Ms. Kellen O'Keefe reports

FLOWER ONE APPROVES CCAA FILING

Flower One Holdings Inc. and its Canadian subsidiaries are seeking protection from the Supreme Court of British Columbia, pursuant to the Companies' Creditors Arrangement Act (CCAA). The Canadian company is seeking to appoint Pricewaterhousecoopers Inc. as the court appointed Monitor of the Canadian Company and its Canadian subsidiaries.

The decision to commence CCAA proceedings was made after careful consideration of the Canadian company's financial position and significant consultation with certain key creditors of Flower One. The CCAA proceedings are intended to facilitate a restructuring or sale of the Canadian company and the injection of additional capital, with a view of Flower One going private by the end of the 2022 calendar year, thereby eliminating the administrative burden and significant expense associated with being a publicly listed company.

During the CCAA process, the United States operations of Flower One are expected to continue in the ordinary course and without interruption.

About Flower One Holdings Inc.

Flower One is the largest cannabis cultivator, producer, and full-service brand fulfilment 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 fulfilment to a growing number of industry-leading cannabis brands (Cookies, Kiva, Old Pal, Heavy Hitters, Lift Ticket's, HUXTON and Flower One's leading in-house brand, NLVO, and more). Flower One currently produces a wide range of products from flower, full-spectrum oils and distillates to finished consumer packaged goods, including a variety of: prerolls, concentrates, edibles, topicals and more for top-performing brands in cannabis. Flower One's Nevada footprint includes its flagship facility, a 400,000-square-foot high-tech greenhouse and 55,000-square-foot production facility, as well as a second site with a 25,000-square-foot indoor cultivation facility and commercial kitchen. Flower One has built an industry-leading team focused on making high-quality cannabis accessible to all.

The Canadian company's common shares are traded on the Canadian Securities Exchange under the Canadian company's symbol, FONE, and on the Frankfurt Stock Exchange under the symbol F11.

We seek Safe Harbor.