Flora Growth Corp. (FLGC) has released an update.
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Flora Growth Corp. has announced its strategic acquisition of TruHC pharma GmbH, a move amplifying its presence in the German and European cannabis markets on the same day Germany legalizes recreational cannabis. The all-stock deal, valued at $6.4 million, involves Flora issuing 2,770,562 common shares and is set to position the company as a leading supplier in the world’s potentially largest federally legal cannabis market. The acquisition combines Flora’s global distribution network with TruHC’s German EU-GMP certified production facility and expertise in the cannabis industry.
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