Flora Growth Closes Acquisition Of Franchise Global Health, Cementing Foothold In Germany And The European Union
Acquiring Company
Flora Growth
Acquired Company
Franchise Global
Fort LauderdaleHealth CareFood And BeverageMedicalBiotechnologyCommunity And LifestyleHealth CareFood And BeverageMedicalPharmaceuticalCannabisDescription
Flora Growth Corp. (NASDAQ: FLGC) (“Flora'' or the “Company”), a leading all-outdoor cultivator, manufacturer and distributor of global cannabis products and brands, announced today, that, on December 23, 2022, it closed the previously disclosed acquisition of all of the issued and outstanding shares of Franchise Global Health Inc. (TSXV: FGH) (“FGH”), a multi-national operator in the medical cannabis and pharmaceutical industry, with principal operations in Germany.
Quick answer
Flora Growth is acquiring Franchise Global, announced December 27, 2022. Flora Growth is based in Fort Lauderdale, Florida, United States.
- How much did Flora Growth pay for Franchise Global?
- The deal value was not disclosed.
- What does Flora Growth do?
- Flora is building a connected, design-led collective of plant-based wellness and lifestyle brands delivering the most compelling customer experiences in the world, one community at a time.
- Where are Flora Growth and Franchise Global based?
- Flora Growth is based in Fort Lauderdale, Florida, United States.
- Who are the decision-makers at Flora Growth?
- Fundz holds 5 contacts at Flora Growth. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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- Cultivate(Md) Capital Funds Announces Portfolio Company Embody'S Acquisition By Zimmer Biomet Holdings, Inc. (January 10, 2023)
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Who to call at Flora Growth, and when
When Flora Growth changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Flora Growth raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Flora Growth, from your own LinkedIn network
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Frequently asked
Who acquired Franchise Global?
Franchise Global was acquired by Flora Growth, based in Fort Lauderdale. The deal was reported on December 27, 2022. Flora is building a connected, design-led collective of plant-based wellness and lifestyle brands delivering the most compelling customer experiences in the world, one community at a time. Flora Growth is privately held and operates in Health Care.
When did Flora Growth acquire Franchise Global?
Flora Growth's acquisition of Franchise Global was reported on December 27, 2022. Flora Growth Corp. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Franchise Global do?
Franchise Global, through its subsidiaries, is a multi-national operator in the medical cannabis and pharmaceutical industries, with principal operations in Germany and with operations, assets, strategic partnerships and investments internationally. It is privately held, operating in Biotechnology.
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