SCHEDULE 13G/A: Empery Asset Management Discloses 1.92% Beneficial Ownership in Flora Growth Corp.
Beneficial Ownership Disclosure
Empery Asset Management, LP, along with its managing members Ryan M. Lane and Martin D. Hoe, has filed an amended Schedule 13G disclosing a 1.92% beneficial ownership stake in Flora Growth Corp.
Summary
- Empery Asset Management, LP, Ryan M. Lane, and Martin D. Hoe (collectively, 'Reporting Persons') have filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership of Common Shares of Flora Growth Corp.
- The Reporting Persons collectively beneficially own 374,065 Common Shares of Flora Growth Corp., which includes 25,000 Common Shares issuable upon the exercise of Warrants.
- This ownership represents 1.92% of the outstanding Common Shares of Flora Growth Corp.
- The percentage is calculated based on an aggregate of 19,435,642 Common Shares outstanding as of March 22, 2025, as reported in the Company's Annual Report on Form 10-K filed on March 24, 2025.
- The shares are held with shared voting power and shared dispositive power by the Reporting Persons.
- The Reporting Persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Flora Growth Corp.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate a positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
NA
Management Comments
- The Reporting Persons certify that, to the best of their knowledge and belief, the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.
Industry Context
NA
Stakeholder Impact
- Provides transparency to shareholders and the market regarding significant institutional ownership in Flora Growth Corp.
Key Dates
| Date | Description |
|---|---|
| 03/22/2025 | Date as of which 19,435,642 Common Shares outstanding were reported in Flora Growth Corp.'s Annual Report on Form 10-K, used for ownership percentage calculation. |
| 03/24/2025 | Date Flora Growth Corp. filed its Annual Report on Form 10-K with the SEC. |
| 03/31/2025 | Date of event which required the filing of this statement. |
| 04/29/2025 | Date the Schedule 13G/A statement was signed and filed. |
Keywords
Flora Growth Corp, Empery Asset Management, Ryan M. Lane, Martin D. Hoe, Schedule 13G, Beneficial Ownership, Common Shares, Institutional Investor, Investment Management
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.