Flower One Holdings Inc. (“Flower One” or the “Company”) (CSE:FONE, OTCQX:FLOOF) – Nevada’s leading cannabis cultivator, producer, and full-service brand fulfillment partner – today announces its brand partnership with California-born Kiva Confections (“Kiva”), bringing their industry-leading, premium cannabis confections to the Nevada market. A nine-year old industry leader known for their precise, discreet, and delicious edibles, Kiva’s presence in Nevada will redefine consumers’ expectations of cannabis confections.
Kiva’s Camino Gummies will be the first product line to launch in Nevada retailers in 2019. Pairing custom combinations of THC, CBD, and a range of carefully curated terpenes, Camino provides the most tailored cannabis experience on the market. Camino Gummies will be available in the following flavors and effects: Wild Berry (“Chill”), Sparkling Pear (“Social”), Pineapple Habanero (“Uplifting”), Wild Cherry (“Excite”), and Watermelon Lemonade (“Bliss”). Camino will provide the same portable experience popularized by Kiva’s best-selling Terra Bites in California, and be packaged in a convenient, shareable, and re-usable tin.
According to Headset, a leading cannabis industry analytics services provider, Kiva currently occupies 5 of the top 10 selling edibles products in the state of California.
“We are thrilled to announce the addition of Kiva Confections – California’s leading edible brand – to Flower One’s growing portfolio of Brand Partners,” said Kellen O’Keefe, Chief Strategy Officer at Flower One. “Kiva’s built an industry-leading, premium brand focused on quality and consistency. Their delicious, low-dose options and unique formulations will make excellent additions to Nevada’s growing variety of exceptional cannabis products.”
“With Flower One’s production and cultivation expertise, we are confident that this partnership will allow us to build on the business reputation and loyal following we have established in California – one of the most competitive and evolved cannabis markets in the world,” said Scott Palmer, Co-Founder and CEO at Kiva Confections. “It’s reassuring to know that Nevada’s locals, and the over 55 million tourists that travel to the state each year, will now have reliable and direct access to our delicious, trustworthy, award-winning edibles.”
Kiva’s product portfolio also includes its award-winning Kiva Bars, Petra Mints, Terra Bites, and Singles, all of which are scheduled to launch in Nevada retailers in 2020.
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 and beverage 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, beverages, and topicals for the top-performing brands in cannabis.
The Company’s common shares are traded on the Canadian Securities Exchange under the Company’s symbol “FONE” and in the United States on the OTCQX Best Market under the symbol “FLOOF”. For more information, visit: https://flowerone.com
About Kiva Confections
Kiva was founded in 2010 with a clear mission – change how the world views and uses cannabis. Frustrated by the inconsistent, low-quality edibles available at the time, a young couple began making chocolate bars out of their Bay Area home kitchen. Today, their award-winning chocolates, mints, and gummies are the most precise, discreet, and delicious on the market. For this, Kiva has become the most recognized edible brand in cannabis and the leading edible company in California. In addition to California and Nevada, Kiva products can be found in Arizona, Illinois, Michigan and Hawaii. For more information, visit: https://kivaconfections.com
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 the Company’s ability to maintain its ongoing harvest at the Company’s greenhouse and to expand the product offerings in Nevada; Company’s leadership in cannabis cultivation, production and full-service brand fulfillment partner; the launch of the Kiva’s Camino Gummies product line in Nevada in 2019 and Petra Mints, Terra Bites, and Singles over the course of 2020; the impact of Kiva’s presence in Nevada on the consumers’ expectations of cannabis confections; the cannabis experience to be provided by Camino; the potential availability of flavors and effects of Camino Gummies; Kiva’s ability to continue to occupy 5 of the top 10 selling edibles products in the state of California and remain as California’s leading edible brand; the impact of Kiva on Nevada’s growing variety of exceptional cannabis products; Flower One’s ability to build on the business reputation and loyal following that Kiva has established in California; the competitiveness and evolution of the California market; the number of tourists in Nevada each year; Flower One and Kiva’s ability to supply delicious, trustworthy and award-winning edibles in Nevada; the Company’s leadership as a cannabis cultivator, producer and full-service brand fulfillment partner; the Company’s ability to offer consistent, reliable and scalable fulfilment to its brand partners; and the production of a wide range of products including products of the top-performing edibles and beverage brands.
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 base shelf prospectus of the Company dated October 22, 2019 and the prospectus supplement of the Company dated November 8, 2019 (collectively, the “Prospectuses”) 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 “Forward-Looking Statements” section contained in the Company’s Prospectuses. 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 Prospectuses.
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.