Flora Growth Corp. Announces 1-for-39 Share Consolidation

Core Points - Flora Growth Corp. will implement a 1-for-39 share consolidation effective at 5:00 p.m. Eastern Time on August 3, 2025, with trading on a post-consolidation basis starting August 4, 2025 [1][3] - The share consolidation was previously approved by shareholders at a meeting on June 30, 2025, allowing for a consolidation ratio between 1-for-10 and 1-for-100, with the final decision made by the board of directors [2] - The primary goal of the share consolidation is to increase the bid price of the common shares to comply with Nasdaq Capital Market listing requirements [3] Share Consolidation Details - Every 39 common shares will be reclassified into one new common share, with no modification to the rights or preferences of the shares [4] - The consolidation will not affect the par value of the common shares or the voting power of shareholders [5] - No fractional shares will be issued; shareholders entitled to a fractional share will receive an additional fraction to round up to the next whole share [6] Shareholder Impact - Shareholders holding pre-consolidation shares through banks or brokers will have their positions automatically adjusted without needing further action [7] - Registered shareholders with electronic book-entry shares will also not need to take additional steps for the consolidation [7] - Additional information regarding the share consolidation is available in the definitive proxy statement filed with the SEC on May 6, 2025 [8]