Flower One Provides Update on Convertible Debenture Interest Payment - Business Wire

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TORONTO & LAS VEGAS--(BUSINESS WIRE)--Second paragraph, first sentence should read: The aggregate interest payment due on December 31, 2020 is CDN$2,457,983, and as of today’s date, the aggregate principal amount outstanding on the Debentures is US$38.3 million. (instead of: The aggregate interest payment due on December 31, 2020 is CDN$2,457,983, and as of today’s date, the aggregate principal amount outstanding on the Debentures is US$28,194,970.)

The updated release reads:

FLOWER ONE PROVIDES UPDATE ON CONVERTIBLE DEBENTURE INTEREST PAYMENT

Flower One Holdings Inc. (“Flower One” or the “Company”) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), a leading cannabis cultivator, producer and innovator in Nevada, announced today that it does not intend to make the applicable interest payments due on December 31, 2020 related to its Unsecured Convertible Debentures issued in March 2019 and November 2019 (collectively the "Debentures").

The aggregate interest payment due on December 31, 2020 is CDN$2,457,983, and as of today’s date, the aggregate principal amount outstanding on the Debentures is US$38.3 million. All of the Debentures bear interest at 9.5%. Under the terms of the Debentures, the Company has 30 days from the interest payment due date to pay the interest, before there will be an event of default under the Debentures.

The Company continues to pursue a range of financing alternatives, and has determined that it is prudent for the Company to preserve cash in the short term pending further information about the availability and terms of any such alternatives. In this regard, the Board of Directors has formed a special committee comprised of independent directors to pursue and consider various alternatives.

About Flower One Holdings Inc.

Flower One is the largest cannabis cultivator, producer, and full-service brand fulfillment 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 fulfillment to a growing number of industry-leading cannabis brands. Flower One currently produces a wide range of products ranging from wholesale flower, full-spectrum oils, and distillates to finished consumer packaged goods including: flower, pre-rolls, infused pre-rolls, concentrates, edibles, and topicals for the top-performing brands in cannabis. Flower One’s flagship, 400,000 square-foot greenhouse and 55,000 square-foot production facility is used for large-scale cannabis cultivation, processing and manufacturing. Flower One also operates a second production facility with 25,000 square-feet of indoor cultivation and a commercial kitchen that produces several of the nation’s top-performing edible brands.

The Company’s common shares are traded on the Canadian Securities Exchange under the Company’s 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.

Forward Looking Statement

Statements in this press release that are not statements of historical or current fact constitute "forward-looking information" within the meaning of 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 actual results of the Company to be materially different from historical results or from any future actual results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "potential," "should," "may," "will," "plans," "continue" or other similar expressions to be uncertain and forward-looking.

Forward-looking statements may include, without limitation, statements relating to the Company’s ability to complete a financing, the ability of the Company to pay Debenture interest, the Company’s leadership as a cannabis cultivator, producer, innovator and full-service brand fulfillment partner; the Company’s ability to offer consistent, reliable and scalable fulfillment to its brand partners; and the production of the nation’s top-performing edibles brands.

The Company is indirectly involved in the manufacture, possession, use, sale and distribution of cannabis in the recreational and medicinal cannabis marketplaces in the United States through its subsidiary Cana Nevada Corp. Local state laws where Cana Nevada Corp. operates permit such activities; however, these activities are currently illegal under United States federal law. Additional information regarding this and other risks and uncertainties relating to the Company’s business are contained under the heading "Risk Factors" in the Company’s Management Discussion and Analysis dated September 30, 2020 (the "MD&A") filed on its issuer profile on SEDAR at www.sedar.com.

The forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement, the "Cautionary Statement regarding Forward-Looking Information" section contained in 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 contained herein are also subject generally to assumptions and risks and uncertainties that are described from time to time in the Company’s public securities filings with the Canadian securities commissions, including the Company’s MD&A.

Although Flower One has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended, including, but not limited to: dependence on obtaining regulatory approvals; investing in target companies or projects that are engaged in activities currently considered illegal under United States federal law; changes in laws; limited operating history; reliance on management; requirements for additional financing; competition; hindering market growth and state adoption due to inconsistent public opinion and perception of the medical-use and adult-use marijuana industry and; regulatory or political change.

Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this release. Flower One Holdings disclaims and does not undertake any intention or obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR THEIR REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

The Link Lonk


January 01, 2021 at 06:26AM
https://www.businesswire.com/news/home/20201231005255/en/Flower-One-Provides-Update-on-Convertible-Debenture-Interest-Payment

Flower One Provides Update on Convertible Debenture Interest Payment - Business Wire

https://news.google.com/search?q=Flower&hl=en-US&gl=US&ceid=US:en

Marie Kondo shares inspirational Instagram post from Fivefork flower farm in Upton - The Boston Globe

flower.indah.link

A local farm got a shout out from Marie Kondo on Instagram on Wednesday.

The decluttering expert, bestselling author, and host of the Netflix series “Tidying Up With Marie Kondo,” posted a photo of luscious flowers from Fivefork Farms in Upton that quickly racked up nearly 20,000 likes by Thursday and hundreds of comments from Kondo’s fans.

“No doubt, this was a difficult year – but I’d love to focus on what sparked joy for you in 2020,” Kondo wrote in the post. “Let me know in the comments below! Photo by @fiveforkfarms.”

Kondo has 3.9 million followers on Instagram, and the post provided some good exposure for the family-owned flower farm.

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The unexpected publicity from such a well-known celebrity came as a pleasant surprise to Grace Lam, who owns and operates Fivefork Farms with her brother.

“I was like oh, this is interesting ... It was a nice surprise for sure,” Lam said in a telephone interview. “We’ve never met her. She’s never been here.”

The 38-acre farm, which is situated along the Blackstone River Valley, specializes in growing cut flowers for retail stores, florists, designers, and farmers’ markets.

Lam said the photo was taken by their friend Wendy Keng, who helps out at the farm. The photo showed a bunch of colorful dahlias, which happen to be “one of our specialties that we grow at the farm,” said Lam. The image apparently caught Kondo’s attention and she liked it so much that she reposted it to her own account.

“It’s always great to get reposted by anyone,” said Lam. “It’s always great when you go viral. We probably got 100 new followers from it.”

Lam said she’s “definitely a big fan” of Kondo, and can see why the star would want to share a photo of those dahlias with a larger audience.

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“Flowers spark joy,” Lam said. “They’re something that can bring a smile to your face. They bring happiness to this world that we live in.”

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Emily Sweeney can be reached at emily.sweeney@globe.com. Follow her on Twitter @emilysweeney.

