Director Wolkin buys 25,000 shares at $0.97 avg; stock down 74.3% from 52-week high of $142.74
Wolkin Harold, a Director at Flora Growth Corp., executed 3 separate purchases totaling 25,000 shares for $24,255.00 at an average price of $0.97 on 2024-09-06, establishing an initial position after holding zero shares. The purchase occurs while the stock trades at $36.66, down 74.3% from its 52-week high of $142.74, suggesting a significant pullback from recent valuation peaks. The company generated $15.7M in quarterly revenue with 104.6% annual growth but remains unprofitable with a $-2.6M net income in the most recent full fiscal year. The transaction represents a material accumulation at substantially depressed levels relative to recent trading history, though the substantial distance from the 52-week high and ongoing losses warrant assessment of whether this reflects opportunistic entry or other considerations beyond valuation context.