Flora Growth Corp. Announces Launch of Proposed Underwritten Public Offering of Common Shares
Fort Lauderdale, Florida--(Newsfile Corp. - April 3, 2024) - Flora Growth Corp. (NASDAQ: FLGC) (the "Company"), a cannabis focused consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000+ points of distribution around the world, today announced that it has commenced a public offering to offer and sell Common Shares. The Company intends to use the net proceeds from this offering for general corporate and working capital needs.In addition, the Company expects to grant Aegis...
2024-04-03 8:37 PM EDT
New Leader in German Cannabis Created with Acquisition of TruHC, Leading EU-GMP Medical Cannabis Producing Facility, on Historic Day Germany Legalizes Recreational Cannabis
Acquisition capitalizes on TruHC's leading German cannabis platform, including:EU-GMP processing and production licenseGDP wholesale license for import / exportEU-GMP certified customizable modules with flexibility to incorporate various production / packaging processes and which enable license extension for future in country cultivation and supply to cannabis dispensariesNarcotics license with EU-GMP certified storageEU-GMP certified laboratory for instant cannabis analysisTransaction combines Flora's extensive global CPG and pharmaceutical distribution network with TruHC's deep global cannabis expertise, including an executive team with extensive experien
2024-04-01 9:20 AM EDT
Flora Growth to Partner with Althea Group Holdings on Vessel Distribution in UK
Fort Lauderdale, Florida--(Newsfile Corp. - March 28, 2024) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a cannabis focused consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000+ points of distribution around the world, is pleased to announce the signing of an exclusive distribution agreement with Althea Group Holdings Limited ("AGH") for Vessel brands in the United Kingdom ("UK"). Vessel is a wholly owned subsidiary of the Company and a market leading...
2024-03-28 9:20 AM EDT
Flora Growth Plans to Expand Leading Global Genetics Business in Germany
Fort Lauderdale, Florida--(Newsfile Corp. - March 25, 2024) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a cannabis focused consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000+ points of distribution around the world, plans to launch a cannabis home grow kit, start up material seeds and cuttings in Germany in response to the first phase of Germany's new recreational cannabis legalization law. The German legal cannabis recreation market has the potential...
2024-03-25 9:20 AM EDT
Flora Growth Corp. Provides Update on Germany's Cannabis Legalization
Fort Lauderdale, Florida--(Newsfile Corp. - March 22, 2024) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a cannabis focused consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000+ points of distribution around the world, commends Germany's upper house lawmakers for passing the recreational cannabis legalization bill, after it was approved by the lower house last month. The law is now expected to come into effect on April 1, 2024. The law cleared...
2024-03-22 10:33 AM EDT
Flora Growth Corp. Applauds Germany's Vote to Legalize Recreational Cannabis
Fort Lauderdale, Florida--(Newsfile Corp. - February 26, 2024) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a cannabis focused consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000+ points of distribution around the world, applauds the German parliament for voting in favor of legalizing cannabis for recreation use. Flora's wholly-owned subsidiaries have been active in Germany since 2017, obtained the first medical cannabis license in Germany and are responsible for selling the...
2024-02-26 9:00 AM EST
Flora Growth Corp. To Chair U.S. Hemp Roundtable Board of Directors
Fort Lauderdale, Florida--(Newsfile Corp. - January 22, 2024) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000+ points of distribution around the world, is pleased to announce that Clifford Starke, the Company's Chief Executive Officer and Director, has been elected as Chairman of the U.S. Hemp Roundtable Board of Directors. "Given the current political environment, momentum is swinging in the right direction. We,...
2024-01-22 9:15 AM EST
Flora Growth Corp. Reports Record Q3 2023 with Net Income of $1.1 Million and EBITDA of $0.9 Million
Fort Lauderdale, Florida--(Newsfile Corp. - November 8, 2023) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000+ points of distribution around the world, reported today its financial and operating results for the three and nine months ended September 30, 2023. All financial information is provided in U.S. dollars unless indicated otherwise."The third quarter was a record quarter for Flora. Our efforts to cut...
2023-11-08 4:05 PM EST
Flora Growth Corp. Announces Resignation of Director
Fort Lauderdale, Florida--(Newsfile Corp. - October 16, 2023) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a global consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000+ points of distribution, has announced that Juan Carlos Roa Gomez resigned from his role as Director. About Flora Growth Corp. Flora Growth Corp. is a global consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000+ points of distribution. For...
