- Flora just announced the repurchase of $5 million of its outstanding common shares
- This repurchase aligns with its overall global expansion plan, and its move to grow its market reach
- These moves by Flora assure shareholders of the company’s commitment to driving shareholder value and exploring various opportunities to do so
On June 16, 2022, Flora Growth (NASDAQ: FLGC) announced that its Board of Directors had authorized the repurchase of up to $5 million of its outstanding common shares. This came in the wake of the expiration of a one-year lockup period for specific shareholders who had acquired shares before the company’s Initial Public Offering (“IPO”).
While making the announcement, Luis Merchan, Flora’s Chairman and Chief Executive Officer (“CEO”), noted…
NOTE TO INVESTORS: The latest news and updates relating to FLGC are available in the company’s newsroom at https://cnw.fm/FLGC
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