Starke & Porras Amend Flora Growth Filing

TL;DR

Starke & Porras updated their Flora Growth stake filing on 4/15. Watch this space.

AI Summary

Clifford Starke and Pia Porras, through an entity associated with Flora Growth Corp., have amended their Schedule 13D filing on April 15, 2024. The filing relates to their ownership of Flora Growth Corp. common shares. The specific details of the amendment, including any changes in share ownership or beneficial interest, are not fully detailed in the provided text, but the filing date indicates a recent update.

Why It Matters

This amendment signals a potential shift in significant ownership or control of Flora Growth Corp., which could impact the company's stock price and strategic direction.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate significant changes in beneficial ownership, which can lead to increased volatility and uncertainty for the company's stock.

Key Numbers

• 20240415 — Filing Date (Date of the Schedule 13D/A amendment)

Key Players & Entities

• Flora Growth Corp. (company) — Subject company
• Clifford Starke (person) — Filing person
• Pia Porras (person) — Filing person
• Dorsey & Whitney LLP (company) — Legal counsel
• Richard Raymer (person) — Contact person at legal counsel

FAQ

Key Financial Figures

• $1.90 — f 1,700,000 common shares at a price of $1.90 per share (the "Offering"). YT Research

Filing Documents

• sc13d.htm (SC 13D/A) — 23KB
• image0.jpg (GRAPHIC) — 3KB
• 0000912282-24-000381.txt ( ) — 29KB

. Source and Amount of Funds or Other Consideration

Item 3 . Source and Amount of Funds or Other Consideration PF

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Item 4. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer: On April 8, 2024, the Issuer closed a private placement offering of 1,700,000 common shares at a price of $1.90 per share (the "Offering"). YT Research Inc., a company in which the Reporting Person is the sole director and equity owner, purchased 526,315 common shares in the Offering. The 33,579 shares previously held by BTF Investments, Inc., a company in which the Reporting Person is the sole director and equity owner, have been transferred to YT Research Inc.

Interests in Securities of the Issuer

Item 5. Interests in Securities of the Issuer: As of April 8, 2024, the Reporting Person holds the following shares of Common Stock: (a) Number of shares as to which the Reporting Person has: (i) Sole power to vote or to direct the vote: 1,340,056 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or direct the disposition: 1,340,056 (iv) Shared power to dispose or direct the disposition: 0 (v) Aggregate amount of shares beneficially owned: 1,340,056 (vi) Percent of class represented in Item (v) above: 12.54%

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer None

Materials to be Filed as Exhibits

Item 7. Materials to be Filed as Exhibits None SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: April 15, 2024 /s/ Dany Vaiman as attorney-in-fact for Clifford Starke Clifford Starke

View Full Filing

View this SC 13D/A filing on SEC EDGAR