The Link Lonk


December 31, 2020 at 10:46PM
https://www.bostonglobe.com/2020/12/31/metro/marie-kondo-shares-inspirational-instagram-post-fivefork-flower-farm-upton/

Marie Kondo shares inspirational Instagram post from Fivefork flower farm in Upton - The Boston Globe

https://news.google.com/search?q=Flower&hl=en-US&gl=US&ceid=US:en

A Newly Described Hawaiian Flower Is The Only One of Its Kind in Existence - ScienceAlert

flower.indah.link

Despite several cliff-scaling efforts to locate another of its kind, so far this native Hawaiian flower appears to be unique.

Found on one of the steep forested slopes of Helu that loom over Lahaina in West Maui, Hawaii, Cyanea heluensis was first discovered back in 2010 but it has only just been formally described.

Botanist Hank Oppenheimer and biologist Jennifer Higashino located it in a remote and deeply shady spot. Oppenheimer since used a specially developed paste to encourage new growth, from which they took a cutting in the hopes of propagating it at Olinda Rare Plant Facility.

After many attempts they managed to germinate a single seed from a fruit collected from the plant last year.

(Hawaii Department of Land and Natural Resources/Facebook)

C. heluensis belongs to a group of plants called Cyanea, the most species-rich genus in Hawaii, that originated from a single introduction 8-10 million years ago. It has since diversified into 80 different species - some of which are found only on a single volcano.

"Dozens of native plants like this one are now only kept alive in nurseries," said Matthew Keir, Hawaii's Department of Land and Natural Resources Botanist on Facebook. "Just one natural disaster, like a hurricane, hitting a nursery could cause the extinction of many rare plants."

Oppenheimer recognised the leaves of C. heluensis were different to others of its genus when they first spied it from a distance through binoculars, and confirmed its uniqueness on closer inspection.

From mid-summer to October this tropical plant produces several hands' worth of finger-like white flowers, followed by fruits that start green and then mature into orange berries.

(Oppenheimer, Phytokeys, 2020)

"Cyanea heluensis easily falls into the critically endangered category, which designates species facing a very high risk of extinction in the wild," Oppenheimer explains in his paper.

Plants like this one are also facing "probable loss and decline of most or all of its avian pollinators and dispersal agents, threats such as landslides and treefall, herbivory by alien slugs and rats, and competition with alien plants."

Conservation groups have been working hard to control some of the threats to this very lonely species, including weeding of invasive South American grass Cortaderia jubata, trapping rats and trying to control the goats and feral pigs that are encroaching on the area.

"Conservation of our ecosystems and the species that depend on them is vital to mankind's survival too," said botanist Steve Perlman from Plant Extinction Prevention Program.

"So few people study and know the flora and fauna well enough to recognize when a new species of plant, insect or bird lies in front of them... The age of discovery is not over!"

This research was published in Phytokeys.

The Link Lonk


December 31, 2020 at 08:50AM
https://www.sciencealert.com/newly-described-hawaiian-flower-is-the-only-known-of-its-kind-in-existence

A Newly Described Hawaiian Flower Is The Only One of Its Kind in Existence - ScienceAlert

https://news.google.com/search?q=Flower&hl=en-US&gl=US&ceid=US:en

100-Million-Year-Old Flower Preserved in Amber Is New Species - The Great Courses Daily News

flower.indah.link

By Jonny Lupsha, News Writer

A newly discovered flower species dates back 100 million years, Oregon State University reported. The new species has been preserved in amber all these years and was identified by Oregon State University researchers. The mid-Cretaceous was a big time for floral spread.

Amid the land mass changes and the ending of the age of dinosaurs, the ecology and evolution of flowering plants occurred during the Cretaceous period, due to the eusocial bee. Photo By buradaki / Shutterstock

According to Oregon State University, an exciting floral discovery had arrived just in time for the holidays. “Oregon State University researchers have identified a spectacular new genus and species of flower from the mid-Cretaceous period, a male specimen whose sunburst-like reach for the heavens was frozen in time by Burmese amber,” the article said.

“The new discovery has an egg-shaped, hollow floral cup—the part of the flower from which the stamens emanate; an outer layer consisting of six petal-like components known as tepals; and two-chamber anthers, with pollen sacs that split open via laterally hinged valves.”

At the time the flower blossomed—100 million years ago—fascinating things were happening on the surface of the Earth regarding the proliferation of flower species.

Plant Life in the Mid-Cretaceous

“Around 100 million years ago during the mid-Cretaceous, there was a great radiation in angiosperm diversity initially noted in the fossil record by angiosperm leaf and pollen remains,” said Dr. Stuart Sutherland, Professor in the Department of Earth, Ocean, and Atmospheric Sciences at the University of British Columbia. “By the late Cretaceous, flowering plants started to take over environments that were formerly dominated by ferns, cycads, Bennettittales, and other gymnosperms.

“If you could travel to the late Cretaceous, you would be able to view dinosaurs wandering around plants that you would recognize today such as beech, maple, and magnolia.”

Dr. Sutherland said there’s still some confusion among the anthropological community regarding how angiosperms replaced gymnosperms around this time. On one hand, if the lay of the land were competitive, the angiosperms’ short life cycle and rapid growth “were able to muscle in” and replace gymnosperms. On the other hand, anthropologists have evidence of a major extinction at the end of the Triassic period that send many gymnosperm lineages to extinction.

What else was happening at this time on Earth?

Life in Pangaea

Life on Earth 125 million years ago was incredibly different than it was at the dawn of humanity.

“The supercontinent of Pangaea had started to fragment, but there were still large continental blocks with Gondwana to the south and Laurasia to the north,” Dr. Sutherland said. “It is likely that the interiors of these continents would be pretty dry and arid, environments that are particularly favorable to angiosperms, providing them with large areas of the landscape where they could spread and diversify.

“The innovations that some of the angiosperms evolved included leathery leaves adapted to prevent water loss, a more efficient water conduction system, and a tough drought-resistant seed that would stop an embryo from drying out.”

Angiosperms also have the ability to propagate and reproduce very rapidly, Dr. Sutherland said. Additionally, the mid-Cretaceous was a period of intense warming, likely related to the rapid fragmentation of Pangaea and the associated generation of ocean crust and carbon dioxide production. This would have added to drought conditions, producing an environment more favorable to angiosperms.

This tumultuous time in the Earth’s history was ripe for changing conditions like those believed to have leaned towards flowering plants’ proliferation.

This article was proofread and copyedited by Angela Shoemaker, Proofreader and Copy Editor for The Great Courses Daily.

