Flora Growth Completes Acquisition Of Category Leading Wellness Brand Justcbd; Enhances U.S. Infrastructure And Cpg Portfolio
Acquiring Company
Flora Growth
Acquired Company
the JustCBD Operations
Fort LauderdaleHealth CareFood And BeverageMedicalCommerce And ShoppingConsumer GoodsDescription
Flora Growth Corp. (NASDAQ: FLGC) (“Flora” or the “Company”), a leading all-outdoor cultivator and manufacturer of global cannabis products and brands, announced today that it has acquired 100% of the equity interests in each of Just Brands LLC (“Just Brands”) and High Roller Private Label LLC (“High Roller”) for cash consideration of US $16.0 million and 9.5 million privately issued Flora common shares, subject to certain potential future adjustments. Just Brands and High Roller are the owners of the JustCBD brand and associated operations (collectively “JustCBD”).
Quick answer
Flora Growth is acquiring the JustCBD Operations, announced February 28, 2022. Flora Growth is based in Fort Lauderdale, Florida, United States.
- How much did Flora Growth pay for the JustCBD Operations?
- 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 the JustCBD Operations 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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Frequently asked
Who acquired the JustCBD Operations?
the JustCBD Operations was acquired by Flora Growth, based in Fort Lauderdale. The deal was reported on February 28, 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 the JustCBD Operations?
Flora Growth's acquisition of the JustCBD Operations was reported on February 28, 2022. Flora Growth Corp. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does the JustCBD Operations do?
the JustCBD Operations is the company acquired in this transaction. It is privately held, operating in Commerce And Shopping.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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