What Caused Flora Growth Corp (FLGC) to Rise 6% in After-Hours Trading?
Stock Performance: Flora Growth Corp. (FLGC) saw a 5.98% increase in after-hours trading, closing at $10.55, following a 3.59% rise to $9.96 during regular trading hours.
Regulation A Filing: The company filed a Form 1-A with the SEC to sell up to 30 million common shares at $2.50 each, aiming to raise up to $75 million, with Aegis Capital Corp. as the sales commission provider.
Financial Overview: Flora Growth reported total revenues of $18.03 million against expenses of $14.17 million, resulting in a net loss of $3.4 million and basic earnings per share of negative $0.38.
Market Metrics: The stock has declined 85.25% over the past year, with a market capitalization of $7.43 million and an annual trading range between $6.80 and $81.90.
About the author






