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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Flora Growth Corporation | NASDAQ:FLGC | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.20 | 1.18 | 1.41 | 31 | 09:00:00 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
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(State or other jurisdiction | (Commission | (IRS Employer |
of incorporation) | File Number) | Identification No.) |
(Address of principal executive offices) (ZIP Code)
Registrant’s telephone number, including area code: (
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbols | Name of each exchange on which registered | ||
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b -2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 2.01 Completion of Acquisition or Disposition of Assets
On November 1, 2023 Flora Growth Corp., a corporation organized under the laws of the Province of Ontario ("Flora" or the "Company"), completed the previously disclosed sale of its shares in Flora Growth Corp Colombia S.A.S., Flora Lab S.A.S., Flora Med S.A.S., Cosechemos Ya S.A.S., Kasa Wholefoods Company S.A.S. and other related Flora assets related to its Colombian operations (the "Sale") pursuant to a Share Purchase Agreement, as amended (the "Share Purchase Agreement"), by and between Flora and Lisan Farma Colombia LLC ("Lisan"), a Delaware limited liability company.
The principal assets underlying the Sale relate to Flora's Colombian operations and include:
Pursuant to the terms of the Share Purchase Agreement, all assets underlying the Sale were transferred to Lisan on an "as is where is" basis.
The foregoing descriptions of the Share Purchase Agreement are only summaries and are qualified in their entirety by reference to the full text of the Share Purchase Agreement and Amendment No. 1, which are filed as Exhibits 10.1 and 10.2, respectively, to the Company's Current Report on Form 8-K filed with the United States Securities and Exchange Commission on July 11, 2023 and incorporated by reference in this Item 2.01.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
104 | Cover Page Interactive Data File (formatted as inline XBRL) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
FLORA GROWTH CORP. | ||
Date: November 3, 2023 | By: | /s/ Clifford Starke |
Name: | Clifford Starke | |
Title: | Chief Executive Officer |
Document and Entity Information Document |
Nov. 01, 2023 |
---|---|
Document Information [Line Items] | |
Document Type | 8-K |
Document Creation Date | Nov. 01, 2023 |
Document Period End Date | Nov. 01, 2023 |
Amendment Flag | false |
Entity Registrant Name | Flora Growth Corp. |
Entity Address, Address Line One | 3406 SW 26th Terrace, Suite C-1 |
Entity Address, City or Town | Fort Lauderdale |
Entity Address, State or Province | FL |
Entity Address, Country | US |
Entity Address, Postal Zip Code | 33132 |
Entity Incorporation, State Country Name | A6 |
City Area Code | 954 |
Local Phone Number | 842-4989 |
Entity File Number | 001-40397 |
Entity Central Index Key | 0001790169 |
Entity Emerging Growth Company | true |
Entity Tax Identification Number | 00-0000000 |
Entity Ex Transition Period | false |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Shares, no par value |
Trading Symbol | FLGC |
Security Exchange Name | NASDAQ |
1 Year Flora Growth Chart |
1 Month Flora Growth Chart |
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