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INVESTOR NEWSLETTER – JANUARY 2021
CSE: FONE  •  OTCQX: FLOOF  •  FSE: F11
Flower One Announces Changes to the Board of Directors and Executive Management, Initial Debt Restructuring and the Initial Closing of over US$10 million and up to US$25 million in Convertible Debenture Financing
 
  • Kellen O'Keefe appointed to President, Interim CEO & member of Board of Directors
  • Salpy Boyajian appointed to Executive Vice President & Chairman of the Board
  • Mitchell Kahn appointed to Flower One Board of Directors
  • Eliza Gairard appointed to Flower One Board of Directors
  • Initial debt restructuring through modified agreements with secured lender
  • Reduction of short-term debt through conversion of debt to equity from two other lenders
 
MEET THE FLOWER ONE TEAM
MITCHELL KAHN  |  BOARD OF DIRECTORS
Mitchell Kahn co-founded Grassroots Cannabis, the largest private, vertically-integrated, multi-state operator in the United States at the time of its sale in July, 2020 to Curaleaf for approximately US$830,000,000. Mr. Kahn has more than 20 years of senior executive experience in areas including real estate and cannabis. He currently serves on the Board of Curaleaf and is Principal and CEO of Frontline Real Estate Partners, for which he is also a Founder, and previously served as President and CEO of Hilco Real Estate. Mr. Kahn is a CPA, as well as an attorney who formerly practiced real estate law. He is a graduate of the University of Wisconsin, School of Business and Northwestern University, School of Law.

“I am excited about the opportunity to join Kellen and the team at Flower One to help them navigate the challenges of this dynamic business. The Company has one of the premier cultivation assets in the country and the team has taken the first steps to address the structural challenges it has faced in the past. I look forward to being able to combine my extensive cannabis and restructuring experience at Flower One.” - Mitchell Kahn
JANUARY 2021 INVESTOR PRESENTATION
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