Fire & Flower Holdings (TSX: FAF) continues to see Alimentation Couche-Tard (TSX: ATD.B) slowly increase its holdings of the company in relation to certain outstanding warrants. The company this morning announced the full exercise of outstanding warrants labeled as being Series A-2.
The company has seen a total of 10,505,779 Series A-2 warrants, which were set to expire on December 31, 2020. The exercise consisted of all warrants within the classification, however filings do indicate that ACT had previously agreed to exercise them by the end of the month.
No additional warrants have been agreed to be exercised by the firm, with further warrant exercises now likely to be based upon the performance of the company. The next set, referred to as Series A-3, expire on June 30, 2021, and consist of 10.5 million warrants with an exercise price of $0.93 per share.
The warrant exercise collectively brought in an additional $8.7 million to company coffers, with the shares being issued at a price of $0.83 each.
Fire & Flower Holdings last traded at $0.90 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
Excellent move from Couche Tard…slowly getting in a Position to buy the F@F shares later iff they continue to do their good work.