Flower One Hires Tim Shoemake as Chief Operating Officer

Mr. Shoemake brings over 25 years of experience in global agriculture, and food and beverage manufacturing for some of the world’s largest brands and retailers

Flower One Holdings Inc. (“Flower One” or the “Company”) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), the leading cannabis cultivator and producer in Nevada, today announced the appointment of Tim Shoemake as its Chief Operating Officer, effective June 28, 2022.

“We are very excited to have Tim on board, as he brings a unique combination of experience both inside and outside of cannabis to the table,” said Kellen O’Keefe, Flower One’s President & CEO. “Tim’s expertise in large-scale, highly competitive perishable goods manufacturing makes him a valuable asset, and we look forward to working closely with him to assure we deliver the quality and consistency needed to be successful.”

“I am thrilled to be part of such a fantastic organization, with a clear vision and deep commitment to doing things right. The leadership team is one of the best in the industry, and I am looking forward to helping Flower One achieve its goals,” said Tim Shoemake, Flower One’s COO.

Tim Shoemake has over 25 years of experience in global agriculture, and food and beverage manufacturing for some of the largest brands and retailers in the world. Tim has founded multiple companies in the food and agriculture industries, leading to successful exits. His agriculture experience includes complex supply chain and large-scale juice production for industry heavyweights such as Odwalla (The Coca Cola Company), Naked Juice (PepsiCo) and Evolution Fresh (Starbucks). Tim’s career in private label juice manufacturing includes exclusive partnerships with grocery leaders such as Costco and Safeway. Tim has true seed to sale experience across multiple industries. After entering cannabis, Tim has worked in the industry for both multistate and publicly-traded companies in California, Colorado, and Nevada. Mr. Shoemake is a graduate of Pepperdine University’s Graziadio School of Business and Management, and has served on multiple boards, including Cal Poly San Luis Obispo’s Agribusiness Advisory Council and the Orange County Fair’s Centennial Farm Foundation. He is a certified connoisseur, having completed the rigorous Ganjier Certification courses, as a Certified Ganjier candidate.

“Finding somebody with Tim’s level of experience, that also aligns with our culture at Flower One is no easy task. We have searched long and hard for the right talent, and are proud to welcome Tim to our executive team,” said Salpy Boyajian, Flower One’s Executive Vice President & Board Chairman.

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 (Cookies, Kiva, Old Pal, Heavy Hitters, Lift Ticket’s, The Clear, HUXTON, and Flower One’s leading in-house brand, NLVO, and more). Flower One currently produces a wide range of products from flower, full-spectrum oils, and distillates to finished consumer packaged goods, including a variety of: pre-rolls, concentrates, edibles, topicals, and more for top-performing brands in cannabis. Flower One’s Nevada footprint includes the Company’s flagship facility, a 400,000 square-foot high-tech greenhouse and 55,000 square-foot production facility, as well as a second site with a 25,000 square-foot indoor cultivation facility and commercial kitchen. Flower One has built an industry-leading team focused on making high-quality cannabis accessible to all.

The Company’s common shares are traded on the Canadian Securities Exchange 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.

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 pertaining to: the Company’s leadership as a cannabis cultivator, producer, innovator and full-service brand fulfillment partner; and the production of a wide range of products for the nation’s top-performing brands.

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 the Company’s management’s discussion and analysis for the three and six months ended September 30, 2021 (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.

Although the Company believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this press release are made as of the date of this release. Flower One 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.

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