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CORRECTING and REPLACING Flower One Reschedules Release of Third Quarter 2021 Financial Results and Earnings Call

LAS VEGAS–(BUSINESS WIRE)–The first paragraph of the November 16, 2021 release should read: Flower One Holdings Inc. (“Flower One” or the “Company”) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), the leading Nevada cannabis breeder and producer, today announced that it has reported its third quarter 2021 financial results. and submits the associated management discussion and analysis (the “Q3-21 Requests”) on Monday, November 29, 2021. markets close and will hold a conference call on Tuesday, November 30 at 10:00 AM ET (instead of…before the markets close…).

The updated release reads:

FLOWER ONE RESTORES RELEASE OF THIRD QUARTER 2021 FINANCIAL RESULTS AND RESULTS CALL

Flower One Holdings Inc. (“Flower One” or the “Company”) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), the leading Nevada cannabis breeder and producer, today announced it is filing its third quarter 2021 financial results and management’s associated discussion and analysis (the “Q3-21 Filings”) on Monday, November 29, 2021 after the close of markets and will conduct its conference call on Tuesday, November 30 at 10:00 a.m. ET.

As previously announced on October 11, 2021, Flower One has hired its new CFO, Araxie Grant. Since her appointment, Ms. Grant has completely rebuilt the company’s finance department and implemented financial processes to ensure the company operates at a higher level of best practice. With the implementation of these processes, the Company has elected to move its Q3-21 filings to a later date within the allotted filing deadline.

Conference call details:

Date:

Tuesday 30 November 2021

Time:

10:00 a.m. ET

Phone call:

1-877-407-0789 (Canada and US)

1201-689-8562 (international)

Conference ID:

13724959

Webcast:

A live webcast will be available on Flower One’s website or on ViaVid

All interested parties are invited to participate. Connect at least 15 minutes prior to the conference call to ensure sufficient time to download software that may be required to participate in the webcast.

For those unable to attend the live webcast, a replay will be available until 11:59pm ET on Thursday, November 29, 2022. To access the archived webcast, visit Flower One’s website.

About Flower One Holdings Inc.

Flower One is the largest cannabis breeder, producer and full-service brand fulfillment partner in the state of Nevada. Combining more than 20 years of greenhouse operational excellence with the best cannabis operators, Flower One provides consistent, reliable and scalable execution to a growing number of leading cannabis brands (Cookies, Kiva, Old Pal, Heavy Hitters, Lift Ticket’s, The Clear, HUXTON and Flower One’s leading private label, NLVO, and more). Flower One currently produces a wide range of products from flowers, full spectrum oils and distillates to finished consumer packaging, including a variety of: pre-rolls, concentrates, edibles, topicals and more for the top performing brands in cannabis. Flower One’s Nevada footprint includes the company’s flagship facility, a 400,000 square foot high-tech greenhouse and 55,000 square foot manufacturing facility, as well as a second site with a 25,000 square foot indoor growing facility and commercial kitchen. Flower One has built an industry-leading team dedicated to becoming the first high-quality, low-cost brand fulfillment partner.

The Company’s common stock is traded on the Canadian Securities Exchange under the Company symbol “FONE”, in the United States on the OTCQX Best Market under the symbol “FLOOF” and on the Frankfurt Stock Exchange under the symbol “F11” . For more information, visit: https://flowerone.com.

Warning Regarding Forward-Looking Information

Statements in this press release that are not historical or current facts constitute “forward-looking information” within the meaning of the 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 Company’s actual results to differ materially from historical results or from future actual results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties, readers are encouraged to consider statements labeled with the terms “believes,” “believes,” “expects,” “intends,” “anticipates,” “potential,” “should,” “may,” “will,” “plan,” “continue,” or other similar expressions to be uncertain and forward-looking.

Forward-looking statements may include, without limitation, the timing of the publication of the Q3-21 filings, the timing of the conference call to discuss such financial results, the Company’s ability to operate at a higher level of best practices, statements regarding its leadership position in the Nevada cannabis market, the company’s leadership as a cannabis breeder, producer, innovator and full-service brand fulfillment partner, and the production of a wide variety of products for the nation’s leading brands.

The forward-looking statements in this press release are expressly qualified in their entirety by this cautionary statement, the section “Caution Statement Regarding Forward-Looking Information” contains management’s discussion and analysis for the three and six months ended June 30, 2021 ( the “MD&A”). All forward-looking statements in this press release are made as of the date of this press release. The forward-looking statements in this document are also generally subject to assumptions and risks and uncertainties described from time to time in the Company’s public filings of securities with the Canadian Securities Commissions, including the Company’s MD&A. While Flower One has attempted to identify important factors that could cause its actual results, performance or performance to differ materially from those in its forward-looking statements, there may be other factors that could cause results, performance or performance not to be as expected, estimated or intended.

While the Company believes that all forward-looking information and statements contained herein are reasonable, in light of its use of assumptions and the significant risks and uncertainties inherent in such information and statements, no warranty can be made that such forward-looking information and statements will prove to be accurate, and therefore readers are advised to rely on their own evaluation of such risks and uncertainties and not to place undue reliance on such forward-looking information and statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this press release are made as of the date of this release. Flower One disclaims and assumes no intention or obligation to update or revise such forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

NEITHER THE CANADIAN STOCK EXCHANGE NOR THEIR REGULATORY SERVICE PROVIDER HAVE CHECKED OR ACCEPTED RESPONSIBILITY OR ACCEPTANCE OF THE RESPONSIBILITY OR ACCURACY OF THIS RELEASE.

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