Newsfile Corp.
Wed, December 2, 2020, 9:46 PM EST·4 min read
https://finance.yahoo.com/news/acquisition-securities-fire-flower-holdings-024600804.html
Toronto, Ontario--(Newsfile Corp. - December 2, 2020) - On December 1, pursuant to an arm's length share purchase agreement (the "Share Purchase Agreement"), Fire & Flower Holdings Corp. ("FAF") acquired all of the outstanding shares of Friendly Stranger Holdings Corp. ("FSHC") from FSHC's shareholders including Green Acre Capital Fund II (Canada) LP, Green Acre Capital Fund II (Listed) LP and Green Acre Capital Fund II (Non-Resident) LP (collectively, the "Green Acre Entities") in exchange for common shares of FAF.
Prior to the closing of the transaction contemplated by the Share Purchase Agreement, the Green Acre Entities held convertible debentures of FAF in the principal amount of $8,000,000 (the "Convertible Debentures") which are convertible into 16,000,000 common shares of FAF at a price of $0.50 per share representing 7% of the outstanding common shares of FAF (including the common shares to be issued upon conversion of the Convertible Debentures). Pursuant to the terms of the Share Purchase Agreement, the Green Acre Entities have acquired control of an aggregate of 14,852,830 common shares of FAF at a deemed value of $0.8034 per share representing 7% of the outstanding shares and, upon conversion of the Convertible Debentures, the Green Acre entities will control an aggregate of 30,852,830 common shares of FAF representing 13.6% of the outstanding common shares of FAF (including the common shares to be issued upon conversion of the Convertible Debentures).
The Green Acre Entities acquired the securities for investment purposes and may, depending on market and other conditions, increase or decrease its beneficial ownership, control or direction over securities of FAF through market transactions, private agreements, treasury issuances, exercise of warrants or otherwise.
The Green Acre Entities' head office is located at 2 Bloor St. W., Suite 1805, Toronto, Ontario, M4W 3E2. GA is formed under the province of Ontario and its principal business is investments. A copy of the Early Warning Report will appear under the profile of FAF on the SEDAR website at www.sedar.com. FAF's head office is located at 130 King Street West, Suite 2500, Toronto, Ontario, M5X 1C8.
For further information or to obtain a copy of the Early Warning Report, please contact: Matt Shalhoub, 416-639-9690 or mshalhoub@greenacrecapital.ca.
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
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM