Flora Growth Corp
For the period ended Dec 31, 2023. Filed Mar 28, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 28, 2024
ZSTK$2.69+6.7%Stored close · as of Nov 9, 2026
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Consolidated Statements of Financial Position
(in thousands of United States dollars, except share amounts which are in thousands of shares)
| As at: | December 31, 2023 | December 31, 2022 |
|---|---|---|
| ASSETS | ||
| Current | ||
| Cash | $4,350 | $8,935 |
| Restricted cash | 35 | - |
| Trade and amounts receivable, net of $315 allowance ($1,385 at 2022) | 3,950 | 5,259 |
| Loans receivable and advances | - | 271 |
| Prepaid expenses and other current assets | 1,368 | 805 |
| Indemnification receivables | 3,153 | 3,429 |
| Inventory | 8,508 | 8,747 |
| Current assets held for sale | - | 3,709 |
| Total current assets | 21,364 | 31,155 |
| Non-current | ||
| Property, plant and equipment | 847 | 1,218 |
| Operating lease right of use assets | 389 | 2,118 |
| Intangible assets | 946 | 17,739 |
| Goodwill | - | 23,372 |
| Investments | - | 730 |
| Other Assets | 80 | 263 |
| Non-current assets held for sale | - | 4,392 |
| Total assets | $23,626 | $80,987 |
| LIABILITIES | ||
| Current | ||
| Trade payables | $5,111 | $7,831 |
| Contingencies | 5,500 | 5,044 |
| Current portion of debt | 1,931 | 1,086 |
| Current portion of operating lease liability | 799 | 1,116 |
| Current portion of contingent purchase considerations | 1,095 | - |
| Other accrued liabilities | 1,844 | 1,760 |
| Current liabilities held for sale | - | 610 |
| Total current liabilities | 16,280 | 17,447 |
| Non-current | ||
| Non-current operating lease liability | 942 | 1,561 |
| Deferred tax | - | 1,712 |
| Contingent purchase considerations | - | 3,547 |
| Non-current liabilities held for sale | - | 308 |
| Total liabilities | 17,222 | 24,575 |
| SHAREHOLDERS' EQUITY | ||
| Share capital, no par value, unlimited authorized, 8,935 issued and outstanding (6,776 at 2022) | - | - |
| Additional paid-in capital | 149,093 | 150,420 |
| Accumulated other comprehensive loss | (140) | (2,732) |
| Deficit | (142,549) | (90,865) |
| Total Flora Growth Corp. shareholders' equity | 6,404 | 56,823 |
| Non-controlling interest in subsidiaries | - | (411) |
| Total shareholders' equity | 6,404 | 56,412 |
| Total liabilities and shareholders' equity | $23,626 | $80,987 |
The accompanying notes are an integral part of these consolidated financial statements. Commitments and contingencies - see Note 19.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.