Flora Growth Corp. Completes US$34.5 Million Public Offering

November 23, 2021

Flora Growth Corp. (NASDAQ: FLGC), a leading all-outdoor cultivator and manufacturer of global cannabis products and brands, completed a US$34.5 million underwritten public offering of units (consisting of shares and warrants), including the exercise in full of the over-allotment option granted to the underwriters. A.G.P./Alliance Global Partners acted as the sole book-running manager for the public offering and BMO Capital Markets and Roth Capital Partners acted as co-managers. MKM Partners served as a financial advisor to Flora.

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