Canadian marijuana retail chain Fire & Flower Holdings says it is “reviewing strategic options including financing options,” as the company requires more funding to continue doing business.
Fire & Flower “is actively pursuing financing options to raise additional capital in order to fund its operations, meet its future growth targets and continue to operate as a going concern,” said the company in a late Friday news release.
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“There is no assurance that these initiatives will be successful, timely or sufficient.”
In a May 15 regulatory filing, Fire & Flower management stated that its ability to continue as a going concern depended on “increasing revenues, improving profitability and cash flows, availability of funding from debt, warrants and other capital market alternatives.”
“The company will require additional financing from debt, equity, and/or other capital market alternatives in the next 12 months,” wrote Fire & Flower management.
“The
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