Colombia-based cannabis cultivator and producer
Flora Growth Corp. (NASDAQ:FLGC) announced its initial public offering price, consisting of 3,333,333 common stock shares.
A high-end proposed price range of USD$5 per share to the public would net the company $16,666,665 in funds.
Flora’s common stock began listing on the Nasdaq Capital Market on Tuesday, with the offering slated to close on May 13, 2021.
What’s Next for Flora
After the IPO, the company will focus will on the rapid expansion of its existing infrastructure, Flora president and CEO Luis Merchan told
Benzinga.
“Following the IPO, our main focus is to rapidly expand our infrastructure that already includes our organic, all-outdoor grow in Colombia and 2,500 distribution points across Latin America.”