Flora Growth closes Franchise Global buyout; shares rise
27/12/2022 13:49
** Shares of cannabis producer Flora Growth Corp FLGC.O up
18.6% at $0.30 premarket
** FLGC says it has completed all-stock buyout of Franchise
Global Health Inc FGH.V , announced in October, connecting
FLGC's Colombian-grown medical cannabis to over 1,200
Germany-based pharmacies urn:newsml:reuters.com:*:nBw2GShV1a
** Deal also positions FLGC to benefit from the potential
legalization of adult-use recreational cannabis in Germany
** FLGC stock has fallen 86.3% YTD through last close
(Reporting by Ruhi Soni in Bengaluru)
((Ruhi.Soni@thomsonreuters.com
Twitter: https://twitter.com/ruhithere))