Flora Growth (FLGC) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Flora Growth Corp. has successfully closed a registered direct offering, raising approximately $3.6 million through the sale of 2.85 million common shares at $1.25 each. The company plans to utilize the proceeds for general corporate purposes and working capital. Aegis Capital Corp. served as the exclusive placement agent for the offering.
For further insights into FLGC stock, check out TipRanks’ Stock Analysis page.