Flora Growth Completes Acquisition Of Canada's Franchise Global Health

RTTNews | Před 770 dny
Flora Growth Completes Acquisition Of Canada's Franchise Global Health

(RTTNews) - Cannabis products maker Flora Growth Corp. (FLGC), a leading all-outdoor cultivator, manufacturer and distributor of global cannabis products and brands, announced Tuesday that on December 23, 2022, it closed the previously disclosed acquisition of all of the issued and outstanding shares of Franchise Global Health Inc. (FGH.V), a multi-national operator in the medical cannabis and pharmaceutical industry, with principal operations in Germany.

The transformative deal accelerates Flora's expansion in Europe's largest medical cannabis market as Germany moves toward the launch of an adult-use market estimated to be worth over $1 billion by 2026

Flora has now secured a crucial footprint in an established international cannabis market, providing a unique opportunity for operational synergies and diversified growth.

The acquisition adds to Flora's distribution network, expanding its client base, and increases its ability to distribute wholesale cannabis products at scale into the European Union.

read more
South Korea Inflation Data On Tap For Wednesday

South Korea Inflation Data On Tap For Wednesday

South Korea will on Wednesday release January numbers for consumer prices, highlighting a modest day for Asia-Pacific economic activity. Inflation is expected to increase 0.4 percent on month and 2.0 percent on year after rising 0.4 percent on month and 1.9 percent on year in December.
RTTNews | Před 5 h 21 min
TSX Ends Marginally Up

TSX Ends Marginally Up

Canadian markets closed marginally up on Tuesday as trade concerns eased a bit after the U.S. administration decided to pause tariffs on Canadian goods for about a month.
RTTNews | Před 5 h 30 min
New Zealand Jobless Rate Climbs To 5.1% In Q4

New Zealand Jobless Rate Climbs To 5.1% In Q4

The unemployment rate in New Zealand came in at a seasonally adjusted 5.1 percent in the fourth quarter of 2024, Statistics New Zealand said on Wednesday - in line with expectations and up from 4.8 percent in the previous three months.
RTTNews | Před 5 h 57 min
U.S. Dollar Lower As Tariff Worries Ease

U.S. Dollar Lower As Tariff Worries Ease

The U.S. dollar weakened against its major counterparts in the New York session on Tuesday, as President Donald Trump paused trade tariffs on Mexico and Canada for a month.
RTTNews | Před 9 h 4 min
Swiss Market Settles Moderately Lower

Swiss Market Settles Moderately Lower

Save for a very brief while at the start, the Switzerland market languished in negative territory on Tuesday with investors largely staying cautious and making stock specific moves.
RTTNews | Před 9 h 41 min
European Stocks Close Higher As Trump Delays Tariffs On Canada, Mexico

European Stocks Close Higher As Trump Delays Tariffs On Canada, Mexico

As worries about U.S. tariffs eased following U.S. President Donald Trump's decision to delay levies on Canada and Mexico, investors shifted their focus on quarterly earnings, and most of the markets across Europe had a positive session on Tuesday. Trump's decision to hold off tariff imposition on Canada and Mexico has raised some hopes that the U.K. and the EU will likely avoid duties.
RTTNews | Před 9 h 55 min