with a view to materially affecting control of Fire & Flower. Depending upon market conditions and other factors, 2707 may, from time to time, acquire or dispose of additional securities of Fire & Flower, in the open market, by private agreement or otherwise, or acquire interests in or enter into related financial instruments involving a security of Fire & Flower.
The head office address of Fire & Flower is 308 – 150 King Street West, Toronto, Ontario M5H 1J9.
SOURCE Alimentation Couche-Tard Inc.
For further information: or to obtain a copy of the Early Warning Report filed by 2707, please contact Jean Marc Ayas, Manager, Investor Relations at Alimentation Couche-Tard Inc., at (450) 662-6632, ext. 4619 (investor.relations@couche-tard.com).
Related Links
https://corpo.couche-tard.com/
Recent FAF News
- First American Title’s IgniteRE™ Earns Gold at The American Business Awards® in Real Estate Management Solution Category • Business Wire • 05/02/2024 01:00:00 PM
- First American Senior Commercial Real Estate Economist Xander Snyder Named a HousingWire 2024 Rising Stars Award Winner • Business Wire • 04/30/2024 01:00:00 PM
- First American Financial Reports First Quarter 2024 Results • Business Wire • 04/24/2024 08:30:00 PM
- Houston-The Woodlands-Sugar Land Home Prices Up 5.3% Year Over Year in March, According to First American Data & Analytics Monthly Home Price Index Report • Business Wire • 04/16/2024 01:00:00 PM
- Los Angeles-Long Beach-Glendale Home Prices Up 4.2% Year Over Year in March, According to First American Data & Analytics Monthly Home Price Index Report • Business Wire • 04/16/2024 01:00:00 PM
- New York-Jersey City-White Plains, NY-NJ Home Prices Up 5.2% Year Over Year in March, According to First American Data & Analytics Monthly Home Price Index Report • Business Wire • 04/16/2024 01:00:00 PM
- Dallas-Plano-Irving Home Prices Up 3.3% Year Over Year in March, According to First American Data & Analytics Monthly Home Price Index Report • Business Wire • 04/16/2024 01:00:00 PM
- House Price Growth Continues to Cool in March, According to First American Data & Analytics Monthly Home Price Index Report • Business Wire • 04/16/2024 01:00:00 PM
- First American Financial Announces First Quarter 2024 Earnings Conference Call • Business Wire • 04/08/2024 01:00:00 PM
- First American Named One of the Fortune 100 Best Companies to Work For by Great Place to Work® and Fortune Magazine for Ninth Year in a Row • Business Wire • 04/04/2024 03:30:00 PM
- First American Title Enhances First-of-its-Kind Multisite Commercial Real Estate Transaction Closing Solution Within its ClarityFirst® Platform • Business Wire • 03/25/2024 01:00:00 PM
- Houston-The Woodlands-Sugar Land Home Prices Up 5% Year Over Year in February, According to First American Data & Analytics Monthly Home Price Index Report • Business Wire • 03/19/2024 01:00:00 PM
- Los Angeles-Long Beach-Glendale Home Prices Up 4.7% Year Over Year in February, According to First American Data & Analytics Monthly Home Price Index Report • Business Wire • 03/19/2024 01:00:00 PM
- Annualized Price Appreciation Slows for Second Straight Month, Falling by Almost a Full Percentage Point, According to First American Data & Analytics Monthly Home Price Index Report • Business Wire • 03/19/2024 01:00:00 PM
- New York-Jersey City-White Plains, NY-NJ Home Prices Up 6.3% Year Over Year in February, According to First American Data & Analytics Monthly Home Price Index Report • Business Wire • 03/19/2024 01:00:00 PM
- Dallas-Plano-Irving Home Prices Up 4.4% Year Over Year in February, According to First American Data & Analytics Monthly Home Price Index Report • Business Wire • 03/19/2024 01:00:00 PM
- First American Executive Tanya Ceperley Named a 2024 HousingWire Finance Leader • Business Wire • 03/04/2024 02:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 12:30:57 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 12:26:15 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 12:17:01 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 12:14:19 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/26/2024 11:59:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/26/2024 11:45:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/26/2024 11:37:47 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 01:26:25 AM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM