Flora Growth (FLGC) has released an update.
Flora Growth Corp., a global leader in consumer-packaged goods and pharmaceutical distribution, has successfully acquired Australian Vaporizers through a share purchase agreement, using 550,000 of its common shares. Australian Vaporizers, a major online retailer for vaporizers and aromatherapy products in Australia, has sold over 92,000 units to more than 30,000 active customers. The acquisition is set to enhance Flora’s bottom line and create potential synergies with its existing brand portfolio, particularly with the prospect of introducing Vessel Brand products to the Australian market.
For further insights into FLGC stock, check out TipRanks’ Stock Analysis page.
