Flora Growth Announces Warrant Extensions
July 22 2021 - 5:41PM
Business Wire
Flora Growth Corp. (NASDAQ: FLGC) (“Flora”, “Flora
Growth” or the “Company”), a leading all-outdoor
cultivator and global manufacturer of cannabis-derived products and
brands, is pleased to announce that it has extended the expiry
dates by three months of approximately 6.67 million (on a
post-consolidation basis) of its common share purchase warrants
(“Warrants”), being all of the unexercised Warrants issued
by the Company (on a post-consolidation basis) pursuant to its
Regulation A+ Tier 2 offering of units that closed in December
2020.
The Warrants are exercisable into common shares of Flora at a
price of US$3.00 per common share and previously had expiry dates
falling 18 months following their respective issue dates. The
Company has extended the expiry dates of the Warrants by three
months, such that the Warrants now expire 21 months following their
respective issue dates. The new Warrant expiry dates range from
October 25, 2021 to October 20, 2022. All other terms and
conditions of the Warrants, including the exercise price, remain
the same.
About Flora Growth Corp.
Flora is a cannabis company that leverages natural,
cost-effective cultivation practices to supply cannabis derivatives
to its diverse business divisions of cosmetics, hemp textiles, and
food and beverage. As the operator of one of the largest outdoor
cultivation facilities, Flora strives to market a higher-quality
premium product at below market prices. By prioritizing natural
ingredients and value-chain sustainability across its portfolio,
Flora creates premium products that help consumers restore and
thrive. Visit www.floragrowth.ca or follow @floragrowthcorp on
social media for more information.
Cautionary Statement Concerning Forward-Looking
Statements
This document contains forward-looking statements. In addition,
from time to time, we or our representatives may make
forward-looking statements orally or in writing. We base these
forward-looking statements on our expectations and projections
about future events, which we derive from the information currently
available to us. Such forward-looking statements relate to future
events or our future performance, including: our financial
performance and projections; our growth in revenue and earnings;
and our business prospects and opportunities. You can identify
forward-looking statements by those that are not historical in
nature, particularly those that use terminology such as “may,”
“should,” “expects,” “anticipates,” “contemplates,” “estimates,”
“believes,” “plans,” “projected,” “predicts,” “potential,” or
“hopes” or the negative of these or similar terms. In evaluating
these forward-looking statements, you should consider various
factors, including: our ability to change the direction of the
Company; our ability to keep pace with new technology and changing
market needs; and the competitive environment of our business.
These and other factors may cause our actual results to differ
materially from any forward-looking statement. Forward-looking
statements are only predictions. The forward-looking events
discussed in this document and other statements made from time to
time by us or our representatives may not occur, and actual events
and results may differ materially and are subject to risks,
uncertainties and assumptions about us. We undertake no obligation
to publicly update or revise any forward-looking statement, whether
as a result of uncertainties and assumptions, or the
forward-looking events discussed in this document and other
statements made from time to time by us or our representatives not
occurring, except as may be required by applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20210722006027/en/
Investor Relations: Evan Veryard
evan.veryard@floragrowth.ca
Public Relations: Cassandra Dowell +1 (858) 264-6600
flora@cmwmedia.com
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