---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-23-018104"
form_type: "8-K"
ticker: "ZSTK"
cik: "0001790169"
company_name: "ZeroStack Corp."
filed_at: "2023-09-18T23:59:59+00:00"
generated_at: "2026-06-10T15:03:31.513116+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Flora Growth acquires Australian Vaporizers for ~$1.7M in stock; sees immediate profit

## Summary
- Acquires Australian Vaporizers Pty Ltd, an online vape retailer, for 600,676 Flora shares valued at $1.7M (based on Sept 15 close); closing expected Q4 2023.
- Australian Vaporizers generated $2.5M revenue and $0.25M net income in six months ended May 31, 2023.
- Deal expected to be immediately accretive, with annual projected contributions of $5.2M revenue, $1.2M gross margin, and $0.5M net income.
- At closing, target expected to have at least $0.3M cash, $0.8M inventories, and $1.1M working capital.
- Synergies noted with Flora's Vessel brand; acquisition positions Flora in Australia's growing vaporizer market.

## SEC filing metadata
- accession: 0001062993-23-018104
- form_type: 8-K
- ticker: ZSTK
- cik: 0001790169
- company_name: ZeroStack Corp.
- filed_at: 2023-09-18T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1790169/000106299323018104/0001062993-23-018104-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1790169/000106299323018104/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-23-018104
- JSON: https://secwatch.observer/filing/0001062993-23-018104.json
- Plain text: https://secwatch.observer/filing/0001062993-23-018104.txt

## Key facts
- Material Agreements
  ZeroStack Corp. entered into Sale and Purchase Agreement with Lifeist Wellness Inc. valued at $1.7 million (effective 2023-09-17).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Lifeist Wellness Inc.
  - Value: $1.7 million
  - Effective: 2023-09-17
  source text: On September 17, 2023, Flora Growth Corp., a corporation under the laws of the Province of Ontario (" Flora " or the " Company ") and Lifeist Wellness Inc. ("Lifeist") entered into a Sale and Purchase Agreement (the " Purchase Agreement ") pursuant to which Flora will acquire all the issued and outstanding common shares (the " AV Common Shares ") of Australian Vaporizers Pty Ltd.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1790169/000106299323018104/0001062993-23-018104-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.