Flora Growth Corp. (NasdaqCM:FLGC) entered into a Share Purchase Agreement to acquire Australian Vaporizers Pty Ltd. from Lifeist Wellness Inc. (TSXV:LFST) for CAD 0.87 million on June 4, 2024. The consideration consist of issue of 0.55 million common equity of Flora Growth Corp. having a value of CAD 0.87 million to be issued for common equity of Australian Vaporizers Pty Ltd. As part of the agreement, Flora Growth agreed to acquire 100% of issued and outstanding common shares of Australian Vaporizers. Kronos Capital Partners acted as financial advisor for Lifeist Wellness Inc.

Flora Growth Corp. (NasdaqCM:FLGC) completed the acquisition of Australian Vaporizers Pty Ltd. from Lifeist Wellness Inc. (TSXV:LFST) on June 4, 2024.