Flora Growth (NASDAQ: FLGC), a cannabis-focused consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000-plus points of distribution around the world, is reporting the pricing on its underwritten public offering. According to the announcement, the offering includes 1.7 million common shares valued at approximately approximately $3.23 million, before the deduction of underwriting discounts and other offering expenses. The announcement noted that the shares in the offering, which should close approximately April 8, 2024, will be purchased by Flora Growth CEO Clifford Starke and an existing investor. Flora Growth anticipates using the funds from the offering for general corporate and working capital purposes. The offering is subject to customary closing conditions.
Aegis Capital Corp. is acting as the sole book-running manager for the Offering.
To view the full press release, visit https://ibn.fm/KJ840
About Flora Growth Corp.
Flora Growth is a cannabis-focused, consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000-plus points of distribution around the world. For more information about the company, please visit www.FloraGrowth.com.
NOTE TO INVESTORS: The latest news and updates relating to FLGC are available in the company’s newsroom at https://ibn.fm/FLGC
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