Flora Growth Corp
For the period ended Jun 30, 2024. Filed Aug 12, 2024.
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Jun 30, 2024 · Filed Aug 12, 2024
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Item 5. Other Information
(c)Trading Plans.
On June 7, 2024, Dany Vaiman, our Chief Financial Officer, adopted a trading plan intended to satisfy the conditions under Rule 10b5-1(c) of the Exchange Act. Mr. Vaiman's plan is for the sale of up to 170,850 common shares of the Company directly held by Mr. Vaiman in amounts and prices determined in accordance with formulae set forth in the plan. The plan terminates on the earliest to occur of the following events:(i) sixty (60) months after the date of adoption of this plan, (ii) the date on which the agent is required to suspend or terminate sales of common shares under the plan, (iii) the date on which the Company or any other person publicly announces a tender or exchange offer with respect to the common shares or a merger, acquisition, reorganization, recapitalization or comparable transaction affecting the securities of the Company as a result of which the common shares are to be exchanged or converted into shares of another company, (iv) the date on which the agent receives notice of the commencement or impending commencement of any proceedings in respect of or triggered by Mr. Vaiman's bankruptcy or insolvency, (v) the permissible sales volume being reached under Rule 144(e) and until such time as the Rule 144(e) volume restrictions permit further sales, (vi) the date on which all the common shares permitted to be sold under this plan have been sold, (v) the date on which Mr. Vaiman ceases to be an insider of the Company.
On June 14, 2024, Edward Woo, one of ourdirectors, adopted a trading plan intended to satisfy the conditions under Rule 10b5-1(c) of the Exchange Act. Mr. Woo's plan is for the sale of up to 74,512 common shares of the Company directly held by Mr. Woo in amounts and prices determined in accordance with formulae set forth in the plan. The plan terminates on the earliest to occur of the following events:(i) sixty (60) months after the date of adoption of this plan, (ii) the date on which the agent is required to suspend or terminate sales of common shares under the plan, (iii) the date on which the Company or any other person publicly announces a tender or exchange offer with respect to the common shares or a merger, acquisition, reorganization, recapitalization or comparable transaction affecting the securities of the Company as a result of which the common shares are to be exchanged or converted into shares of another company, (iv) the date on which the agent receives notice of the commencement or impending commencement of any proceedings in respect of or triggered by Mr. Woo's bankruptcy or insolvency, (v) the permissible sales volume being reached under Rule 144(e) and until such time as the Rule 144(e) volume restrictions permit further sales, (vi) the date on which all the common shares permitted to be sold under this plan have been sold, (v) the date on which Mr. Woo ceases to be an insider of the Company.
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