Brief: Flora Growth Signs Definitive Agreement To Acquire Franchise Global Health

ZeroStack

24/10/2022 12:34

Oct 24 (Reuters) - Flora Growth Corp  FLGC.O :
    * FLORA GROWTH SIGNS DEFINITIVE AGREEMENT TO ACQUIRE
FRANCHISE
GLOBAL HEALTH, A PROMINENT PHARMACEUTICAL AND MEDICAL CANNABIS
DISTRIBUTOR WITH PRINCIPAL OPERATIONS IN GERMANY
    * FLORA GROWTH CORP- PROPOSED ALL-STOCK ACQUISITION OF
FRANCHISE
GLOBAL HEALTH INC. WILL RESULT IN INDIRECT ACQUISITION OF ITS
SUBSIDIARIES
    * FLORA GROWTH CORP- AS CONSIDERATION FOR ACQUISITION OF
100% OF
FGH COMMON SHARES,  FLORA WILL ISSUE BETWEEN 36,62 MILLION,
43,53 MILLION OF ITS COMMON SHARES

Source text for Eikon:  ID:nBw2DHLzza 
Further company coverage:  FLGC.O 
 ((Reuters.Briefs@thomsonreuters.com;))