Clifford Starke's Holdings in Flora Growth Corp.

Core Viewpoint - Clifford Starke has significantly increased his holdings in Flora Growth Corp. through the issuance of stock appreciation rights (SARs), which may indicate a bullish outlook on the company's future performance [2][3]. Group 1: Shareholder Actions - On August 14, 2024, shareholders of Flora Growth Corp. approved the issuance of 1,028,665 SARs to Clifford Starke, along with an additional 575,319 SARs on the same date [2]. - The SARs will vest in 12 equal installments and have a ten-year term, with a post-termination exercise price of one year [2]. Group 2: Ownership Structure - Prior to the acquisition, Starke owned 1,340,056 common shares, representing approximately 10.03% of the outstanding shares of Flora Growth Corp. [3]. - After the acquisition, Starke's holdings increased to 2,944,091 common shares, equating to approximately 16.44% of the outstanding shares on a fully-diluted basis [3]. Group 3: Future Intentions - Starke may acquire additional common shares or other securities of Flora Growth Corp. in the future, depending on market conditions and the company's prospects [4]. - Currently, Starke has no immediate intention to acquire more securities but may adjust his holdings based on evaluations of the company's business and financial condition [6].