Dr. Stuart Sutherland contributed to this article. Dr. Sutherland is a Professor in the Department of Earth, Ocean and Atmospheric Sciences at The University of British Columbia (UBC). Raised in the United Kingdom, he earned an undergraduate degree in geology from the University of Plymouth and a PhD in Geological Sciences from the University of Leicester for his studies on Silurian microfossils called chitinozoa.

The Link Lonk


December 31, 2020 at 09:47PM
https://www.thegreatcoursesdaily.com/100-million-year-old-flower-preserved-in-amber-is-new-species/

100-Million-Year-Old Flower Preserved in Amber Is New Species - The Great Courses Daily News

https://news.google.com/search?q=Flower&hl=en-US&gl=US&ceid=US:en

Phipps Conservatory to reopen and extend Winter Flower Show - RADIO.COM

flower.indah.link

PITTSBURGH (100.1 FM and AM 1020 KDKA) After closing as part of the Pennsylvania COVID-19 mitigation efforts, Phipps Conservatory has announced it will be reopening to the general public on Jan. 4, 2021.

Phipps will be reopening and extending the length of their Winter Flower Show: Home for the Holidays through Sunday, Jan. 10.

For those who want to stay home but still enjoy the seasonal display, Phipps is offering two virtual tours of the exhibit.

One of the tours comes with a commentary from CEO Richard Piacentini and Associate Director of Exhibitions and designer of Home for the Holidays Jordyn Melino.

The two commentate the tour and describe what it took to bring together the entire display.

The virtual tours can be rented or bought from the Phipps website.

Hours of operation starting Jan. 4 are daily 9:30 a.m. to 11:00 p.m. and tickets are to be reserved in advanced.

The Link Lonk


January 01, 2021 at 02:29AM
https://www.radio.com/kdkaradio/news/phipps-conservatory-to-reopen-and-extend-winter-flower-show

Phipps Conservatory to reopen and extend Winter Flower Show - RADIO.COM

https://news.google.com/search?q=Flower&hl=en-US&gl=US&ceid=US:en

Flower purchases go up due to deaths, according to local flower shop - KLBK | KAMC | EverythingLubbock.com

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LUBBOCK, Texas — One local flower shop said they’ve seen an increase in customers purchasing flowers as a form of condolence to those who have lost loved ones.

Ema Doss, an owner at Sassy Flower Creations, said at the start of the pandemic, her store was forced to shut down for a month and a half, which caused her to make the difficult decision to lay off most of her employees.

“School functions and proms banquets came to a halt,” she said. “Orders just kind of slowly started coming in, but unfortunately, it was because of the rise of deaths.”

Ema said the number of orders per person has decreased, citing limited capacity at funerals could be the cause. However, Ema said she had seen more people as a whole order flowers.

“It’s a little depressing. I mean–I love making flower arrangements. It’s my passion, but knowing it is going to someone who has lost a loved one,” said Ema.

Mike Doss, her husband, said the stories they have heard have been hard to handle emotionally.

“We’ve had members where the husband has died, and the family could not have the funeral because the family developed COVID,” said Mike. “That’s an all the time basis going on right now.”

Ema said she has taken the precautions to make her flower shop safer by locking the front door and asking people to book appointments to avoid contact with people. Each person is also required to wear a mask inside of her store.

“I’m a cancer survivor. I’m in remission at the moment. thank God, but I still continue to have problems because of the cancer that I had,” she said. “I still have my spells every month where I get sick every month, [and] I have to be careful about who comes in.”

The Link Lonk


December 31, 2020 at 09:04AM
https://www.everythinglubbock.com/news/local-news/flower-purchases-go-up-due-to-deaths-according-to-local-flower-shop/

Flower purchases go up due to deaths, according to local flower shop - KLBK | KAMC | EverythingLubbock.com

https://news.google.com/search?q=Flower&hl=en-US&gl=US&ceid=US:en

Make Lego bonsai trees, flower bouquets to relax with new Botanical series - CNET

flower.indah.link

Can you spot the tiny pink frogs hiding in the cherry blossom leaves?

Lego

Lego fans can already build everything from the Star Wars Millennium Falcon to Batman's Batmobile, but now the toy company wants to attract older fans with its new Botanical series.

The series, out in January, includes kits to make realistic-looking bonsai trees and colorful flower bouquets aimed at an adult audience looking for a way to relax. 

According to the Lego Play Well Study 2020, 70% of adults are looking for new ways to relieve stress, and Lego believes playing with sets like these can "bring mindfulness and stress relief to busy adults every day." 

"I think many people are looking for ways to change their mood and relax," Lego Group Design Lead Jamie Berard said in a statement. "We are delighted to be able to help you seek comfort in your busy daily life through this beautiful Lego botanical collection."

Build realistic-looking flowers with the new Lego Botanicals kit.

Lego

CNET Culture

Entertain your brain with the coolest news from streaming to superheroes, memes to video games.

The Lego Bonsai Tree model can make two types of trees, evergreen and sakura trees. You can also create new trees to reflect the changing seasons. There are also tiny pink frogs hiding in the cherry blossom petals. The kit also includes a rectangular flowerpot and a wooden pedestal.

The Lego Flower Bouquet set lets users build snapdragons, roses, poppies, asters, daisies and even pampas grass. The length of the stem is adjustable and can be easily arranged to fit any vase. 

You can also combine the Lego Rose 40460 and Lego Tulip 40461 (sold separately) to add variety to your bouquets. Even cooler, these Lego Botanicals bricks will be made from plant-derived plastic elements made from sustainable sugar cane.

The Lego Botanicals sets will be available to purchase at the Japan Lego store, Benelic Store on Rakuten and Amazon.co.jp. 

See Star Wars Lego Millennium Falcon sets over nearly 20 years

See all photos

The Link Lonk


December 31, 2020 at 08:03AM
https://www.cnet.com/news/make-lego-bonsai-trees-flower-bouquets-to-relax-with-new-botanical-series/

Make Lego bonsai trees, flower bouquets to relax with new Botanical series - CNET

https://news.google.com/search?q=Flower&hl=en-US&gl=US&ceid=US:en

Faces Of COVID: Cindy Novy, Flower Shop Owner, Celebrated Life Through Nature’s Beauty - CBS Minnesota

flower.indah.link

MINNEAPOLIS (WCCO) – A staple in her small Minnesota city, Cindy Novy’s flower shop celebrated life’s milestones for more than 40 years.

It’s why her death from COVID-19 this month has left Pine City in mourning.

In our ongoing series, WCCO shares how Cindy believed in celebrating life through nature’s beauty.

