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Flora Growth Corp. (FLGC) announces a 1-for-20 reverse stock split effective on June 9, 2023. The common shares will continue to trade on the Nasdaq Capital Market under the existing ticker 'FLGC'. The reverse stock split does not affect ownership percentages or voting rights.
June 07, 2023 | 8:10 pm
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NEUTRAL IMPACT
Flora Growth Corp. announces a 1-for-20 reverse stock split, effective June 9, 2023. The split does not affect ownership percentages or voting rights.
The reverse stock split will not affect ownership percentages or voting rights, and the stock will continue to trade on the Nasdaq Capital Market under the existing ticker 'FLGC'. This news is relevant to FLGC shareholders, but the impact on the stock price is neutral in the short term as the split does not change the fundamentals of the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100