Flora Growth Corp

NASDAQ:FLGC  
1.45
-0.14 (-8.80%)
Products, Strategic Combinations

Flora Growth Enters Into A Definitive Agreement With Avaria Health & Beauty Corp To Form Flovaria Corp

Published: 11/26/2021 12:25 GMT
Flora Growth Corp (FLGC) - Flora Growth Corp - Entered Into a Definitive Agreement With Avaria Health & Beauty Corp to Form Flovaria Corp.
Flora Growth Corp - Flovaria to Be a Joint Venture Company Equally Owned by Flora and Avaria.
Flora Growth - Flora Lab, Co's Manufacturing Facility, Will Be Responsible for Producing Cannabinoid-infused Products for Jv.
Flora Growth - Through Flovaria, Co Will Provide Distribution, Supply Chain Support of Kalaya Products in Colombia, Mexico, Other Latam Countries.
Flora Growth Corp - Avaria Will Initially Supply Finished Product to Flovaria.
Flora Growth Corp - Any Profits From Sale of Kalaya Products Via Flovaria Will Be Divided Equally Between Flora and Avaria.