Flora Growth Completes Acquisition Of Canada's Franchise Global Health

RTTNews | 947 дней спустя
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.

Тэгов: FLGC
read more
China Manufacturing Activity Slips Into Contraction

China Manufacturing Activity Slips Into Contraction

China's factory activity contracted in July as softening new orders forced manufacturers to scale back production and staffing, purchasing managers' survey results from S&P Global showed on Friday. The manufacturing Purchasing Managers' Index fell to 49.5 in July from 50.4 in June. The latest score suggested contraction in the sector.
RTTNews | 11 минут назад
European Economic News Preview: Eurozone Flash Inflation Data Due

European Economic News Preview: Eurozone Flash Inflation Data Due

Flash inflation and final Purchasing Managers' survey data from the euro area are the top economic news due on Friday. At 2.00 am ET, UK Nationwide house price data is due. House prices are forecast to rise 2.1 percent on a yearly basis in July, the same rate as seen in June. At 3.15 am ET, S&P Global publishes Spain's manufacturing PMI data. The index is forecast to rise to 51.7 in July.
RTTNews | 42 минут назад
Australian Market Maintains Early Losses In Mid-market

Australian Market Maintains Early Losses In Mid-market

The Australian stock market is maintaining its early losses in mid-market moves on Friday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,700 level, with weakness across most sectors led by energy and technology stocks.
RTTNews | 3ч 17мин назад
Asian Markets Mixed Amid Tariff Uncertainty

Asian Markets Mixed Amid Tariff Uncertainty

Asian stock markets are trading mixed on Friday, following the broadly negative cues from Wall Street overnight, as uncertainty over US reciprocal tariffs still lingers with less than a day remaining for the crucial deadline for negotiations to reach a trade deal expires. US President Donald Trump's revised tariffs on several countries lacking deals are set to be fixed between 10 and 41 percent.
RTTNews | 3ч 36мин назад
Japanese Market Notably Lower

Japanese Market Notably Lower

Reversing the gains in the previous session, the Japanese market is notably lower on Friday, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 40,700 level, with weakness in financial and technology stocks partially offset by gains in exporters and automaker stocks.
RTTNews | 5ч 13мин назад