Fire & Flower Closes Acquisition and Re-Opens Cannabis Retail Store in Regina, Saskatchewan

Fire & Flower Holdings Corp. (“FFHC”) (TSX: FAF) today announced that its wholly-owned subsidiary, Fire & Flower Inc. (“Fire & Flower” or the “Company”) has closed the transaction previously announced on July 22, 2019 to acquire all of the shares of a licensed retail cannabis operator in Regina, Saskatchewan from Mera Cannabis Corp. (the “Vendor”).

Fire & Flower’s Regina store will re-open on Friday, October 18 at 10:00 am local time and is located at 680 E Victoria Avenue. Fire & Flower welcomes members of the community and local media to attend the grand opening of the location on Friday morning.

“We are very pleased to be opening a Fire & Flower location in the key urban market or Regina and this store continues to strengthen our position within the Saskatchewan market,” shared Trevor Fencott, Fire & Flower’s Chief Executive Officer. “Saskatchewan continues to be a key market for Fire & Flower because of our ability to buy directly and efficiently from licensed producers through our wholesale business, Open Fields Distribution. This province provides a test market for cannabis products through the Hifyre^TM digital cannabis retail and analytics platform.”

In connection with the acquisition, the Vendor has received $1,500,000 in cash and 2,268,191 common shares of FFHC.

SOURCE Fire & Flower Holdings Corp.