Flora Growth Corp. (NASDAQ: FLGC) Strengthens Position with Significant Acquisition

NEW YORK, March 02, 2022 (GLOBE NEWSWIRE) — 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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