“From the time I was 10 days old she was wearing one of those carriers making arrangements with me in it,” her daughter Cara Novy said.

You could say Cara Novy also bloomed inside her mom’s beloved flower shop.

“The original owner was like family,” she said. Cindy Novy started working there in high school before buying it outright in the 70’s.

“She made it so personal,” her colleague Sheila Hughes said of her creations.

Known for her kind and generous spirit, Cindy sent leftover flowers to local nursing homes and constantly volunteered to beautify her church and community.

“To make somebody else feel better. Never expecting anything in return,” Hughes said.

The 67-year-old who still worked six days a week had only recently started talking about retirement.

“It’s just so heartbreaking that she didn’t get the chance,” her daughter said.

When the pandemic arrived in March, her mom took precautions.

“The store was closed to walk-ins, deliveries only,” Cara Novy said.

Still, in November, Cindy Novy thought she was just fighting a cold.

“The mystery of where she actually picked it up, I wish I knew,” Hughes said.

“She literally went straight from the store to the hospital,” Cara Novy said.

With no underlying health conditions, doctors could never determine why she wouldn’t improve.

“On paper she was healthy and she should have been able to beat it. But she just kept getting worse,” Cara Novy said.

Cindy spent 22 days on ventilator. She died on Dec. 2.

“It just shows it could happen to anybody,” Cara said.

It’s also why her daughter believes her mom understood better than most to celebrate every milestone along the way.

“Leaves a huge void in our family and in our community, too,” Cara said.

 

More On WCCO.com:

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December 31, 2020 at 06:28AM
https://minnesota.cbslocal.com/2020/12/30/faces-of-covid-cindy-novy-flower-shop-owner-celebrated-life-through-natures-beauty/

Faces Of COVID: Cindy Novy, Flower Shop Owner, Celebrated Life Through Nature’s Beauty - CBS Minnesota

https://news.google.com/search?q=Flower&hl=en-US&gl=US&ceid=US:en

My Cafe opens in Flower Mound - The Cross Timbers Gazette

flower.indah.link

A new breakfast and lunch spot opened this week in Flower Mound.

Owner Fadil Mehmedi said he and his business partner opened a My Cafe restaurant in Fort Worth in October 2019. The new eatery got off to a good start, and is still doing well today, so Mehmedi said he quickly started looking for a good second location and found Flower Mound.

“I fell in love with this town,” he said. “I like the surroundings, the farms, the mixture of everything.”

Mehmedi came to an agreement for a space at 1050 Flower Mound Road, in a former taco shop near the corner of Flower Mound and Morriss. They began to remodel the business space with a plan to open in March or April 2020, but then the pandemic hit. Mehmedi said he and his wife, who have a restaurant and house in Illinois, went back there to focus on that and wait to open My Cafe Flower Mound.

“We kept postponing to open this place, kept saying it was not the right time, many restaurants are closing because of the virus,” Mehmedi said. “But we can only push it back so far with rent costs adding up and depleting our funds, we decided it’s time to open and run this place.”

My Cafe Flower Mound opened Monday and is open daily from 7 a.m. to 2:30 p.m. It has the same menu as the Fort Worth location, with a large variety of breakfast and lunch staples to choose from, as well as many heathy options and more. The restaurant has been totally remodeled and has a modern, cozy atmosphere, Mehmedi said.

Click here for more information.

The Link Lonk


December 31, 2020 at 05:37AM
https://www.crosstimbersgazette.com/2020/12/30/my-cafe-opens-in-flower-mound/

My Cafe opens in Flower Mound - The Cross Timbers Gazette

https://news.google.com/search?q=Flower&hl=en-US&gl=US&ceid=US:en

Flower from 100 Million Years Ago Brings Fresh Beauty to 2020 - Laboratory Equipment

flower.indah.link

Oregon State University researchers have identified a spectacular new genus and species of flower from the mid-Cretaceous period, a male specimen whose sunburst-like reach for the heavens was frozen in time by Burmese amber.

"This isn't quite a Christmas flower but it is a beauty, especially considering it was part of a forest that existed 100 million years ago," said George Poinar Jr., professor emeritus in the OSU College of Science.

Findings were published in the Journal of the Botanical Research Institute of Texas.

"The male flower is tiny, about 2 millimeters across, but it has some 50 stamens arranged like a spiral, with anthers pointing toward the sky," said Poinar, an international expert in using plant and animal life forms preserved in amber to learn more about the biology and ecology of the distant past.

A stamen consists of an anther—the pollen-producing head—and a filament, the stalk that connects the anther to the flower.

"Despite being so small, the detail still remaining is amazing," Poinar said. "Our specimen was probably part of a cluster on the plant that contained many similar flowers, some possibly female."

The new discovery has an egg-shaped, hollow floral cup—the part of the flower from which the stamens emanate; an outer layer consisting of six petal-like components known as tepals; and two-chamber anthers, with pollen sacs that split open via laterally hinged valves.

Poinar and collaborators at OSU and the U.S. Department of Agriculture named the new flower Valviloculus pleristaminis. Valva is the Latin term for the leaf on a folding door, loculus means compartment, plerus refers to many, and staminis reflects the flower's dozens of male sex organs.

The flower became encased in amber on the ancient supercontinent of Gondwana and rafted on a continental plate some 4,000 miles across the ocean from Australia to Southeast Asia, Poinar said.

Geologists have been debating just when this chunk of land, known as the West Burma Block, broke away from Gondwana. Some believe it was 200 million years ago; others claim it was more like 500 million years ago.

Numerous angiosperm flowers have been discovered in Burmese amber, the majority of which have been described by Poinar and a colleague at Oregon State, Kenton Chambers, who also collaborated on this research.

Angiosperms are vascular plants with stems, roots and leaves, with eggs that are fertilized and develop inside the flower.

Since angiosperms only evolved and diversified about 100 million years ago, the West Burma Block could not have broken off from Gondwana before then, Poinar said, which is much later than dates that have been suggested by geologists.

Republished courtesy of Oregon State University. Photo: Valviloculus pleristaminis. Credit: George Poinar Jr.

