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

Group 1 - Flora Growth Corp. announced the closing of a registered direct offering to institutional investors for approximately $3.6 million of Common Shares at a price of $1.25 per share [1][2] - The offering consisted of the sale of 2,850,000 Common Shares, with aggregate gross proceeds expected to be around $3.6 million [2] - The net proceeds from the offering will be used for general corporate purposes and working capital [2] Group 2 - Aegis Capital Corp. acted as the Exclusive Placement Agent for the offering, while Dorsey & Whitney LLP and Kaufman & Canoles, P.C. served as legal counsel for the Company and Aegis Capital Corp., respectively [3] - The offering was 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 - Flora Growth Corp. is a cannabis-focused consumer-packaged goods leader and pharmaceutical distributor, serving all 50 states and 28 countries with over 20,000 points of distribution globally [6]