Flora to be represented by President and CEO Luis Merchan and key division partners; Paulina Vega, Laura Londono, and Claudia Bahamon
When: Thursday, May 20, 2021 at 4:00 pm ET
Boustead Securities, LLC (“Boustead”) IPO client Flora Growth Corp. (NASDAQ: FLGC) (“Flora” or the “Company”), an all-outdoor cultivator and manufacturer of cannabis-derived products and brands, is pleased to announce it will ring the Nasdaq Closing Bell today, Thursday, May 20th.
Company executives will visit the Nasdaq MarketSite in New York today to celebrate their recent IPO. In honor of the occasion, Flora Growth President and CEO, Luis Merchan will ring the closing bell, alongside key division partners; Paulina Vega, Laura Londono, and Claudia Bahamon.
Flora launched a US-based IPO on May 11 as the first known cannabis cultivator to list on the NASDAQ without using a SPAC, reverse merger or dual listing. Flora is also the first known all-outdoor grower ever listed on the NASDAQ and has the largest licensed cultivation footprint in Colombia.
“The Flora Growth team is thrilled to celebrate our listing on the NASDAQ last week by ringing the closing bell today,” Merchan said. “It is the culmination of tireless work from our team and today marks a key milestone for the Company. With our incredible team and collective vision, the future is extremely bright. Today is only the beginning.” Boustead Securities, LLC acted as the sole underwriter for the firm commitment IPO (the “Underwriter”) with MKM Partners acting as co-manager.
A registration statement relating to these securities was filed with the Securities and Exchange Commission and was declared effective on May 10, 2021. A copy of the prospectus can be found here.
A registration statement relating to these securities was filed with the Securities and Exchange Commission and was declared effective on May 10, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Flora Growth Corp. Flora Growth is a cannabis company that will leverage natural, cost-effective cultivation practices to supply cannabis derivatives to its diverse business divisions of cosmetics, hemp textiles, and food and beverage. As the operator of one of the largest outdoor cultivation facilities, Flora strives to market a higher-quality premium product at below market prices. By prioritizing natural ingredients and value-chain sustainability across its portfolio, Flora creates premium products that help consumers restore and thrive. Visit www.floragrowth.ca or follow @floragrowthcorp on social for more information. About Boustead Securities, LLC Boustead Securities, LLC is an investment banking firm that executes and advises on IPOs, mergers and acquisitions, capital raises and restructuring assignments in a wide array of industries, geographies and transactions, for a broad client base. Boustead’s core value proposition is the ability to create opportunity through innovative solutions and tenacious execution. With experienced professionals in the United States, Boustead’s team moves quickly and provides a broad spectrum of sophisticated financial advice and services. Boustead is a majority-owned subsidiary of Boustead & Company Limited, a diversified non-bank financial institution. For more information visit please visit: www.boustead1828.com For Underwriter Inquiries Please Contact: Boustead Securities, LLC Daniel J. McClory, Head of Equity Capital Markets Tel: +1 949 502 4408 Email: dan@boustead1828.com Form CRS/Reg BI Disclaimer: Boustead Securities, LLC, Sutter Securities Inc., and Sutter Securities Clearing, LLC (SSC) are registered with the Securities and Exchange Commission (SEC) as broker-dealers and are members of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). 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