The Link Lonk


December 30, 2020 at 06:04PM
https://www.laboratoryequipment.com/571561-Flower-from-100-Million-Years-Ago-Brings-Fresh-Beauty-to-2020/

Flower from 100 Million Years Ago Brings Fresh Beauty to 2020 - Laboratory Equipment

https://news.google.com/search?q=Flower&hl=en-US&gl=US&ceid=US:en

LEGO 10280 Flower Bouquet from the Botanical Collection [Review] - The Brothers Brick

flower.indah.link

In LEGO’s pursuit of older fans, the toy manufacturer has overhauled their adult product strategy, resulting in an immediate expansion of adult-focused sets. One of the ways this has manifested is an attempt to bring in new adult buyers with sets focusing on non-traditional subjects that might fit better into a grown-up decor. Enter the LEGO Botanical Collection, first announced last month, which includes two sets designed to seamlessly blend into a modern aesthetic with models that will look equally at home on your desk or in your den. Earlier today we looked at the beautiful 10281 Bonsai Tree, and now we’re turning our eye on 10280 Flower Bouquet, which as the name implies, constructs a variety of life-size flowers meant for display rather than for play (vase not included). The set contains 756 pieces and will retail for US $49.99 | CAN $TBD | UK £44.99 and is available starting Jan. 1.

The LEGO Group provided The Brothers Brick with an early copy of this set for review. Providing TBB with products for review guarantees neither coverage nor positive reviews.

The box and contents

The Flower Bouquet comes in a large box–larger than its $50 price point would indicate–and contains six bags of parts across three numbered steps, plus the instruction manual which is safely packaged in its own bag. There is no sticker sheet, and in fact, the set contains no decorated elements at all. And although the set doesn’t have any wholly new elements, the parts are a smorgasbord of interesting new colors.

The first and most obvious is the large unnumbered bag, which simply contains the 10 sand green 32-stud axles. Sand green is a new color for them and only the fourth color, following the somewhat common black, and rare white and yellow versions. Another exciting recolor to an old element is the dark green prickly bush. Although the bush has been around for 28 years and comes in six colors, the only shades of green it’s been available in are classic green and lime green. Adding dark green to the lineup should give terrain builders more options, and you’ll get four of them here. Another part also joins the dark green lineup: the new large steering wheel that debuted last month in 10274 Ghostbusters ECTO-1. With seven included (versus just one black one in the ECTO-1) that makes dark green the most common color for this new element.

But we can’t talk about colors in this set without remarking on the prevalence of light nougat (what Bricklink used to call light flesh). Apart from licensed minifigure heads and hands (and minidolls), it’s been among the rarest colors for standard LEGO elements. In fact, a quick scan of Bricklink’s inventory for light nougat elements since the color began to be commonly around 2000 shows just five elements in that color that aren’t explicitly intended to be used as body parts or animals. The Flower Bouquet certainly makes a big departure then, with the set’s three roses in light nougat bringing a whopping 60 light flesh elements in four varieties, none of them minifigure-related. You’ll get 12 each of two different style of vehicle hood panel (93604 and 98835), along with another 12 1×2 tiles and 24 1×2 clip plates. The hood panels may not be the most sought-after elements for light nougat, but the other two are key elements in expanding the light nougat lineup.

The instruction manual includes a brief introduction with set designers Anderson Grubb and Astrid Sundorf Christensen, along with a synopsis of the six named flower varieties included. All told you’ll get the parts to build three Roses, two Snapdragons, a Lavender, an Aster, two Common Daisies, and a California Poppy. The set also includes three unnamed leaves and two bushy sprigs to round out the bouquet.

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The build

The instructions constructs the flowers one variety at a time, combining duplicates where possible. For instance, the two daisies are identical and so get a 2x in the manual. Meanwhile the three roses have two variations with a straight and a curved stem, and so only the rose flowers are built at the same time with a 3x multiplier. Some of the flowers have a simple stem consisting of the Technic axle, while others have more complex stems with stacked Technic 3L axle connectors.

We’ll start with the daisies, which are a tight spiral of while 1×2 plates with curved ends. There are three flowers on each stem, with the place for the fourth daisy getting just a dry twig instead. The daisies are by far the simplest of the six flowers and the flower bunch is just stuck at the top of one of the sand green axles.

The daisies are the least successful of the six flowers and are easily lost among the larger bouquet. I honestly don’t think I’d recognize them as daisies except perhaps by the white-and-yellow key colors. A different solution is needed that makes larger, more distinct petals–these hardly look like you could play He Loves Me, He Loves Me Not by plucking off petals one at a time.

Next up are the roses, which jump up a great deal in complexity. The rosebuds are composed of a small structure of tan brackets at the top of a pair of the dark green steering wheels. The steering wheels form a solid mounting point for clipping the peachy-colored petals into place. Each rose gets eight large petals. Constructing all 24 petals is a bit of a tedious process, but is simply enough that it doesn’t take long. Rather than the long axle, the rose stems are made with stacked dark green Technic 3L axle connectors (a new color for that element, too). A single left pterodactyl wing makes a rose leaf on each stem.

The roses are gorgeous, and instantly recognizable. The light nougat peach color isn’t my favorite (despite being excited about the parts themselves) as I would have preferred either something more vibrant, or crisp white roses, but in conjunction with the saturated poppy and snapdragons, the result is elegant and understated. Of course, LEGO is releasing red roses as a separate add-on set, and all of the petal elements are available in a variety of other colors, so recoloring them should be easy.

Like the daisy, the California Poppy is a simple flower. The center of the bud is a tightly packed assembly that let the yellow clips work as stamen. Four orange car hoods attach onto the outer clips for the poppy’s four orange petals.

Next to the daisy, the poppy is my least favorite of the flowers. The final result is a little too precise with the four petals being a bit too square. I’m not sure what a better solution would have been, but viewed in the bouquet surrounded by the other flowers it’s not as noticeable. And with only one in the set, it provides a nice pop of warm color to offset the purples of the aster, lavender, and snapdragons.

The snapdragon is next, and was my favorite to build. Although the assembly was a bit tedious, the result is splendid. A center of octagonal plates provides a mounting point for the snapdragon’s tiny buds. The picture below illustrates the constituent parts along with an assembled flower (minus the stem) on the left. Snapdragons can be found in a wide variety of colors, and I’m already generating ideas for recolors of this build.

The snapdragon is the highlight of the bouquet. Standing tall, the vibrant magenta becomes the focal point of the bunch, and the flower closely imitates its real-life counterpart.

The lavender was the most boring build, but the result is lovely. The lavender instructions pretty much boil down to making the 10-piece assembly below and repeating it 9 times. The assemblies are then stacked to create the lavender’s tall, spindly flowers.

The lavender imitates a variety that has the flowers spaced quite sparsely along the stem. It’s not inaccurate, but I would have preferred it to follow after a variety with tighter flowers for a more lush, delicate look rather than the woody look with lots of stem. I think they’d also look better with darker purple 1×1 plates on top of each lavender-color 1×1 plate (ironically, most lavender flowers are a darker purple than LEGO’s lavender color). To be completely accurate, each lavender sprig should also have its own stem rather than be connected as a bunch just below the flowers, but I think that’s a fine artistic choice to make it easier to arrange them in a vase.

