Flora Growth

Flora Growth

Closed: Dec. 2020

About this raise

Flora Growth, with a pre-money valuation of $57 million, is raising funds through Reg A+ crowdfunding. The company makes and sells high-quality organic CBD oils and derivatives. The products of Flora Growth find use in the worldwide cosmetic, pharmaceutical, and food and beverage industries. Flora Growth is led by Damian Lopez and Deborah Battiston. The current crowdfunding round has no minimum goal and a maximum goal of $50,000,000, and the proceeds will be used for research and development, working capital, and general corporate purposes. Flora Growth is fully licensed and plans to cultivate 100 hectares of cannabis, with Colombia as its hub for cannabis operations. The company has letters of intent with companies for CBD oil to be used in their coffees, juices, creams, lotions, capsules, and panela.

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Investment Overview

Invested this round: $32,403,600

Deal Terms

Total Commitments

Platform
Dalmore Group
Start Date
12/19/2019
Close Date
12/12/2020
Min. Goal
$10
Max Goal
$50,000,000
Min. Investment

$1,000

Security Type

Equity - Common

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$0.75

Pre-Money Valuation

$60,600,000

Company & Team

Company

Year Founded
2019
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
AgriTech
Location
Toronto, Ontario
Company Website
Visit Website

Team

Employees
13

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/12/2020 Dalmore Group $60,600,000 $32,403,600 Equity - Common Funded RegA+
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Flora Growth on Issuance
Platform: Dalmore Group
Security Type: Equity - Common
Valuation: $60,600,000
Price per Share: $0.75

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Warning: according to the close date for this deal, Flora Growth may no longer be accepting investments.

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