Flora Growth Corp. (NASDAQ: FLGC) Inks €2M Investment in Hoshi As Part of its European Expansion Plan
Sep 9, 2021
- Flora closed a €2 million investment in Hoshi International Inc., fulfilling the earlier-announced LOI back in June 2021
- This move is set to capitalize on Hoshi’s strong European presence, its technical know-how along with its understanding of the European market
- Hoshi acknowledged the investment with the announcement that it would work together with Flora to bring to market finished product formats from Flora’s brand portfolio
- Flora referred to this investment as the first of many steps by the company to advance its plans to launch products across the world
On August 24, 2021, Flora Growth (NASDAQ: FLGC) announced closing a €2 million investment in Hoshi International Inc. It also announced that it had increased its fully-diluted ownership in Hoshi through a securities swap.
When making the announcement, Luis Merchan, the President and Chief Executive Officer (“CEO”) of…
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