Flora Growth Corp. Announces Pricing of $3.6 Million Registered Direct Offering

Core Viewpoint - Flora Growth Corp. has announced a registered direct offering with institutional investors for approximately $3.6 million in Common Shares at a price of $1.25 per share [1][2]. Group 1: Offering Details - The offering consists of the sale of 2,850,000 Common Shares, with aggregate gross proceeds expected to be around $3.6 million [2]. - The transaction is anticipated to close on or about December 16, 2024, pending customary closing conditions [2]. - The net proceeds from the offering will be used for general corporate purposes and working capital [2]. Group 2: Legal and Regulatory Information - Aegis Capital Corp. is acting as the Exclusive Placement Agent for the offering, while Dorsey & Whitney LLP and Kaufman & Canoles, P.C. are serving as legal counsel for the Company and Aegis Capital Corp., respectively [3]. - The offering is made under an effective shelf registration statement on Form S-3, which was declared effective by the SEC on September 6, 2023 [4]. Group 3: Company Overview - Flora Growth Corp. is a cannabis-focused consumer-packaged goods leader and pharmaceutical distributor, operating in all 50 states and 28 countries with over 20,000 points of distribution globally [7].