Flora Growth Completes Acquisition Of Canada's Franchise Global Health

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Flora Growth Completes Acquisition Of Canada's Franchise Global Health

(RTTNews) - Cannabis products maker Flora Growth Corp. (FLGC), a leading all-outdoor cultivator, manufacturer and distributor of global cannabis products and brands, announced Tuesday that on December 23, 2022, it closed the previously disclosed acquisition of all of the issued and outstanding shares of Franchise Global Health Inc. (FGH.V), a multi-national operator in the medical cannabis and pharmaceutical industry, with principal operations in Germany.

The transformative deal accelerates Flora's expansion in Europe's largest medical cannabis market as Germany moves toward the launch of an adult-use market estimated to be worth over $1 billion by 2026

Flora has now secured a crucial footprint in an established international cannabis market, providing a unique opportunity for operational synergies and diversified growth.

The acquisition adds to Flora's distribution network, expanding its client base, and increases its ability to distribute wholesale cannabis products at scale into the European Union.

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Hong Kong Stock Market Due For Support On Friday

Hong Kong Stock Market Due For Support On Friday

The Hong Kong stock market has moved lower in back-to-back sessions, sinking more than 90 points or 0.3 percent along the way. The Hang Seng Index now sits just beneath the 24,500-point plateau although it may stop the bleeding on Friday.
RTTNews | il y a 5 minutes
Australian Market Notably Higher

Australian Market Notably Higher

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RTTNews | il y a 17 minutes
Additional Support Expected For China Stock Market

Additional Support Expected For China Stock Market

The China stock market on Thursday ended the two-day slide in which it had dropped more than 15 point or 0.4 percent. The Shanghai Composite Index now sits just above the 3,515-point plateau and it's tipped to extend its gains on Friday.
RTTNews | il y a 20 minutes
Win Streak May Continue For Taiwan Stock Market

Win Streak May Continue For Taiwan Stock Market

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RTTNews | il y a 50 minutes
Overbought Singapore Market Nonetheless Called Higher On Friday

Overbought Singapore Market Nonetheless Called Higher On Friday

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RTTNews | il y a 1h 20min
Higher Open Predicted For Malaysia Stock Market

Higher Open Predicted For Malaysia Stock Market

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RTTNews | il y a 1h 50min
Japan Bourse May Add To Thursday's Gains

Japan Bourse May Add To Thursday's Gains

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RTTNews | il y a 2h 5min
KOSPI May Reclaim 3,200-Point Level

KOSPI May Reclaim 3,200-Point Level

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RTTNews | il y a 2h 20min