Green Tortoise, page-53

Edmonton, Alberta (October 1, 2019) – Fire & Flower Holdings Corp. (“Fire & Flower” or the “Company”) (TSX: FAF), today announced its financial and operational results for the thirteen weeks ended August 3, 2019.

Financial and Operational Highlights for the thirteen weeks ended August 3, 2019

• 22 branded cannabis retail storesopen and operating across the provinces of Alberta, Saskatchewan and Ontario. Entered into agreements to acquire 13 additional licensed cannabis retail storesin the provinces British Columbia, Alberta and Saskatchewan.
• $15.6 million in system sales which includes corporate and licensed stores representing a 43% increase over Q1-2019.
• Total revenue of $11.1 million at a gross profit of 36.5%,compared to $9.5 million in Q1-2019 at a gross profit of 38.5%.
• Closed a bought deal private placement on June 26, 2019 of 27,188 convertible debenture units at a price of $1,000 per unit for total gross proceeds of $27.2 million.

FIRE AND FLOWER RESULTS