Thursday, October 9, 2025

Latest

Fire & Flower Amends Terms Of Alimentation Couche-Tard Investment

Fire and Flower Holdings Corp (TSX: FAF) has amended the initial agreement put in place with Alimentation Couche-Tard (TSX: ATD.B) in relation to securities previously issued. Under the new agreement, maturities have been modified to enable Fire & Flower to access up to $19 million in cash by the end of 2020, months ahead of time.

A number of items under the amended agreement have been modified, summarized as follows:

  • 26.0 million in debentures, originally maturing June 30, 2021, have been extended to June 30, 2023, with the conversion price capped at $0.90 per share, rather than $1.07. The debt can be repaid early via the issuance of shares at $0.75 per share.
  • 30,634,322 series A common share purchase warrants, originally exercisable at $1.40 per share until 90 days after June 30, 2021, have been broken into three tranches.
    • 13.1 million Series A-1 warrants will now be exercisable at $0.78 per share, and will be exercised within three days of the amended agreement.
    • 10.5 million Series A-2 warrants will have an exercise price of $0.83, and an expiry of December 31, 2020.
    • 10.5 million Series A-3 warrants will be exercisable at $0.93, and an expiry of June 30, 2021.
  • Series B warrants will see the exercise price decline from $1.875 to the lesser of $1.875 and the 20 day volume weighted average price of the equity. Warrants are only exercisable after January 1, 2020 and expire September 30, 2022.
  • Series C warrants see their exercise price capped at $3.00, rather than the previous $6.00, and are the lesser of that figure and the 20 day volume weighted average price of the equity at time of exercise. Expiry is now defined as June 30, 2023.
  • All warrants expire should Alimentation not exercise a series by its deadline.

Fire & Flower Holdings last traded at $0.95 on the TSX.


Information for this briefing was found via Sedar and Fire and Flower Holdings. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

One Response

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Fire & Flower Sees Opposition in Controversial Sale Amid Bankruptcy Battle

A syndicate consisting of influential stakeholders, including the second-largest shareholder of Fire & Flower (TSX:...

Thursday, June 22, 2023, 03:50:00 PM

Fire & Flower Sees Alimentation Couche-Tard Exercise Series A-2 Warrants

Fire & Flower Holdings (TSX: FAF) continues to see Alimentation Couche-Tard (TSX: ATD.B) slowly increase...

Monday, December 21, 2020, 08:52:49 AM

Fire & Flower Surpasses Fiscal Year Projections of Cannabis Retail Locations

Fire & Flower Holdings Corp (TSX: FAF) has announced it has surpassed its end-of the-year...

Monday, January 13, 2020, 10:38:16 AM

Fire & Flower Shares Fall 5% Following Fiscal Q1 2022 Earnings

Fire & Flower Holdings Corp. (TSX: FAF) released today its financial results for the fiscal...

Tuesday, June 14, 2022, 10:15:00 AM

Fire & Flower To Acquire Friendly Stranger For $23.0 Million

Fire & Flower Holdings Corp (TSX: FAF) this morning announced that it is acquiring that...

Monday, November 2, 2020, 08:17:46 AM