Flora Growth Completes Acquisition Of Canada's Franchise Global Health

RTTNews | 984天前
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.

read more
Sensex, Nifty End Choppy Session Little Changed

Sensex, Nifty End Choppy Session Little Changed

Indian shares fluctuated before ending little changed on Friday despite GST reforms optimism and firm cues from global markets amid growing expectations of a Federal Reserve interest-rate cut later this month.
RTTNews | 1天前
European Shares Inch Higher In Cautious Trade

European Shares Inch Higher In Cautious Trade

European stocks were modestly higher on Friday as investors braced for the key U.S. jobs reading due later in the day and French Prime Minister Francois Bayrou's confidence vote on Monday.
RTTNews | 1天前
Asian Shares Modestly Higher Before Pivotal US Jobs Report

Asian Shares Modestly Higher Before Pivotal US Jobs Report

Asian stocks eked out modest gains on Friday as weak U.S. labor market data reinforced expectations of a Federal Reserve rate cut later this month and U.S. President Donald Trump signed an executive order officially putting into action the U.S.-Japan trade agreement.
RTTNews | 1天前
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The benchmark S&P/ASX 200 Index is gaining 30.30 points or 0.34 percent to 8,856.80, after touching a high of 8,880.70 earlier. The broader All Ordinaries Index is up 35.00 points or 0.39 percent to 9,126.40. Australian stocks closed significantly higher on Thursday.
RTTNews | 2天前
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Friday, following the broadly positive cues from Wall Street overnight, as some weaker than expected U.S. private sector job growth in the month of August bolstered bets the US Fed will lower interest rates later this month. The markets are pricing in a September rate cut and anticipating at least two reductions this year.
RTTNews | 2天前