fire  flower holdings corp said it will postpone its proposed nasdaq listing the torontobased cannabis consumer retail and technology company said it made the decision to focus capital on business growth in challenging public and capital market conditions the move comes after a chief executive officer transition at the company earlier this month fire  flower on tuesday reported firstquarter total revenue of 409 million canadian dollars 317 million down from c441 million a year earlier and missing factset consensus for 431 million the company cited increasing competition from new licences issued and pricing pressures in the cannabis retail market a basic loss per share was c027 for the quarter ended april 30 was narrower than the year earlier loss of c206 the factset consensus forecast was for c015 competitive pressures licence expansion outpacing market growth and a growing valueoriented customer base have created challenging market conditions for the industry as a whole chief executive stephane trudel said with these market conditions we look to optimize our retail network and have already seen favourable indications on our expanded spark perks member pricing program mr trudel said mr trudel in early june was named chief executive and trevor fencott stepped down from his role as ceo