Flora Growth Completes Acquisition Of Canada's Franchise Global Health

RTTNews | 770 days ago
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
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 | 6h 9min ago
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 | 6h 47min ago
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 | 7h 0min ago
U.S. Factory Orders Slump More Than Expected In December

U.S. Factory Orders Slump More Than Expected In December

Reflecting a steep drop by orders for transportation equipment, the Commerce Department released a report on Tuesday showing new orders for U.S. manufactured goods decreased by more than expected in the month of December. The Commerce Department said factory orders slumped by 0.9 percent in December after sliding by a downwardly revised 0.8 percent in November.
RTTNews | 9h 12min ago
U.S. Job Openings Pull Back Much More Than Expected In December

U.S. Job Openings Pull Back Much More Than Expected In December

The Labor Department released a report on Tuesday showing job openings U.S. fell by much more than expected in the month of December. The report said job openings tumbled to 7.6 million in December after climbing to an upwardly revised 8.2 million in November. Economists had expected job openings to dip to 8.0 million from the 8.1 million originally reported for the previous month.
RTTNews | 9h 29min ago
UBS Turns To Profit In Q4, Hikes Dividend, Plans $3 Bln Buyback; But Stock Down

UBS Turns To Profit In Q4, Hikes Dividend, Plans $3 Bln Buyback; But Stock Down

Swiss banking major UBS Group AG reported Tuesday a profit in its fourth quarter, compared to prior year's loss, benefited by increased revenues. The company also raised its dividend, and announced up to $3 billion share buyback program. Meanwhile, the shares were losing around 5 percent in the trading in Switzerland, as well as around 6 percent in pre-market activity on the NYSE.
RTTNews | 10h 59min ago
CTS Guides FY25 Below Estimates - Update

CTS Guides FY25 Below Estimates - Update

While reporting financial results for the fourth quarter on Tuesday, CTS Corp. (CTS) initiated its adjusted earnings and sales guidance for the full-year 2025.
RTTNews | 11h 23min ago