Flora Growth Corp. Announces Proposed Underwritten Public Offering

Core Viewpoint - Flora Growth Corp. has initiated an underwritten public offering of its common shares, with the offering subject to market conditions and no assurance on completion or terms [1]. Group 1: Offering Details - The offering is being managed by R.F. Lafferty & Co., Inc. as the sole book-running manager [2]. - The common shares are offered under a "shelf" registration statement on Form S-3, which was filed with the SEC on August 25, 2023, and declared effective on September 6, 2023 [2]. - A prospectus supplement detailing the terms of the public offering will be filed with the SEC and will be part of the effective registration statement [3]. Group 2: Company Overview - Flora Growth Corp. is set to be rebranded as ZeroStack and is the first Nasdaq-listed asset management company focused on decentralized AI [6]. - The company operates a global pharmaceutical distribution business through its wholly owned subsidiary, Phatebo GmbH [6].