Flora Growth Lists On Frankfurt Stock Exchange Aiming To Connect With European Investors
Portfolio Pulse from Nina Zdinjak
Flora Growth Corp. (NASDAQ:FLGC) has listed its shares on the Frankfurt Stock Exchange to attract European investors and increase trading liquidity. This move follows Flora's acquisition of Australian Vaporizers Pty Ltd. Additionally, Tilray Brands (NASDAQ:TLRY) and Aurora Cannabis (NASDAQ:ACB) have received cannabis cultivation licenses in Germany under the new Cannabis Act. Flora Growth shares closed 7.68% lower at $0.8983 per share.
August 08, 2024 | 2:23 pm
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Aurora Cannabis has received a cannabis cultivation license in Germany under the new Cannabis Act, which allows partial legalization of cannabis.
The new cannabis cultivation license in Germany is a positive development for Aurora Cannabis, as it opens up opportunities in a new market.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Flora Growth Corp. has listed its shares on the Frankfurt Stock Exchange to attract European investors and increase trading liquidity. This follows their acquisition of Australian Vaporizers Pty Ltd.
The Frankfurt listing is likely to increase Flora Growth's trading liquidity and attract new European investors, which is positive for the stock. The recent acquisition of Australian Vaporizers also adds value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Tilray Brands has received a cannabis cultivation license in Germany under the new Cannabis Act, which allows partial legalization of cannabis.
The new cannabis cultivation license in Germany is a positive development for Tilray Brands, as it opens up opportunities in a new market.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50