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 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.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.
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.