Finally, the aster. A complex and delicate flower, the aster’s build is a series of concentric circles of tiny petals (34 petals in total). Like the lavender, it’s not an engaging build, but the result is beautiful.

Asters are a huge family of flowers encompassing a wide range of varieties. Initially I thought this aster didn’t look like the asters I was familiar with, and that’s true. What I had in mind was more of a purple daisy (and in fact, daisies are closely related). But some varieties of aster have tightly bunched petals and uniform color, and this LEGO design does a splendid recreation of them.

The bushy sprigs likely represent a real plant, but I’m not a florist so I’ll leave it to the experts to say exactly what this is. In any case, it serves the same purpose here that it would in a real bouquet–to add volume and visual balance. They’re extremely simple but do the job well.

Likewise, the leaves also add visual balance and interest to the bouquet. Made with long sand green 16 x 4 wedges (not a new color, as they appeared in sand green in last year’s 70840 Welcome To Apocalypseburg) tipped with a sand green surfboard (which is a new color), the leaves have a bend in the middle so you can angle them to suit your needs.

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Conclusion and recommendation

10280 Flower Bouquet is one of the few sets that can’t really be displayed on its own, without adding something else. You’ll need to use either a standard flower vase or construct one if you prefer to keep it all brick. I opted for the glass vase, and I think it would make a wonderful addition to an office. No matter how professional the office you work in, these flowers will fit in with the decor unlike, perhaps, your UCS A-Wing or Ghostbusters ECTO-1, if you’re trying to keep your nerdery on the down low.

Or if you’re like me and prefer to keep your LEGO sequestered into its own space, this might be one of the few sets I’d bring into the standard household decor. The vase I had on hand is just a bit too large, but I’m sure I could find one that would fit perfectly.

At $50, you might expect that the majority of the set’s 756 pieces are tiny elements, much like the LEGO Art mosaic sets. But that’s not the case. While there are a reasonable number of small elements, the set isn’t particularly skewed toward them; it’s just a very decently priced set. The price-per-piece comes out to a little less than $0.07, putting it well below the average. And two expansions have already been revealed, bringing red roses and tulips (although they don’t bear the Botanical Collection moniker or the 18+ age range), and they’re priced at $13 and $10, respectively. At a higher price, I’d merely classify this set as a fun novelty. But for $50, it’s cheaper than many real flower bouquets and will last significantly longer, while bringing some nerdy fun to your decor in an elegant manner. It would also be easy to expand with either the official flower sets or more flowers of your own. This set earns a hearty recommendation.

10280 Flower Bouquet is part of the new Botanical Collection. It contains 756 pieces and makes 10 flowers. It will be available starting January 1 from LEGO for US $49.99 | CAN $TBD | UK £44.99 and may also be available via third-party sellers on ebay and Amazon.

The LEGO Group provided The Brothers Brick with an early copy of this set for review. Providing TBB with products for review guarantees neither coverage nor positive reviews.

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The Link Lonk


December 30, 2020 at 09:00PM
https://www.brothers-brick.com/2020/12/30/lego-10280-flower-bouquet-from-the-botanical-collection-review/

LEGO 10280 Flower Bouquet from the Botanical Collection [Review] - The Brothers Brick

https://news.google.com/search?q=Flower&hl=en-US&gl=US&ceid=US:en

Global Residential Artificial Flower Retail Market Report 2021-2025 - ResearchAndMarkets.com - Yahoo Finance

flower.indah.link

Bloomberg

ICE’s Jeffrey Sprecher Turns Billionaire on Eve of Wife’s Georgia Runoff

(Bloomberg) -- For a guy who turned a few dollars into a company that oversees everything from the New York Stock Exchange to Libor, Jeffrey Sprecher was remarkably unknown outside of Wall Street.And it may have stayed that way except that his wife, Kelly Loeffler, was appointed to a U.S. Senate seat from Georgia to fill a vacancy late last year.Within months, the couple faced public scorn over a series of stock trades made before the coronavirus outbreak jolted global markets. Their wealth has now become a focal point in the Jan. 5 runoff election between Loeffler and Raphael Warnock, a Democrat -- one of two Senate races that day that will determine control of the chamber.His company’s 22% rally this year has helped make Sprecher, 65, a billionaire, according to the Bloomberg Billionaires Index, and cemented Loeffler’s place as the wealthiest member of Congress.It’s another reminder of how Wall Street has done well during the pandemic while the broader economy struggles, and the latest twist to Sprecher’s improbable journey to the pinnacle of American finance. Intercontinental Exchange Inc., or ICE, as it’s called, is now a $63 billion behemoth that underpins much of the global financial system. It was built on Sprecher’s dealmaking, good timing and keen sense of where the world was headed.“I never would have thought ICE would own the NYSE, be a leading provider of fixed-income market data and seek to automate the mortgage process all at the same time,” said Rich Repetto, an analyst at Piper Sandler & Co. who has covered the company since its 2005 initial public offering.Sprecher, through an ICE representative, declined to be interviewed or comment on his net worth, which largely consists of his roughly 1% stake in the business. He hasn’t spoken publicly about his wife’s bid, but he’s donated to several Republican lawmakers and political action committees in recent years, including at least $5.5 million to a super PAC that supports her.Loeffler, 50, was an ICE executive for more than a decade and is now in a razor-thin race with Warnock amid record early turnout. Her campaign didn’t comment.Sprecher, who worked as a salesman out of college, got into the power industry in 1983. Looking for a way to hedge the price of fuels, he formed ICE in the 1990s by buying a failing Atlanta company, called Continental Power Exchange, that he modeled into an EBay for energy businesses looking to buy or sell surplus electricity. He paid $1 or $1,000 for the business -- he said two years ago he can’t recall the precise sum -- and kept it afloat with his savings.The timing was fortuitous. ICE launched shortly before its biggest rival, Enron Corp., went bust.Sprecher went on to make a dizzying number of deals. He bought rival exchanges and also expanded ICE into areas like commodity futures, fixed income and clearinghouses, which sit in the middle of each trade. The purchase of NYSE Euronext, which included the vaunted New York Stock Exchange, gave ICE control of London-based Liffe, which offered interest-rate derivatives trading.In 2014, ICE picked up responsibility for the London interbank offered rate, or Libor, which is embedded in an array of financial contracts, ranging from credit-card rates to pricing of derivatives. And this year it bought Ellie Mae Inc., which processes more than 40% of all new U.S. residential mortgages, a booming business now with borrowing costs at record lows.At the heart of the company is data, which it collects from clients, sorts and analyzes, and then sells back to those same clients. It underpins benchmark indexes for everything from crude oil derivatives to interest rates.“If I were starting this company today, I would probably call it the Intercontinental Massively Scalable Network and Database Company, because that’s what we are,” Sprecher said on a February call with analysts.Bloomberg LP, the parent of Bloomberg News, competes with ICE in providing financial analytics, fixed-income data and information.Loeffler arrived at ICE in 2002 to lead investor relations, and later also took on communications and marketing -- responsibilities usually split among three jobs. She and Sprecher married in 2004. They are self-proclaimed workaholics and have no children.Loeffler had been active in Republican circles for many years but never run for public office. But when Johnny Isakson, the state’s senior senator, stepped down in 2019 for health reasons, she sought and won the temporary appointment from Georgia Governor Brian Kemp, her gender and financial well-being likely playing roles in his decision.The couple’s wealth, laid out in a 99-page financial disclosure form that lists everything from rental properties to a private plane, came under scrutiny after she disclosed a series of stock trades that began the day she and other senators got a classified briefing on the coronavirus outbreak.Loeffler has said the couple’s independent financial advisers made the trades without their knowledge, and that the investment portfolio will be liquidated. The Justice Department dropped a probe of transactions by her and some other lawmakers and the Senate’s own ethics panel cleared her of any wrongdoing.She sits on four Senate committees including the Agriculture Committee, which oversees the Commodity Futures Trading Commission. The agency regulates the derivatives market, including many aspects of ICE’s growing business.Sprecher hasn’t given any inkling that he’s done building the company. In February, he gave up on an overture with EBay Inc., which had puzzled analysts. The acquisition of Ellie Mae was announced just six months later.“I really don’t know how to manage a company that isn’t growing,” he said on a podcast in May. “Part of managing a growing company is like the duck with your legs moving very quickly underneath. I wouldn’t really know how to float around.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

