Flora growth corp. closes acquisition of australian vaporizers

Fort lauderdale, florida--(newsfile corp. - june 5, 2024) - flora growth corp. (nasdaq: flgc) ("flora" or the "company") has entered into a share purchase agreement (the "agreement") to acquire of all of the issued and outstanding shares of australian vaporizers pty limited ("australian vaporizers") in exchange for 550,000 flora common shares, valued at $0.7 million based on the closing price of flora's common shares on june 3, 2024, subject to working capital adjustments. the transaction closed on june 4, 2024.
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