/NOT FOR DISSEMINATION IN THE UNITED
STATES OR FOR DISTRIBUTION TO UNITED
STATES WIRE SERVICES/
TORONTO, Aug. 12,
2022 /CNW/ - Fire & Flower Holdings Corp.
("FFHC", "Fire & Flower" or the "Company") (TSX: FAF) (OTCQX:
FFLWF) announces that Guillaume Léger has tendered his resignation
from the board of directors of the Company (the "Board") effective
August 11, 2022. Mr. Léger was
elected to the Board of the Company at its annual general and
special meeting of shareholders held on July
25, 2022, pursuant to the terms of an investor rights
agreement between the Company and ACT dated August 7, 2019 (the "IRA").
Pursuant to the terms of the IRA, ACT has designated
Suzanne Poirier as its nominee to
the Board to replace Guillaume Léger. The Board intends to appoint
Ms. Poirier to the Board effective August
11, 2022 to fill the vacancy created by the resignation of
Mr. Léger.
"On behalf of the Board of Directors, I welcome Suzanne to the
Board as Fire & Flower and Alimentation Couche-Tard continue
their strategic partnership," said Donald
Wright, chair of the Board.
Ms. Poirier is Senior Vice President of Operations for ACT and
is based in Montreal, Quebec. She
joined ACT in 2018 as Vice President and Controller and since held
various roles with progressively increasing responsibilities
including Global Finance and Supply Chain Optimization and VP of
North America Operations Excellence. Prior to ACT, she held the
position of Vice President Financial Planning, at the Canadian
National Railway, and Senior Vice President Finance & Strategic
Planning at Sobeys. She also held various controller positions with
Canadian National Railway Company from 2010 to 2015 and with
Imperial Tobacco Canada Limited from 2000 to 2010. Ms. Poirier
brings considerable knowledge in publicly held companies. She has
over 30 years of experience within a broad set of roles in
financial management, supply chain and operations. Ms. Poirier
earned a Graduate Diploma in Accountancy and a Bachelor of Commerce
degree in Accountancy, with Distinction from Concordia University and is a Canadian CPA. She was
also Audit Committee Chair of GURU Organic Energy Corp. from 2020
to 2022.
About Fire & Flower
Fire & Flower is a leading, technology-powered, adult-use
cannabis retailer with more than 90 corporate-owned stores in its
network. The Company leverages its wholly-owned technology
development subsidiary, Hifyre Inc., to continually advance its
proprietary retail operations model while also providing additional
independent high-margin revenue streams. Fire & Flower guides
consumers through the complex world of cannabis through
education-focused, best-in-class retailing while the Hifyre digital
retail and analytics platform empowers retailers to optimize their
connections with consumers. The Company's leadership team combines
extensive experience in the technology, logistics, cannabis and
retail industries.
Through the strategic investment of Alimentation Couche-Tard
Inc. (owner of Circle K convenience stores), the Company has set
its sights on global expansion as new cannabis markets emerge and
is poised to expand into the United
States when permitted through its strategic licensing
agreement with Fire & Flower U.S. Holdings upon the occurrence
of certain changes to the cannabis regulatory regime.
Fire & Flower is a multi-banner cannabis retail operator
that owns and operates the Fire & Flower, Friendly Stranger,
Happy Dayz and Hotbox brands. Fire & Flower Holdings Corp. owns
all issued and outstanding shares in Fire & Flower Inc. and
Friendly Stranger Holdings Corp., licensed cannabis retailers that
own and operate cannabis retail stores in the provinces of
British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, and the Yukon territory.
To learn more about Fire & Flower,
visit https://www.fireandflower.com.
CAUTIONARY STATEMENT REGARDING
FORWARD-LOOKING INFORMATION
This news release contains certain forward-looking
information within the meaning of applicable Canadian securities
laws ("forward-looking statements"). All statements other than
statements of present or historical fact are forward-looking
statements. Forward-looking statements are often, but not always,
identified by the use of words such as "anticipate", "achieve",
"could", "believe", "plan", "intend", "objective", "continuous",
"ongoing", "estimate", "outlook", "expect", "project" and similar
words, including negatives thereof, suggesting future outcomes or
that certain events or conditions "may" or "will" occur.
These statements are only predictions.
Forward-looking statements are based on the opinions and
estimates of management of FFHC at the date the statements are made
based on information then available to the Company. Various
factors and assumptions are applied in drawing conclusions or
making the forecasts or projections set out in forward-looking
statements. Forward-looking statements are subject to and
involve a number of known and unknown risks and uncertainties, many
of which are beyond the control of FFHC, which may cause FFHC's
actual performance and results to differ materially from any
projections of future performance or results expressed or implied
by such forward-looking statements. No assurance can be given that
the expectations reflected in forward-looking statements will prove
to be correct.
FFHC assumes no obligation to publicly update or revise
forward-looking statements to reflect new information, future
events or otherwise, except as expressly required by applicable
law.
SOURCE Fire & Flower Holdings Corp.