Flora Growth Corp 2025年季度报告

Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports); Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). As of May 9, 2025, the registrant had22,568,653shares of its common shares, no par value ("Common Shares") outstanding. Table of Contents Cautionary Statement Regarding Forward-Looking Statements PART IItem 1. Financial Statements PART IIItem 1. Legal Proceedings 37Item 1A. Risk Factors37 Cautionary Statement Regarding Forward-Looking Statements This Quarterly Report on Form 10-Q (this "Quarterly Report") contains "forward-looking statements," as that term is defined under thePrivate Securities Litigation Reform Act of 1995 ("PSLRA"), Section 27A of the Securities Act of 1933, as amended (the "SecuritiesAct"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act").Forward-looking statements mayinclude projections and estimates concerning our possible or assumed future results of operations, financial condition, businessstrategies and plans, market opportunity, competitive position, industry environment, and potential growth opportunities.In somecases, you can identify forward-looking statements by terms such as "may", "will", "should", "believe", "expect", "could", "intend","plan", "anticipate", "estimate", "continue", "predict", "project", "potential", "target," "goal" or other words that convey the uncertaintyof future events or outcomes. You can also identify forward-looking statements by discussions of strategy, plans or intentions. We havebased these forward-looking statements on our current expectations and assumptions about future events. While our management our limited operating history and net losses;changes in cannabis laws, regulations and guidelines;decrease in demand for cannabis and derivative products due to certain research findings, proceedings, or negative mediaattention;our ability to continue as a going concern absent access to sources of liquidity;damage to our reputation as a result of negative publicity;exposure to product liability claims, actions and litigation; Given the foregoing risks and uncertainties, you are cautioned not to place undue reliance on the forward-looking statements in thisQuarterly Report. The forward-looking statements contained in this Quarterly Report are not guarantees of future performance and ouractual results of operations and financial condition may differ materially from such forward-looking statements. In addition, even if Any forward-looking statement that we make in this Quarterly Report speaks only as of the date of this Quarterly Report. Except asrequired by law, we do not undertake any obligation to update or revise, or to publicly announce any update or revision to, any of the PART I Item 1. Financial StatementsFlora Growth Corp.Table of ContentsUnaudited Condensed Interim Consolidated Financial Statements:PageUnaudited Condensed Interim Consolidated Statements of Financial Position as of March 31, 2025 and December 31,20245Unaudited Condensed Interim Consolidated Statements of Loss and Comprehensive Loss for the Three Months EndedMarch 31, 2025 and 20246Unaudited Condensed Interim Consolidated Statements of Changes in Shareholders' Equity (Deficiency) for the ThreeMonths Ended March 31, 2025 and 20247Unaudited Condensed Interim Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2025 and20248Notes to Unaudited Condensed Interim Consolidated Financial Statements94 Flora Growth Corp. Flora Growth Corp.Unaudited Condensed Interim Consolidated Statements of Loss and Comprehensive Loss(in thousands of United States dollars, except per share amounts which are in thousands of shares) Flora Growth Corp.Unaudited Condensed Interim Consolidated Statement of Shareholders' Equity (Deficiency)(in thousands of United States dollars, except for share amounts which are in thousands of shares)