Flora Growth up on deal to buy CBD brand Masaya

ZeroStack

23/05/2022 13:25

** Shares of pot producer Flora Growth Corp  FLGC.O  up as
much as 1.9% at $1.07 premarket 
    ** Co to acquire cannabidiol brand Masaya; financial terms
were not disclosed
    ** Says Masaya will become an owned Flora brand sold in the
U.S. and will be the first offering from Flora Life Sciences
    ** Stock was down ~41% YTD, as of last close

 (Reporting by Rithika Krishna in Bengaluru)
 ((Rithika.Krishna@thomsonreuters.com; Twitter: https://twitter.com/rithika_krishna;))