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Flower One Upgraded to the OTCQX Best Market in the U.S.

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Flower One Holdings Inc. (the “Company“) (CSE: FONE) (OTCQX: FLOOF), a leading cannabis cultivator, producer and innovator in Nevada,  is pleased to announce that its common shares are now trading on  the  OTCQX® Best Market under the symbol “FLOOF”, having graduated from the  OTCQB® Venture Market.

U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com. Flower One’s common shares continue to trade on its primary exchange, the Canadian Securities Exchange, under the symbol “FONE”.

“Graduating to the OTCQX Market is yet another milestone achieved as we continue to execute our focused growth plan in Nevada,” said Ken Villazor, President and CEO of Flower One. “Our continued success in executing our plan has led to increasing capital market interest in our unique business model, our corporate vision and our future in the U.S. cannabis market. We have witnessed increased U.S. trading volumes since we began trading on the OTCQB® Venture Market, so upgrading today to the OTCQX is a welcome progression offering our shareholders increased cross-border liquidity as well as further increasing our visibility and shareholder exposure in the United States.”

The OTCQX Best Market is OTC Markets Group’s premier market for established, investor-focused U.S. and international companies. To be eligible, companies must meet high financial standards, follow best practice corporate governance, demonstrate compliance with relevant U.S. securities laws, be current in their disclosure, and have an introduction from a professional third-party sponsor.

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“We are pleased to welcome Flower One Holdings to the OTCQX Best Market,” said Jason Paltrowitz, EVP of Corporate Services at OTC Markets Group. “Cross-trading on the OTCQX Market will provide Flower One, a constituent of the Canadian Securities Exchange’s CSE25 Index, with more efficient access to research and trading among U.S. investors.”

“The Canadian Securities Exchange congratulates Flower One on their graduation from the OTCQB Market to the OTCQX Market,” said Richard Carleton, CEO of the CSE. “Canadian issuers taking advantage of the opportunities afforded by the OTC Markets Group can see a reduction in their cost of capital through increased U.S. liquidity.”

 

SOURCE Flower One Holdings Inc.

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