Just Brands LLC, a wholly-owned subsidiary of Flora Growth Corp. (NASDAQ: FLGC), has acquired substantially all of the assets pertaining to the brand No Cap Hemp Co. The company acquired the No Cap assets without paying any consideration at closing. Instead, Flora will pay to the sellers, 10% of the gross revenue received from the sale of No Cap products up to a maximum of $2 million.

“This transaction will allow Flora to immediately benefit from a profitable, cash flow positive and growing business,” stated Luis Merchan, chairman and CEO of Flora Growth. “This strategic acquisition demonstrates our disciplined capital allocation approach that is consistent with both short-term needs and …

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