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 to 1,369,000 common shares (the "warrants") in a concurrent private placement (together with the registered direct offering, the "offering"). the combined purchase price for one common share and one warrant will be $2.00.
FLGC Ratings Summary
FLGC Quant Ranking