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, has announced a public offering. The offering is for the company’s common shares traded on the NASDAQ market. According to the announcement, Flora Growth plans to use the funds from the offering for general corporate and working capital purposes. Aegis Capital Corp. is acting as the sole book-running manager for the offering, and Flora Growth anticipates granting Aegis Capital a 45-day option to purchase additional common shares to cover any overallotments. “The final terms of the offering will depend on market and other conditions at the time of pricing, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering,” the press release stated.
To view the full press release, visit https://ibn.fm/oDHp0
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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