Lifeist Wellness Announces The Termination Of The Share Purchase Agreement With Flora Growth To Divest And Sell Australian Vaporizers Pty
Portfolio Pulse from Benzinga Newsdesk
Lifeist Wellness Inc. has announced the termination of the share purchase agreement with Flora Growth for the divestment and sale of its wholly owned subsidiary, Australian Vaporizers Pty Limited. The agreement was terminated due to a certain condition precedent not being fulfilled.
October 25, 2023 | 7:19 am
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Flora Growth's planned acquisition of Australian Vaporizers Pty from Lifeist Wellness has been terminated due to unfulfilled conditions.
The termination of the share purchase agreement could negatively impact Flora Growth as it may have been counting on the acquisition to expand its business. This could potentially lead to a decrease in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80