Flora Growth Corp. (NASDAQ: FLGC) Strengthens Position with Significant Acquisition
March 02 2022 - 8:30AM
via InvestorWire --
Flora Growth Corp. (NASDAQ:
FLGC) today announces its placement in an editorial
published by NetworkNewsWire ("NNW"), one of 50+ trusted brands
within the InvestorBrandNetwork (“IBN”), a multifaceted financial
news and publishing company for private and public entities.
To view the full publication, titled “2022 Primed after 2021’s
Record M&A Deals,” please visit: https://nnw.fm/5Ae41
Last year was a monumental year for
merger and acquisition activity. Records worldwide weren’t just
broken, they were smashed by M&A activity reaching a stunning
$5.9 trillion, up 64% from 2020 while representing the highest
volume since 1980. More than 63,000 M&A transactions were
completed as companies found new avenues to growth against the
backdrop of a lingering COVID-19 pandemic, rising inflation and
disrupted supply chains.
The sharpest increase in deal flow
came from the United States, which experienced an 82% surge.
Companies from all different sectors and industries joined forces
to position for continued future success, including diversified CPG
wellness company Flora Growth Corp., which
recently made a significant acquisition to fuel expansion into the
U.S. market.
About Flora Growth Corp.
Flora is building a connected, design-led collective of
plant-based wellness and lifestyle brands delivering the most
compelling customer experiences in the world, one community at a
time. As the operator of one of the largest outdoor cannabis
cultivation facilities, Flora leverages natural, cost-effective
cultivation practices to supply cannabis derivatives to its diverse
business divisions of cosmetics, hemp textiles, and food and
beverage.
For more information about this company,
visit www.FloraGrowth.ca or follow @floragrowthcorp on
social.
NOTE TO INVESTORS: The latest news and
updates relating to FLGC are available in the company’s newsroom
at https://ibn.fm/FLGC.
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