Flora Growth Corp, an all-outdoor cultivator and manufacturer of cannabis-derived products and brands, today announced the pricing of its initial public offering of 3,333,333 shares of its common stock, at the high end of the proposed price range of US$5.00 per share to the public for a total of US$16,666,665 of gross proceeds to the Company. The common stock is expected to begin trading on the Nasdaq Capital Market today under the symbol “FLGC.” The offering is expected to close on May 13, 2021, subject to customary closing conditions. Boustead Securities, LLC acted as the sole underwriter for the offering (the “Underwriter”) with MKM Partners acting as co-Manager. The Underwriter has been granted an overallotment option to purchase up to an additional 500,000 Common Shares in the next 45 days at the offering price of $5.00 per share. The offering is being made only by means of a prospectus.

Published Ncv Newswire, New Cannabis Ventures, 05/11/2021 08:53:00

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