Off-market insider buying at Flower One Holdings (C:FONE)

Harry Ayvazian, a 10% Holder, acquired 50,000,000 Common Shares on a direct ownership basis at a price of US$0.100 through a prospectus or prospectus exempt offering on September 27th, 2021. The insider also acquired 50,000,000 Warrants on a direct ownership basis at an exercise price of $0.250 until September 27th, 2024. This represents a $6,318,500 investment into the company's shares and an account share holdings change of greater than 100%.

Flower One Holdings is in the Pharmaceuticals Sub Industry Group under the Healthcare Sector.

Flower One Holdings Inc, formerly known as Theia Resources Ltd, is a Canada-based company engaged in cannabis business sector. The Company is a cultivator and producer of the recreational and medical cannabis. Through its subsidiaries, the Company is focused on investments towards development of approximately 455,000 square foot greenhouse space in Nevada dedicated to cultivation, production, processing and packaging of dry flower, cannabis oils, concentrates and infused products. The Company invests in development and production of a diverse range of product derivatives ranging from pre-rolls, oils, concentrates, distillates, edibles and topical, which are distributed through different channels: direct selling to Nevada's dispensaries, wholesale, contract cultivation, production and packaging, as well as retail. Flower One Holdings Inc. (FONE) has below median officer and director direct ownership compared to its micro-cap peers in the market, based on our estimate using SEDI data. According to regulatory filings yesterday, one insider has invested a total amount of $6,318,500.