UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________
FORM
CURRENT REPORT
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Item 2.01 Completion of Acquisition or Disposition of Assets
On November 1, 2023 Flora Growth Corp., a corporation organized under the laws of the Province of Ontario ("Flora" or the "Company"), completed the previously disclosed sale of its shares in Flora Growth Corp Colombia S.A.S., Flora Lab S.A.S., Flora Med S.A.S., Cosechemos Ya S.A.S., Kasa Wholefoods Company S.A.S. and other related Flora assets related to its Colombian operations (the "Sale") pursuant to a Share Purchase Agreement, as amended (the "Share Purchase Agreement"), by and between Flora and Lisan Farma Colombia LLC ("Lisan"), a Delaware limited liability company.
The principal assets underlying the Sale relate to Flora's Colombian operations and include:
Pursuant to the terms of the Share Purchase Agreement, all assets underlying the Sale were transferred to Lisan on an "as is where is" basis.
The foregoing descriptions of the Share Purchase Agreement are only summaries and are qualified in their entirety by reference to the full text of the Share Purchase Agreement and Amendment No. 1, which are filed as Exhibits 10.1 and 10.2, respectively, to the Company's Current Report on Form 8-K filed with the United States Securities and Exchange Commission on July 11, 2023 and incorporated by reference in this Item 2.01.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
104 | Cover Page Interactive Data File (formatted as inline XBRL) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
FLORA GROWTH CORP. | ||
Date: November 3, 2023 | By: | /s/ Clifford Starke |
Name: | Clifford Starke | |
Title: | Chief Executive Officer |