Flora Growth Corp.’s $16.7 Million Initial Public Offering

Wildeboer Dellelce LLP acted as Canadian counsel to Flora in connection with the initial public offering while Greenberg Traurig LLP advised Flora Growth Corp.

Flora Growth Corp. (NASDAQ: FLGC) an all-outdoor cultivator and manufacturer of cannabis-derived products and brands, completed its initial public offering of common shares and commenced trading on the Nasdaq Capital Market under the ticker symbol “FLGC”. The initial public offering was priced at the high end of the proposed price range at US$5.00 per share to the public for a total of US$16,666,665 of gross proceeds to the company. Boustead Securities, LLC acted as the sole underwriter for the offering with MKM Partners acting as co-Manager.

Flora Growth Corp. cultivates and processes natural, medicinal-grade cannabis oil and high quality cannabis derived medical and wellbeing products and intend to supply these premium products to large channel distributors, including pharmacies, medical clinics, and cosmetic companies.

The Wildeboer Dellelce team comprised of Michael Rennie (Picture, corporate/securities) and Katy Pitch and Marija Tasevska (tax).

The Greenberg team was led by Rebecca G. DiStefano. In addition to DiStefano, the team of Greenberg Traurig attorneys representing Flora Growth Corp. included Denver office Health Care & FDA Shareholder Justin J. Prochnow, Co-Chair of the Miami office Tax Practice, L. Frank Cordero, New York office Corporate Shareholder Marc M. Rossell, and Minneapolis office Of Counsel Margaret J. Weil. Other Corporate Practice attorneys included Sacramento office Associate Brooke E. Condran, Miami office Associate Aryana M. Gharagozloo, and Atlanta office Associate Andrea C. Lewis.

Involved fees earner: Brooke Condran – Greenberg Traurig LLP; Frank Cordero – Greenberg Traurig LLP; Rebecca DiStefano – Greenberg Traurig LLP; Aryana Gharagozloo – Greenberg Traurig LLP; Andrea Lewis – Greenberg Traurig LLP; Justin Prochnow – Greenberg Traurig LLP; Marc Rossell – Greenberg Traurig LLP; Margaret Weil – Greenberg Traurig LLP; Katy Pitch – Wildeboer Dellelce LLP; Michael Rennie – Wildeboer Dellelce LLP; Marija Tasevska – Wildeboer Dellelce LLP;

Law Firms: Greenberg Traurig LLP; Wildeboer Dellelce LLP;

Clients: Flora Growth Corp.;

Author: Martina Bellini