Flora Growth Corp. Completes US$16.7 Million Initial Public Offering and Nasdaq Listing

May 13, 2021

Flora Growth Corp. (NASDAQ: FLGC) an all-outdoor cultivator and manufacturer of cannabis-derived products and brands, completed its initial public offering of common shares and commenced trading on the Nasdaq Capital Market under the ticker symbol “FLGC". The initial public offering was priced at the high end of the proposed price range at US$5.00 per share to the public for a total of US$16,666,665 of gross proceeds to the company. Boustead Securities, LLC acted as the sole underwriter for the offering with MKM Partners acting as co-Manager.

Wildeboer Dellelce LLP acted as Canadian counsel to Flora in connection with the initial public offering with a team comprised of Michael Rennie (corporate/securities) and Katy Pitch and Marija Tasevska (tax).