Flower One: Flower One To Be De-Listed From CSE, Completes Canadian Restructuring Transaction

Flower One Holdings Inc., together with its Canadian subsidiaries Flower One Corp. and FO Labour Management Ltd. (collectively, the "Canadian companies"), announced: The implementation of its plan of compromise, arrangement and reorganization presented to affected creditors pursuant to the Companies' Creditors Arrangement Act (Canada) and a meeting order of the Supreme Court of British Columbia ( "Canadian Court") granted on November 25, 2022, which plan was approved by the requisite majorities of affected creditors at a meeting on December 19, 2022 and sanctioned by the Canadian Court on December 21, 2022; The closing of the transactions contemplated by the plan, including a Canadian restructuring transaction pursuant to which the ...Full story available on Benzinga.com