Flora Growth completed the acquisition of Franchise Global Health.

Flora Growth, a cannabis company, completed the acquisition of Franchise Global Health, a medical cannabis company. Financial terms were not disclosed. “We view this acquisition as transformational as Flora pursues its strategic growth plan to lead the global market for cannabis and its derivatives. 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 our distribution network, expanding our client base, and increases our ability to distribute wholesale cannabis products at scale into the European Union," Luis Merchan, Flora Chairman and CEO.