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By The Online Investor Staff, updated Wed., May. 8, 2:41 PM
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Secondary Stock Offerings| This Slide: #18 of 25 |
Slide #18. Flora Growth Corp. — Secondary Offering
Company:
Flora Growth Corp. (NASDAQ:FLGC)
Date announced:
4/3/2024
Shares Offered:
1,700,000
Date of Pricing:
4/4/2024
Price Per Share:
$1.90
Secondary Offering Details:
Flora Growth Corp. (NASDAQ: FLGC) (the "Company"), a cannabis focused consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000+ points of distribution around the world, today announced that it has commenced a public offering to offer and sell Common Shares. The Company intends to use the net proceeds from this offering for general corporate and working capital needs. In addition, the Company expects to grant Aegis Capital Corp. a 45-day option to purchase additional Common Shares of up to 15% of the number of Common Shares sold in the Offering solely to cover over-allotments, if any. -updated 4/4- Flora Growth Corp. (NASDAQ: FLGC) (the "Company"), a cannabis focused consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000+ points of distribution around the world, announced the pricing of its underwritten public offering (the "Offering") of 1.7 million common shares (the "Common Shares") for aggregate gross proceeds of approximately $3.23 million, prior to deducting underwriting discounts and other offering expenses. The Company's Chief Executive Officer, Clifford Starke, and an existing investor have agreed to purchase, and have been allocated by Aegis Capital Corp., Common Shares in the Offering.
Flora Growth is engaged in the growth, cultivation, and development of medicinal cannabis and medicinal cannabis derivative products. Co. is also engaged in the beauty products, hemp industries, beverage and food and pharmaceuticals and nutraceuticals.
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 91st percentile
(ranked higher than approx. 91% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
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