The Link Lonk


December 30, 2020 at 10:31PM
https://finance.yahoo.com/news/global-residential-artificial-flower-retail-153100131.html

Global Residential Artificial Flower Retail Market Report 2021-2025 - ResearchAndMarkets.com - Yahoo Finance

https://news.google.com/search?q=Flower&hl=en-US&gl=US&ceid=US:en

"Amazing" new species of flower discovered in 100-million-year-old amber - New Atlas

flower.indah.link

Fossilized tree resin, commonly known as amber, has offered paleontologists extraordinary insights into ancient ecosystems. The latest golden time capsule discovery comes from Oregon State University researchers who have identified a completely new, previously unknown genus and species of flower dating back 100 million years to the mid-Cretaceous period.

The research was led by George Poinar Jr., a legendary paleobiologist whose ideas inspired Jurassic Park author Michael Crichton. The new type of flower was discovered in amber found in a region of northern Myanmar, known for its rich 100-million-year-old deposits.

The discovery is a type of angiosperm flowering plant and has been named Valviloculus pleristaminis. The stunningly well preserved specimen is a male flower which Poinar notes displays amazing detail.

“Despite being so small, the detail still remaining is amazing,” explains Poinar. “Our specimen was probably part of a cluster on the plant that contained many similar flowers, some possibly female. The male flower is tiny, about 2 millimeters across, but it has some 50 stamens arranged like a spiral, with anthers pointing toward the sky.”

The newly discovered flower measures 2 mm across

George Poinar Jr.

Poinar’s work investigating these amber deposits in Myanmar has revealed a large variety of ancient organisms over the past few decades. The amber comes from a geographical area called the West Burma Block, which was once a part of the ancient continent known as Gondwana. And collectively Poinar’s work is questioning traditional geological timelines that have suggested the West Burma Block broke away from Gondwana between 200 and 500 million years ago.

Poinar claims this great tectonic shift may have occurred as recently as 100 million years ago. Because angiosperms are thought to have initially evolved around 100 million years ago, and generally spread across what we know today as the southern continents of Australia, Africa and South America, this work hypothesizes the tectonic migration of Gondwana could have occurred much more recently than geologists currently believe.

In recent years, amber discoveries from different parts of the world have revealed a stunning assortment of ancient organisms, from spiders and prehistoric snakes to giant sperm and mammalian blood cells. This incredibly well preserved flower offers yet another insight into ancient ecosystems from millions of years ago.

“This isn’t quite a Christmas flower but it is a beauty, especially considering it was part of a forest that existed 100 million years ago,” says Poinar.

The new study was published in the Journal of the Botanical Research Institute of Texas.

Source: Oregon State University

The Link Lonk


December 30, 2020 at 09:26AM
https://newatlas.com/biology/new-species-flower-discovered-100-million-year-old-amber/

"Amazing" new species of flower discovered in 100-million-year-old amber - New Atlas

https://news.google.com/search?q=Flower&hl=en-US&gl=US&ceid=US:en

My Cafe opens for breakfast, lunch in Flower Mound - Community Impact Newspaper

flower.indah.link

By Daniel Houston

Daniel Houston covers city government, transportation, business and education for Community Impact Newspaper in Lewisville, Flower Mound and Highland Village. A Fort Worth native and Baylor University graduate, Daniel reported previously for The Associated Press in Oklahoma City and The Dallas Morning News.

The Link Lonk


December 30, 2020 at 05:55AM
https://communityimpact.com/dallas-fort-worth/lewisville-flower-mound-highland-village/impacts/2020/12/29/my-cafe-opens-for-breakfast-lunch-in-flower-mound/

My Cafe opens for breakfast, lunch in Flower Mound - Community Impact Newspaper

https://news.google.com/search?q=Flower&hl=en-US&gl=US&ceid=US:en

Big bumblebees learn locations of best flowers - Science Daily

flower.indah.link

Big bumblebees take time to learn the locations of the best flowers, new research shows.

Meanwhile smaller bumblebees -- which have a shorter flight range and less carrying capacity -- don't pay special attention to flowers with the richest nectar.

University of Exeter scientists examined the "learning flights" which most bees perform after leaving flowers.

Honeybees are known to perform such flights -- and the study shows bumblebees do the same, repeatedly looking back to memorise a flower's location.

"It might not be widely known that pollinating insects learn and develop individual flower preferences, but in fact bumblebees are selective," said Natalie Hempel de Ibarra, Associate Professor at Exeter's Centre for Research in Animal Behaviour.

"On leaving a flower, they can actively decide how much effort to put into remembering its location.

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"The surprising finding of our study is that a bee's size determines this decision making and the learning behaviour."

In the study, captive bees visited artificial flowers containing sucrose (sugar) solution of varying concentrations.

