Flora Growth Corp. Bolsters Market Position

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

Flora Growth Corp., a leader in consumer-packaged goods and pharmaceuticals, has announced significant first quarter results for 2024, including the strategic acquisition of TruHC Pharma GmbH. The acquisition strengthens Flora’s position in Germany’s evolving cannabis market, providing licenses and facilities for medical cannabis production and distribution. The company has also raised funds through an underwritten offering of common shares and established an ATM Issuances Sales Agreement, reflecting a proactive stance in response to potential U.S. federal policy changes on cannabis.

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