M&A
confidence high
sentiment neutral
materiality 0.45
Flora Growth acquires Australian Vaporizers for 550k shares valued at $0.7M
ZeroStack Corp.
- Acquired 100% of Australian Vaporizers Pty Ltd., an online vaporizer and accessories retailer in Australia.
- Consideration: 550,000 Flora common shares valued at ~$0.7 million based on June 3, 2024 closing price.
- Transaction closed simultaneously with signing on June 4, 2024; working capital adjustments apply.
- Shares issued under Section 4(a)(2) exemption; includes release of prior claims with Lifeist.