News
FLGC
1.790
-1.65%
-0.030
Another Cannabis Pioneer Expands In Germany Via Acquisition As Experts Say 'There's No Stepping Back' From Legalization Wave
Flora Growth Corp. Has entered into a definitive agreement to acquire all of the issued and outstanding shares of Germany-based TruHC Pharma GmbH. The company has been active in Germany since 2017. A new German cannabis law went into effect on April 1 and partially legalizes cannabis.
Benzinga · 8h ago
White House says marijuana rescheduling review is now with DOJ
White House says marijuana rescheduling review is now with DOJ. The much-anticipated decision is expected to reclassify cannabis in a low-risk category called Schedule III. Currently, cannabis is included under Schedule I. DEA confirmed the ongoing review in February. White House says it's now up to the Department of Justice to decide.
Seeking Alpha · 1d ago
Flora Growth Acquires TruHC, Targets German Market
TipRanks · 1d ago
Flora Growth enters into agreement to acquire TruHC
M&A Flora Growth enters into agreement to acquire TruHC Pharma GmbH in exchange for $6.4 million in stock. The purchase price is valued at $2.31 per share. Flora will issue 2,770,562 Flora common shares to TruHC.
Seeking Alpha · 1d ago
Flora Growth Enters Into Definitive Agreement To Acquire TruHC In Exchange For 2,770,562 Flora Common Shares Valued At $6.4M
Germany poised to become world's largest federally legal cannabis market with expected market potential of over $10 billion. Transaction combines Flora's extensive global CPG and pharmaceutical distribution network with TruHC's deep global cannabis expertise. TruHC has been building successful medical and recreational cannabis companies across Germany, Canada, and the U.S.
Benzinga · 1d ago
'Marijuana Companies Ask Federal Court To Set Oral Arguments On DOJ Claim That Cannabis 'Tourism' Justifies Prohibition Enforcement' - Marijuana Moment
Marijuana companies are asking a federal court to schedule oral arguments in a case against the federal government. The Justice Department says cannabis legalization attracts out-of-state tourism and justifies prohibition. The companies are seeking to shield their in-state activities from federal enforcement. DOJ has filed a motion to dismiss the suit.
Benzinga · 2d ago
Weekly Report: what happened at FLGC last week (0408-0412)?
Weekly Report · 2d ago
FDA chief sees no reason for delay in cannabis rescheduling
FDA chief sees no reason for delay in cannabis rescheduling. The DEA is reviewing whether to reschedule marijuana from a high-risk to a low-risk category. A favorable decision will see marijuana move to a Schedule III drug category from its current Schedule I status.
Seeking Alpha · 6d ago
Flora Growth Moves Into EU Market Through Strategic Polish Distribution Deal
Flora Growth Corp. Announced a distribution deal with Me Raw Trade Ltd. The partnership focuses on the distribution of JustCBD and Vessel brands in Poland. Top cannabis brands will share valuable insights at the upcoming Benzinga Cannabis Capital Conference in Florida on April 16-17. The agreement marks Flora's entry into the Polish market.
Benzinga · 6d ago
Flora Growth Enters Distribution Agreement To Expand Presence In Poland And Neighboring Countries
Flora Growth Corp. Has entered an exclusive distribution agreement with Me Raw Trade Ltd. To distribute both JustCBD and Vessel branded products in Poland. Me Raw is an independent company focused on bringing novel and high-end products to the Polish market. The Polish medicinal cannabis market is expected to be worth at least €2.0 billion by 2028.
Benzinga · 6d ago
Wednesday 4/10 Insider Buying Report: FLGC, GME
NASDAQ · 04/10 15:09
Around $1M Bet On This Healthcare Stock? Check Out These 3 Penny Stocks Insiders Are Buying
Dow Jones index closed slightly lower on Tuesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Recent notable insider transactions for penny stocks include Tecogen Inc. And RENN Fund, Inc. Flora Growth Corp. CEO Clifford Starke acquired a total of 526,315 shares for $1 million.
Benzinga · 04/10 12:35
IM Cannabis announces partnership with Flora Growth
IM Cannabis announces partnership with Flora Growth. IM Cannabis Corp. (IMCC) Stock, FLGC Stock. IM Cannabis has entered a strategic distribution agreement with Vessel Brand, a subsidiary of Flora growth. FLGC is a global consumer-packaged goods leader and pharmaceutical distributor.
Seeking Alpha · 04/09 13:01
Flora Growth CEO Clifford Starke acquires company shares
Consumer Flora Growth CEO Clifford Starke acquires company shares. Starke has acquired an aggregate of 526,315 common shares for $1 million or $1.36 million. Flora growth is a cannabis focused consumer-packaged goods and pharmaceutical distributor with a focus on cannabis.
Seeking Alpha · 04/09 08:33
Flora Growth Completes $3.2M Public Share Offering
TipRanks · 04/08 19:07
PERI, ITRM and CADL among pre-market losers
On the Move PERI, ITRM and CADL among pre-market losers. Perion Network Ltd. (PERI) announces preliminary Q1 2024 financial results. ZOOZ Power Ltd. Is one of the companies to report positive results for first quarter of 2024.
Seeking Alpha · 04/08 12:23
Weekly Report: what happened at FLGC last week (0401-0405)?
Weekly Report · 04/08 09:38
Why Esperion Therapeutics Shares Are Trading Higher By Around 7%; Here Are 20 Stocks Moving Premarket
Esperion Therapeutics, Inc. Shares rose sharply during today’s pre-market trading. The company presented new data from CLEAR outcomes at ACC. 24 highlighting value of NEXLETOL tablets in diverse populations. Longeveron Inc. And Galmed Pharmaceuticals Ltd. Were among the stocks moving in pre- market trading.
Benzinga · 04/08 09:15
Cannabis rally sparks concerns amid moves to mainstream
Pot stocks have bounced back from recent lows as investors await favorable regulatory changes in the U.S. And global developments. The Florida Supreme Court ruled in favor of legalizing recreational marijuana in the state this week. A potential rescheduling decision from the DEA could be "imminent"
Seeking Alpha · 04/06 17:29
FLORA GROWTH CORP - OFFERING 1.7 MLN COMMON SHARES OF CO AT AN OFFERING PRICE OF $1.90 PER SHARE
Reuters · 04/05 20:15
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About FLGC
Flora Growth Corp. operates as a lifestyle brand in the United States and international pharmaceutical distributor focused on therapeutics, starting with medical cannabis. The Company serves approximately 50 states and 28 countries. The Company’s JustCBD is a consumer-packaged goods brand. JustCBD. JustCBD offering consists of over 350 products across 15 categories, including cannabidiol (CBD) gummies, topicals, tinctures, and vape products. JustCBD products are available for purchase in smoke and vape shops, clinics, spas, and pet stores, as well as other independent non-traditional retail channels. The Company’s Vessel is a cannabis accessory and technology brand servicing the United States and Canada through direct-to-consumer and retail sales. Vessel's products include cannabis consumption accessories, personal storage, and travel accessories for the vape and dry herb categories, which are sold to consumers, dispensaries, smoke shops and cannabis brands.