Flora Growth (FLGC) has released an update.
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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.