{"id":407294,"date":"2021-01-04T07:03:39","date_gmt":"2021-01-04T12:03:39","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=407294"},"modified":"2021-01-04T07:03:39","modified_gmt":"2021-01-04T12:03:39","slug":"flower-one-announces-richard-groberg-as-interim-chief-financial-officer","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/flower-one-announces-richard-groberg-as-interim-chief-financial-officer\/","title":{"rendered":"Flower One Announces Richard Groberg as Interim Chief Financial Officer"},"content":{"rendered":"

<\/p>\n

Flower One Announces Richard Groberg as Interim Chief Financial Officer<\/b><\/p>\n

LAS VEGAS & TORONTO–(BUSINESS WIRE<\/a>)–
\nFlower One Holdings Inc. (\u201cFlower One\u201d or the \u201cCompany\u201d) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), a leading cannabis cultivator, producer and innovator in Nevada, appointed Richard Groberg as Interim CFO, replacing David Kane in this role.\n<\/p>\n

\nMr. Groberg joins Flower One as an accomplished financial executive with a long and successful track record of working with entrepreneurs in a wide range of companies from start-ups to turnarounds to high-growth, multi-unit operations. Mr. Groberg’s cumulative track record of public and private capital raises (both equity and debt) plus M&A transactions exceeds $2 billion across several decades \u2013 with a recent focus on building and managing the back-office operations of early-stage and high-growth companies. Mr. Groberg has resided in Las Vegas since 2006 and, since early 2017, has worked with a number of public and private cannabis companies.<\/span> Mr. Groberg has an M.B.A. in Finance from Fordham University.\n<\/p>\n

\n\u201cWe look forward to leveraging Richard\u2019s broad and extensive range of finance, accounting, investment banking, capital markets and operational experience,\u201d said Ken Villazor, the Company\u2019s President and CEO. \u201cRichard is an accomplished and experienced financial executive who is highly team oriented in the way he approaches the integration of finance with operations. His strong leadership style along with his broad relationships and understanding of the local Nevada market are very complementary to the Company\u2019s strategic direction and priorities.\u201d\n<\/p>\n

About Flower One Holdings Inc.<\/b><\/p>\n

\nFlower One is the largest cannabis cultivator, producer, and full-service, brand fulfillment partner in the state of Nevada. By combining more than 20 years of greenhouse operational excellence with best-in-class cannabis operators, Flower One offers consistent, reliable and scalable fulfillment to a growing number of industry-leading cannabis brands. Flower One currently produces a wide range of products ranging from wholesale flower, full-spectrum oils, and distillates to finished consumer packaged goods including: flower, pre-rolls, infused pre-rolls, concentrates, edibles, and topicals for the top-performing brands in cannabis. Flower One\u2019s flagship, 400,000 square-foot greenhouse and 55,000 square-foot production facility is used for large-scale cannabis cultivation, processing and manufacturing. Flower One also operates a second production facility with 25,000 square-feet of indoor cultivation and a commercial kitchen that produce several of the nation\u2019s top-performing edible brands.\n<\/p>\n

\nThe Company\u2019s common shares are traded on the Canadian Securities Exchange under the Company\u2019s symbol “FONE,” in the United States on the OTCQX Best Market under the symbol “FLOOF” and on the Frankfurt Stock Exchange under the symbol \u201cF11.\u201d For more information, visit: https:\/\/flowerone.com<\/a>.<\/b><\/p>\n

Forward Looking Statement<\/b><\/p>\n

\nStatements in this press release that are not statements of historical or current fact constitute “forward-looking information” within the meaning of Canadian securities laws and “forward-looking statements” within the meaning of United States securities laws (collectively, “forward-looking statements”). Such forward-looking statements involve known and unknown risks, uncertainties, and other unknown factors that could cause the actual results of the Company to be materially different from historical results or from any future actual results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms “believes,” “belief,” “expects,” “intends,” “anticipates,” “potential,” “should,” “may,” “will,” “plans,” “continue” or other similar expressions to be uncertain and forward-looking.\n<\/p>\n

\nForward-looking statements may include, without limitation, statements relating to Mr. Groberg\u2019s ability to leverage his industry knowledge, extensive capital raising expertise and strong relationships with key industry leaders and institutional investors to the benefit of Flower One; the Company\u2019s continued success; the Company’s leadership as a cannabis cultivator, producer, innovator and full-service brand fulfillment partner in Nevada; the Company’s ability to offer consistent, reliable and scalable fulfillment to its brand partners; the Company\u2019s growing number of industry-leading cannabis brands; and the scale and capacity of Flower One’s cultivation, processing, and manufacturing.\n<\/p>\n

