Flora Growth Corp. (FLGC) has released an update.
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Flora Growth Corp., a consumer-packaged goods and pharmaceutical leader, has acquired TruHC Pharma GmbH to establish a strong foothold in Germany’s burgeoning cannabis market. The $6.4 million deal secures Flora a range of strategic assets, including licenses for EU-GMP processing, production, and narcotics handling, positioning the company to capitalize on Germany’s expected federal legalization of cannabis. This move comes as Germany is set to become the largest federally legal cannabis market, with significant growth potential for both medical and recreational use.
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