
Why Did Flora Growth Corp (FLGC) Surge 6% In After-Hours Trading?

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Flora Growth Corp (FLGC) surged 5.98% in after-hours trading, closing at $10.55. The company filed a Form 1-A with the SEC to sell up to 30 million shares at $2.50 each, aiming to raise $75 million. Despite a net loss of $3.4 million, FLGC's stock rose due to the filing. The stock is down 85.25% over the past year, with a market cap of $7.43 million.

