Flora Regains Compliance with NASDAQ Minimum Bid Requirement
Rhea-AI Summary
Flora Growth Corp. (NASDAQ: FLGC) has successfully regained compliance with Nasdaq's minimum bid price requirement. The company received confirmation from Nasdaq on August 19, 2025, after maintaining a closing bid price above $1.00 per share for 10 consecutive trading days from August 4-15, 2025.
This development resolves the compliance issue that began on February 25, 2025, when Nasdaq notified Flora of its non-compliance with the minimum bid price requirement. The company had been given a 180-calendar day period to meet the listing standard. With this requirement now satisfied, Flora remains fully compliant with all Nasdaq listing standards and will continue trading on the exchange.
Positive
- Successfully regained Nasdaq listing compliance
- Maintained share price above $1.00 for required period
- Continues listing on major exchange without interruption
Negative
- Previously faced delisting risk due to low share price
- Required 6-month compliance period to resolve listing issues
News Market Reaction
On the day this news was published, FLGC gained 7.61%, reflecting a notable positive market reaction. This price movement added approximately $860K to the company's valuation, bringing the market cap to $12M at that time.
Data tracked by StockTitan Argus on the day of publication.
Fort Lauderdale, Florida--(Newsfile Corp. - August 20, 2025) - Flora Growth Corp. (NASDAQ: FLGC) (FSE: 7301) ("Flora" or the "Company") is pleased to announce that on August 19, 2025, it has received notice from The Nasdaq Stock Market, LLC ("Nasdaq") stating that the Company has regained compliance with the minimum bid price requirement set forth in Rule 5550(a)(2) of the Nasdaq Listing Rules (the "Minimum Bid Price Requirement"). Flora is now in compliance with all applicable listing standards and will continue to be listed and traded on Nasdaq.
As previously announced, on February 25, 2025 Nasdaq notified the Company that it was not in compliance with the Minimum Bid Price Requirement of
Investor Relations:
Investor Relations ir@floragrowth.com
Clifford Starke Clifford.Starke@floragrowth.com
Media:
Cautionary Statement Concerning Forward-Looking Statements
This press release contains "forward-looking statements," as defined by U.S. federal securities laws. Forward-looking statements reflect Flora's current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words "believe," "expect," "anticipate," "will," "could," "would," "should," "may," "plan," "estimate," "intend," "predict," "potential," "continue," and the negatives of these words and other similar expressions generally identify forward-looking statements. These forward-looking statements include, but are not limited to, statements about: continued compliance with applicable listing standards and the Company's continued listing on Nasdaq. Such forward-looking statements are subject to various and risks and uncertainties, including those described under section entitled "Risk Factors" in Flora's Annual Report on Form 10-K filed with the United States Securities and Exchange Commission (the "SEC") on March 24, 2025, as such factors may be updated from time to time in Flora's periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov/edgar. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in Flora's filings with the SEC. While forward-looking statements reflect Flora's good faith beliefs, they are not guarantees of future performance. Flora disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes after the date of this press release, except as required by applicable law. You should not place undue reliance on any forward-looking statements, which are based on information currently available to Flora (or to third parties making the forward-looking statements).
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/263158
FAQ
What was the minimum share price requirement Flora Growth (FLGC) needed to meet for Nasdaq compliance?
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