Off-market insider selling at Flower One Holdings (FONE)

Off-market insider selling at Flower One Holdings (C:FONE)

Jeffrey Madu, a 10% Holder, disposed of 20,000,000 Common Shares on a control or direction basis for registered holder Southlands Family Trust at a price of $0.127 through a private transaction on April 5th, 2021. The insider also disposed of 20,000,000 Common Shares on a control or direction basis for registered holder Yaletown Family Trust at a price of $0.127 through a private transaction on April 5th, 2021. This represents a $5,080,000 divestment of the company's shares and an account share holdings change of -82.2%.

Flower One Holdings is in the Pharmaceuticals Sub Industry Group under the Healthcare Sector.

Flower One Holdings Inc, formerly known as Theia Resources Ltd, is a Canada-based company engaged in cannabis business sector. The Company is a cultivator and producer of the recreational and medical cannabis. Through its subsidiaries, the Company is focused on investments towards development of approximately 455,000 square foot greenhouse space in Nevada dedicated to cultivation, production, processing and packaging of dry flower, cannabis oils, concentrates and infused products. The Company invests in development and production of a diverse range of product derivatives ranging from pre-rolls, oils, concentrates, distillates, edibles and topical, which are distributed through different channels: direct selling to Nevada's dispensaries, wholesale, contract cultivation, production and packaging, as well as retail.