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 closing price of flora's common shares on september 15, 2023, subject to working capital adjustments. the transaction is expected to close in the fourth quarter of 2023.
FLGC Ratings Summary
FLGC Quant Ranking