Flora Growth Corp. Forms Joint Venture with Althea Group Holdings to Create Leading Beverages Brand in U.S. Market [Yahoo! Finance]
Flora Growth Corp. (FLGC)
Company Research
Source: Yahoo! Finance
Each party to the joint venture contributed $250,000 of operating capital. Peak USA will link Flora's U.S.-based CPG team with Althea's Peak Processing Solutions ("Peak"), which is a recognized market leader in cannabis-infused beverages. Peak has a 40% market share in Canada. Peak USA will combine Flora's brand-launching expertise with Althea's processing experience to produce the next generation of beverages for the U.S. market. According to Headset Data, the beverage market segment currently represents only 1% to 3% of the U.S. cannabis market. First-time daily cannabis use overtook alcohol, with roughly 17.7 million users compared to 14.7 million for alcohol. Fort Lauderdale, Florida--(Newsfile Corp. - June 4, 2024) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company") has formed a joint venture with Althea Group Holdings (ASX: AGH) ("Althea") to enter the hemp-derived beverage market. "Aligning with Althea instantly bolsters our credibility within the beverage
Show less
Read more
Impact Snapshot
Event Time:
FLGC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FLGC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FLGC alerts
High impacting Flora Growth Corp. news events
Weekly update
A roundup of the hottest topics
FLGC
News
- Flora Growth Corp. Closes Acquisition of Australian Vaporizers [Yahoo! Finance]Yahoo! Finance
- Lifeist Sells Australian Vapes [Yahoo! Finance]Yahoo! Finance
- Lifeist Sells Australian Vapes [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Lifeist Sells Australian VapesGlobeNewswire
- Vessel Brand Unveils the Second-Generation Compass Rise - The Next Evolution in Functionality and Elegance [Yahoo! Finance]Yahoo! Finance
FLGC
Sec Filings
- 6/28/24 - Form DEF
- 6/27/24 - Form SC
- 6/21/24 - Form PRER14A
- FLGC's page on the SEC website