2023-10-16 4:01 PM EDT
Flora Growth Corp. Announces Transition of Hussein Rakine from Director to Special Advisor
Fort Lauderdale, Florida--(Newsfile Corp. - October 2, 2023) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a global consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000+ points of distribution, has announced that Hussein Rakine resigned from his role as Director, but will continue as serve as a Special Advisor to the Company. "I would like to thank Mr. Rakine for his contributions to Flora. Mr. Rakine is a serial entrepreneur and...
2023-10-02 4:01 PM EDT
Flora Growth Corp. Announces Pricing of $2.7 Million Registered Direct Offering and Concurrent Private Placement
Fort Lauderdale, Florida--(Newsfile Corp. - September 19, 2023) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a global consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000+ points of distribution, announced today that it has entered into securities purchase agreements with institutional investors for the purchase and sale of 1,369,000 of the Company's common shares, no par value (the "Common Shares"), pursuant to a registered direct offering, and warrants to purchase up...
2023-09-19 8:00 AM EDT
Flora Growth Corp. to Acquire Australian Vaporizers; Expects Immediate Profit Contribution
Fort Lauderdale, Florida--(Newsfile Corp. - September 18, 2023) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a global consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000+ points of distribution, has entered into a definitive agreement (the "Agreement") to acquire Australian Vaporizers Pty Limited ("Australian Vaporizers") to acquire all of the issued and outstanding shares of Australian Vaporizers in exchange for 600,676 Flora common shares, valued at $1.7 million based on the...
2023-09-18 6:05 AM EDT
Flora Growth Corp. and TruHC Pharma GmbH Establish Strategic Partnership to Grow Market Share in Germany
Fort Lauderdale, Florida--(Newsfile Corp. - August 17, 2023) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a global consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000+ points of distribution, has entered a partnership with TruHC Pharma GmbH ("TruHC"), a medical cannabis expert based in Hamburg, Germany. TruHC holds an EU-GDP certification as an importer, distributor and manufacturer of medical cannabis, and operates a production facility with a cutting-edge cannabis laboratory...
2023-08-17 4:30 PM EDT
Flora Growth Corp. Reports Second Quarter 2023 Financial Results
Fort Lauderdale, Florida--(Newsfile Corp. - August 10, 2023) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000+ points of distribution around the world, reported today its financial and operating results for the three and six months ended June 30, 2023. All financial information is provided in U.S. dollars unless indicated otherwise."The second quarter marked a transitional phase for Flora. Our dedicated efforts were...
2023-08-10 4:01 PM EDT
Flora Growth Corp. Announces an Exclusive Worldwide Partnership with Legendary Superstar Hulk Hogan
Fort Lauderdale, Florida--(Newsfile Corp. - August 1, 2023) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a consumer-packaged goods leader serving all 50 states and 13 countries with 15,000+ points of distribution around the world and a pharmaceutical distributor in 28 countries, is proud to announce that it has entered an exclusive worldwide partnership with WWE legend Hulk Hogan. Flora will launch legendary superstar Hulk Hogan's comprehensive consumer products portfolio through Just Brands. Under the agreement,...
2023-08-01 4:01 PM EDT
Flora Growth Corp. Announces Update on Sale of Colombian Assets; Expects Asset Sale to Contribute to Anticipated Annual Savings of US$6.1 million
Fort Lauderdale, Florida and Toronto, Ontario--(Newsfile Corp. - July 25, 2023) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a consumer-packaged goods leader serving all 50 states with 15,000+ points of distribution around the world and a pharmaceutical distributor in 28 countries, today provided an update with respect to the purchase and sale agreement for the sale of its Colombian related subsidiaries and assets to a private company in consideration for C$0.8 million, entered into on...
2023-07-25 4:30 PM EDT
Flora Growth Corp. Appoints Clifford Starke as Chief Executive Officer and Dany Vaiman as Chief Financial Officer; Regains Compliance with NASDAQ Minimum Bid Requirement
Fort Lauderdale, Florida--(Newsfile Corp. - June 27, 2023) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a consumer-packaged goods leader serving all 50 states with 15,000+ points of distribution around the world and a pharmaceutical distributor in 28 countries, announced today that Clifford Starke has been appointed as Chief Executive Officer to lead its global operations and Dany Vaiman has been appointed as Chief Financial Officer. Mr. Starke, who previously served as President of the Company, takes over...
2023-06-27 4:05 PM EDT