Flower One’s First Quarter 2020 Highlighted by Continued Revenue Growth and

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Las Vegas on June 4^th ” data-reactid=”12″Flower One’s June sales grew 144% over May and 78% over April with the re-opening of Las Vegas on June 4^th

TORONTO, July 15, 2020 /PRNewswire/ – Flower One Holdings Inc. (the “Company”) (CSE: FONE) (OTCQX: FLOOF), a leading cannabis cultivator, producer and innovator in Nevada, today reported its financial and operating results for the first quarter ended March 31, 2020. The Company also provided a corporate update including preliminary financial and operational highlights subsequent to quarter end. All amounts are expressed in U.S. dollars unless indicated otherwise. ” data-reactid=”13″TORONTO, July 15, 2020 /PRNewswire/ – Flower One Holdings Inc. (the “Company”) (CSE: FONE) (OTCQX: FLOOF), a leading cannabis cultivator, producer and innovator in Nevada, today reported its financial and operating results for the first quarter ended March 31, 2020. The Company also provided a corporate update including preliminary financial and operational highlights subsequent to quarter end. All amounts are expressed in U.S. dollars unless indicated otherwise.

Delivered revenue of $8.8 million, representing sequential quarterly growth of 52%;

Achieved record monthly sales in March of $3.9 million;

Maintained industry-leading cultivation performance levels with an average harvested cash cost of $0.49 per gram; and,

Received Nevada state approval to launch three vape brands, including The Clear, Old Pal, and Heavy Hitters.

$8.8 million in Q1 2020 were just shy of our total revenues for the full year 2019, and March revenues set a record for our company,” said Ken Villazor, President and Chief Executive Officer of Flower One. “Coinciding with our strong revenue growth, we continued to cultivate flower at industry-leading levels with a cash cost per gram of $0.49 for the first quarter, with substantial improvements in overall quality. If the events of 2020 to-date have demonstrated anything, they show that the depth and overall cannabis competencies of the Flower One team are amongst the best in the industry. Our ability to optimize our operations to continue to support all our leading brands and retail partners without interruption shows just how flexible and efficient we are as a company. With the recent launches of Cookies and 22Red, we could not be more excited about the opportunities that lie ahead for Flower One.”” data-reactid=”20″”Revenues of $8.8 million in Q1 2020 were just shy of our total revenues for the full year 2019, and March revenues set a record for our company,” said Ken Villazor, President and Chief Executive Officer of Flower One. “Coinciding with our strong revenue growth, we continued to cultivate flower at industry-leading levels with a cash cost…