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Flora Growth Corp. Announces Closing of Initial Public

toronto, may 13, 2021 (globe newswire) – flora growth corp. (nasdaq: flgc) (“flora” or the “company”), an outdoor grower and manufacturer of cannabis-derived brands and products, today announced the closing of its initial public offering of 3,333,333 of its common shares.

on May 11, 2021, the company’s common shares began trading on the nasdaq capital market under the ticker symbol “flgc”. public for a total of US$16,666,665 in gross receipts for the business.

Reading: Flora ipo

boustead securities, llc acted as the sole underwriter of the offering (the “underwriter”) with mkm partners acting as co-administrator. the underwriter has been granted a 45-day option to purchase up to an additional 500,000 common shares to cover excess allocations at the initial public offering price of $5.00 per share.

Offering is made by prospectus only. A copy of the final prospectus relating to the offering from boustead securities, llc, may be obtained by email: offers@boustead1828.com or by calling +1 (949) 502-4408 or by standard mail to boustead securities, llc, attn : Equity Capital Markets, 6 Venture, Suite 395, Irvine, CA 92618, USA uu. In addition, a copy of the final prospectus relating to the offering may be obtained through the SEC’s website at www.sec.gov.

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A registration statement relating to these securities has been filed with the Securities and Exchange Commission and is 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 will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be illegal prior to registration or qualification under the securities laws of such state or jurisdiction?

about flora growth corp.

flora is a cannabis company that will take advantage of natural and profitable cultivation practices to supply cannabis derivatives to its various business divisions of cosmetics, hemp textiles and food and beverages. As the operator of one of the largest outdoor growing facilities, Flora strives to market a higher quality premium product at below market prices. By prioritizing natural ingredients and value chain sustainability throughout its portfolio, Flora creates premium products that help consumers recover and thrive. visit www.floragrowth.ca or follow @floragrowthcorp on social media for more information.

investor relations contact:

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evan veryard +1 416 571 9037evan.veryard@floragrowth.ca

PR contact:cassandra dowell+1 (847) 271-3443cassandra@cmwmedia.com

For insurer inquiries, contact:boustead securities, llcdaniel j. mcchlory, head of equity capital markets tel: +1 949 502 4408 email: dan@boustead1828.com

cautionary statement about forward-looking statements

This document contains forward-looking statements. In addition, from time to time, we or our representatives may make oral or written forward-looking statements. We base these forward-looking statements on our expectations and projections about future events, which we derive from information currently available to us. such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. may identify forward-looking statements from those that are not historical in nature, particularly those that use terminology such as “may”, “should”, “expects”, “anticipates”, “contemplates”, “estimates”, “believes”, “plans” , “projected”, “predicts”, “potential” or “hope” or the negative of these or similar terms.In evaluating these forward-looking statements, you should consider several factors, including: our ability to change the direction of the company; ability to keep pace with new technology and changing market needs and the competitive environment for our business these and other factors may cause our actual results to differ materially from any forward-looking statements forward-looking statements are predictions only events forward-looking statements discussed in this document and other statements made from time to time by us or our representatives may not occur, and the actual events and results es may differ materially and are subject to risks, uncertainties and assumptions about us. We are not required to publicly update or revise any forward-looking statements, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this document and other statements made from time to time by us or our representatives may not occur.

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