Lifeist Announces Sale of Non-core Subsidiary Australian Vapes [Financial Post (Toronto, Ontario, Canada)]
Flora Growth Corp. (FLGC)
Company Research
Source: Financial Post
TORONTO, Sept. 18, 2023 (GLOBE NEWSWIRE) — Lifeist Wellness Inc. (“Lifeist” or the “Company”) (TSXV: LFST) (FRANKFURT: M5B) (OTCMKTS: LFSWF), a health-tech company that leverages advancements in science and technology to build breakthrough companies that transform human wellness, today announced it has entered into a definitive share purchase agreement (the “SPA”) with Flora Growth Corp. (NASDAQ: FLGC) (“Flora”) to divest and sell Australian Vaporizers Pty Limited (“Australian Vapes”), its wholly owned Australian subsidiary, to Flora for a purchase price of US$1.9 million, subject to certain adjustments. The transaction is expected to close in late September or early in the fourth quarter of 2023. “Australian Vapes is a legacy business within Lifeist and its sale represents another step of our transformation into a portfolio of wellness focused products and ventures,” said Meni Morim, CEO of Lifeist Wellness. “The decision to divest Australian Vapes aligns both strategically and fi
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FLGC
Sec Filings
- 12/17/24 - Form SC
- 12/17/24 - Form SC
- 12/17/24 - Form 4
- FLGC's page on the SEC website