The larger the bee, the more its learning behaviour varied depending on the richness of the sucrose solution.

Smaller bees invested the same amount of effort in learning the locations of the artificial flowers, regardless of whether sucrose concentration was high or low.

"The differences we found reflect the different roles of bees in their colonies," said Professor Hempel de Ibarra.

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"Large bumblebees can carry larger loads and explore further from the nest than smaller ones.

"Small ones with a smaller flight range and carrying capacity cannot afford to be as selective, so they accept a wider range of flowers.

"These small bees tend to be involved more with tasks inside the nest -- only going out to forage if food supplies in the colony are running low."

The study was conducted in collaboration with scientists from the University of Sussex.

The bees were observed in greenhouses at the University of Exeter's award-winning Streatham Campus, and Professor Hempel de Ibarra thanked the university's Grounds and Gardens team for their continued support.

The study was funded by the Leverhulme Trust.

Story Source:

Materials provided by University of Exeter. Note: Content may be edited for style and length.

The Link Lonk


December 28, 2020 at 10:56PM
https://www.sciencedaily.com/releases/2020/12/201228114601.htm

Big bumblebees learn locations of best flowers - Science Daily

https://news.google.com/search?q=Flower&hl=en-US&gl=US&ceid=US:en

Flower One Announces Appointment of Nitin Kaushal to Board of Directors - Yahoo Finance

flower.indah.link

Flower One Holdings Inc. ("Flower One" or the "Company") (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), a leading cannabis cultivator, producer and innovator in Nevada, today announced the appointment of Nitin Kaushal to its Board of Directors. Mr. Kaushal replaces Molly Hemmeter, who has resigned from the Board.

"We are excited to welcome Nitin to our Board of Directors, and wish to also thank Molly for her many contributions to our Board and the Company," said Ken Villazor, President and Chief Executive Officer. "Nitin brings to our Board more than 30 years of expertise in the cannabis, life sciences, and healthcare markets. He also has served on the audit, governance and compensation committees for more than a dozen U.S. and Canadian-listed public companies. His wealth of experience in the cannabis industry, extensive capital raising expertise, and strong relationships with key industry leaders and institutional investors will bring significant value to Flower One."

Mr. Kaushal has spent the past eight years as a Managing Director for PwC’s Corporate Finance practice in Toronto. Mr. Kaushal has held senior roles in investment banking, venture capital and consulting firms, including Desjardins Securities, Orion Securities, Vengate Capital Partners, HSBC Securities, Gordon Capital and MDS Capital Corp.

Commenting on his appointment to Flower One’s Board, Mr. Kaushal said that "It’s an honor to be appointed to the Flower One Board of Directors, and I look forward to working with the entire team to continue to strengthen the Company’s position in Nevada. Having served on a number of cannabis company boards, I hope to be able to leverage my deep industry knowledge to the benefit of Flower One as we position the Company for continued success."

Mr. Kaushal currently sits on the Board of Directors for several other publicly traded cannabis companies, including Delta Nine Cannabis Inc., The Valens Company and High Tide Inc., along with several biotech and healthcare industry companies. He earned his BSc in Chemistry from the University of Toronto, is a Chartered Accountant and holds his CF Corporate Finance Qualification.

About Flower One Holdings Inc.

Flower One is the largest cannabis cultivator, producer, and full-service, brand fulfillment 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 fulfillment to a growing number of industry-leading cannabis brands. Flower One currently produces a wide range of products ranging from wholesale flower, full-spectrum oils, and distillates to finished consumer packaged goods including: flower, pre-rolls, infused pre-rolls, concentrates, edibles, and topicals for the top-performing brands in cannabis. Flower One’s flagship, 400,000 square-foot greenhouse and 55,000 square-foot production facility is used for large-scale cannabis cultivation, processing and manufacturing. Flower One also operates a second production facility with 25,000 square-feet of indoor cultivation and a commercial kitchen that produce several of the nation’s top-performing edible brands.

The Company’s common shares are traded on the Canadian Securities Exchange under the Company’s 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.

Forward Looking Statement

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

Forward-looking statements may include, without limitation, statements relating to Nitin Kaushal’s ability to leverage his industry knowledge, extensive capital raising expertise and strong relationships with key industry leaders and institutional investors to the benefit of Flower One; the Company’s continued success; the Company's leadership as a cannabis cultivator, producer, innovator and full-service brand fulfillment partner in Nevada; the Company's ability to offer consistent, reliable and scalable fulfilment to its brand partners; the Company’s growing number of industry-leading cannabis brands; and the scale and capacity of Flower One's cultivation, processing, and manufacturing.

The Company is indirectly involved in the manufacture, possession, use, sale and distribution of cannabis in the recreational and medicinal cannabis marketplaces in the United States through its subsidiary Cana Nevada Corp. Local state laws where Cana Nevada Corp. operates permit such activities; however, these activities are currently illegal under United States federal law. Additional information regarding this and other risks and uncertainties relating to the Company’s business are contained under the heading "Risk Factors" in the Company’s Annual Information Form dated June 23, 2020 (the "Annual Information Form") filed on its issuer profile on SEDAR at www.sedar.com.

The forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement, the "Cautionary Statement regarding Forward-Looking Information" section contained in the Annual Information Form. All forward-looking statements in this press release are made as of the date of this press release. The forward-looking statements contained herein are also subject generally to assumptions and risks and uncertainties that are described from time to time in the Company’s public securities filings with the Canadian securities commissions, including the Company’s Annual Information Form.

Although Flower One has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended, including, but not limited to: dependence on obtaining regulatory approvals; investing in target companies or projects that are engaged in activities currently considered illegal under United States federal law; changes in laws; limited operating history; reliance on management; requirements for additional financing; competition; hindering market growth and state adoption due to inconsistent public opinion and perception of the medical-use and adult-use marijuana industry and; regulatory or political change.

Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this release. Flower One Holdings disclaims and does not undertake any intention or obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR THEIR REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201229005085/en/

Contacts

Flower One Investor Relations:
ir@flowerone.com

Flower One:
Kellen O’Keefe, Chief Strategy Officer
702.660.7775
kellen@flowerone.com

Ken Villazor, President and CEO
416.200.7641
kvillazor@flowerone.com

The Link Lonk


December 29, 2020 at 06:50PM
https://finance.yahoo.com/news/flower-one-announces-appointment-nitin-115000727.html

Flower One Announces Appointment of Nitin Kaushal to Board of Directors - Yahoo Finance

https://news.google.com/search?q=Flower&hl=en-US&gl=US&ceid=US:en