Flower One Announces Exclusive Brand Partner Agreement with Premium California Brand and Pre-Roll Innovator Lift Ticket Laboratories

Lift Tickets is known for their industry-leading innovation and pre-roll production methodology including the use of glass smoking tips, proprietary live-resin and terpene-infused rolling papers, and concentrate-infused pre-rolls 

LAS VEGAS, Nev., June 22, 2020 /CNW/ - Flower One Holdings Inc. ("Flower One" or the "Company") (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), a leading cannabis cultivator, producer and innovator in Nevada, is pleased to announce its latest partnership agreement with Lift Ticket Laboratories. Through this partnership, Flower One will become the exclusive brand production partner for the Lift Tickets brand in the state of Nevada, bringing all of Lift Tickets Laboratories' award-winning pre-roll products to Nevada. Additionally, Lift Tickets Laboratories will be implementing several industry-leading¹ proprietary pre-roll production methods and techniques at Flower One's flagship greenhouse facility to further enhance the Company's pre-roll manufacturing capabilities.

"The team at Flower One is very excited to partner with Lift Ticket Laboratories, an industry leader in pre-roll innovation and manufacturing. Their product quality, user experience, and list of brand collaborators is second-to-none and will make excellent additions to the Nevada market and our Company's brand portfolio," said Kellen O'Keefe, Flower One's Chief Strategy Officer.

"We've always had our eye on Nevada knowing that our loyal fan base in the state has been patiently waiting for us to enter that market," said Emmet, Founder and CEO of Lift Ticket Laboratories. "When it comes to cannabis facilities, it was clear that Flower One is in a league of their own and the perfect partner for us in Nevada. On behalf of all of the Lift Ticket family, we can't wait to bring our award-winning products to Las Vegas!"

Lift Ticket branded products are expected to hit shelves in Nevada this summer, including collaborations with other Flower One premium brand partners such as Cookies and Heavy Hitters. Lift Ticket products include 2-gram infused pre-rolls, 1-gram infused pre-rolls, and half-gram infused pre-rolls as well as a variety of multi-packs featuring glass tips and other custom formulations that highlight their signature papers, premium flower, and a variety of premium concentrates. 

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'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 owns and operates a second production facility in Las Vegas, with 25,000 square-feet of indoor cultivation and a commercial kitchen that will produce several of the nation's top-performing edible brands. Flower One produces a wide range of products ranging from wholesale flower, full-spectrum oils, and distillates to finished consumer packaged goods including flower, pre-rolls, concentrates, edibles, and topicals for the top-performing brands in cannabis.

The Company's common shares are traded on the CSE 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

About Lift Tickets

Lift Tickets was founded in 2014 by cannabis enthusiasts and connoisseurs looking to elevate the consumer experience and revolutionize the pre-roll category. Passionate strain hunters and aficionados, they developed their unique skills over the last decade, creating several award winning pre-roll products featuring industry-leading innovations and production methods including but not limited to the use of glass tips, proprietary live-resin and terpene infused rolling papers, and several unique methods and formulations for concentrate infused pre-rolls. All of Lift Tickets methods are designed to produce the best pre-roll experience on the planet, incorporating the finest materials, precise production methods, and proprietary techniques to assure that airflow, burn, and the overall experience meet the Lift Ticket standard. Lift Tickets has collaborated with some of the top cultivators and brands in the industry including but not limited to Cookies, WonderBrett, Dr. Green Thumbs, Cannabis Brothers, Cali Kush Farms, A Golden State, Blue River Terps, and Ember Valley Farms. Lift Tickets has also won multiple industry awards.

To learn more, please visit www.Lifttickets710.com. For the latest releases, product information, merchandise, and media requests please contact [email protected]

¹ A sample of Lift Tickets industry awards can be viewed here.

Cautionary Note Regarding Forward-Looking Information

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 new industry-leading proprietary pre-roll production methods; the Company's pre-roll manufacturing capabilities; product quality; user experience; brand collaborators; potential collaboration among brand partners; the date when Lift Ticket branded products are expected to hit shelves in Nevada; 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 a growing number of brand partners; and the production of a wide range of products for the nation's top-performing brands in cannabis.

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 June 15, 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.

SOURCE Flower One Holdings Inc.