Flora Growth Corp.’s $3.2 Million Public Offering

Flora Growth Corp. (FLGC) has released an update.

Flora Growth Corp., a global leader in cannabis consumer-packaged goods, has announced an underwritten public offering to raise approximately $3.23 million through the sale of 1.7 million common shares. The net proceeds from the offering, which is expected to close around April 8, 2024, will be used for general corporate and working capital purposes. CEO Clifford Starke and an existing investor have committed to purchasing shares, with Aegis Capital Corp. managing the book-running.

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