\nThe Company is indirectly involved in the manufacture, possession, use, sale and distribution of cannabis in the recreational and medicinal cannabis marketplaces in the United States through its subsidiary Cana Nevada Corp. Local state laws where Cana Nevada Corp. operates permit such activities; however, these activities are currently illegal under United States federal law. Additional information regarding this and other risks and uncertainties relating to the Company\u2019s business are contained under the heading “Risk Factors” in the Company\u2019s Management Discussion and Analysis dated September 30, 2020 (the “MD&A”) filed on its issuer profile on SEDAR at www.sedar.com<\/a>.\n<\/p>\n

\nThe forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement, the “Cautionary Statement regarding Forward-Looking Information” section contained in the Annual Information Form. All forward-looking statements in this press release are made as of the date of this press release. The forward-looking statements contained herein are also subject generally to assumptions and risks and uncertainties that are described from time to time in the Company\u2019s public securities filings with the Canadian securities commissions, including the Company\u2019s Annual Information Form.\n<\/p>\n

\nAlthough Flower One has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended, including, but not limited to: dependence on obtaining regulatory approvals; investing in target companies or projects that are engaged in activities currently considered illegal under United States federal law; changes in laws; limited operating history; reliance on management; requirements for additional financing; competition; hindering market growth and state adoption due to inconsistent public opinion and perception of the medical-use and adult-use marijuana industry and; regulatory or political change.\n<\/p>\n

\nAccordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this release. Flower One Holdings disclaims and does not undertake any intention or obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.\n<\/p>\n

\nNEITHER THE CANADIAN SECURITIES EXCHANGE NOR THEIR REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210104005202\/en\/<\/a><\/span><\/p>\n

Flower One Investor Relations:
\n<\/span>
ir@flowerone.com<\/a><\/p>\n

Flower One:
\n<\/span>
Kellen O\u2019Keefe, Chief Strategy Officer
\n
702.660.7775
\n
kellen@flowerone.com<\/a><\/p>\n

\nKen Villazor, President and CEO
\n
416.200.7641
\n
kvillazor@flowerone.com<\/a><\/p>\n

KEYWORDS:<\/b> Nevada United States North America Canada<\/p>\n

INDUSTRY KEYWORDS:<\/b> Retail Other Retail Tobacco Agriculture Specialty Natural Resources<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Flower One Announces Richard Groberg as Interim Chief Financial Officer LAS VEGAS & TORONTO–(BUSINESS WIRE)– Flower One Holdings Inc. (\u201cFlower One\u201d or the \u201cCompany\u201d) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), a leading cannabis cultivator, producer and innovator in Nevada, appointed Richard Groberg as Interim CFO, replacing David Kane in this role. Mr. Groberg joins Flower One as an accomplished financial executive with a long and successful track record of working with entrepreneurs in a wide range of companies from start-ups to turnarounds to high-growth, multi-unit operations. Mr. Groberg’s cumulative track record of public and private capital raises (both equity and debt) plus M&A transactions exceeds $2 billion across several decades \u2013 with a recent focus on building and managing the … <\/p>\n

Continue reading “Flower One Announces Richard Groberg as Interim Chief Financial Officer”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-407294","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nFlower One Announces Richard Groberg as Interim Chief Financial Officer - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/flower-one-announces-richard-groberg-as-interim-chief-financial-officer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Flower One Announces Richard Groberg as Interim Chief Financial Officer - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Flower One Announces Richard Groberg as Interim Chief Financial Officer LAS VEGAS & TORONTO–(BUSINESS WIRE)– Flower One Holdings Inc. (\u201cFlower One\u201d or the \u201cCompany\u201d) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), a leading cannabis cultivator, producer and innovator in Nevada, appointed Richard Groberg as Interim CFO, replacing David Kane in this role. Mr. Groberg joins Flower One as an accomplished financial executive with a long and successful track record of working with entrepreneurs in a wide range of companies from start-ups to turnarounds to high-growth, multi-unit operations. Mr. Groberg’s cumulative track record of public and private capital raises (both equity and debt) plus M&A transactions exceeds $2 billion across several decades \u2013 with a recent focus on building and managing the … Continue reading "Flower One Announces Richard Groberg as Interim Chief Financial Officer"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/flower-one-announces-richard-groberg-as-interim-chief-financial-officer\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-04T12:03:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210104005202r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/flower-one-announces-richard-groberg-as-interim-chief-financial-officer\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/flower-one-announces-richard-groberg-as-interim-chief-financial-officer\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Flower One Announces Richard Groberg as Interim Chief Financial Officer\",\"datePublished\":\"2021-01-04T12:03:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/flower-one-announces-richard-groberg-as-interim-chief-financial-officer\\\/\"},\"wordCount\":1103,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/flower-one-announces-richard-groberg-as-interim-chief-financial-officer\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20210104005202r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/flower-one-announces-richard-groberg-as-interim-chief-financial-officer\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/flower-one-announces-richard-groberg-as-interim-chief-financial-officer\\\/\",\"name\":\"Flower One Announces Richard Groberg as Interim Chief Financial Officer - 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