Flora Growth Corp. (FLGC) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: January 08, 2026

Risk Assessment Details

Potential Dilution: 1009.98% of current shares
Recent Dilution: 94.66% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
750K
Potential Supply
7.5M
Additional shares possible
Splits
1 Split 1 Reverse
Past 2 years

Summary

FLGC currently has 747K outstanding shares. with significant dilution risk as 7.54M authorized shares could dilute existing holders by 1010.0%. The company has significantly diluted shareholders by 94.66% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 stock split (positive for accessibility) and 1 reverse split (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Jan 08, 2026

S-3 filing: This prospectus relates to 966,497 common shares of Flora Growth Corp. that may be sold from time to time by the Selling Securityholders.

750K 7.5M
Dec 31, 2025

8-K filing: Flora Growth Corp. entered into a note settlement agreement with DeFi Development Corp. to settle a Solana-denominated convertible note by paying Solana, cash, and common shares.

750K 6.6M
Nov 28, 2025

S-1 filing: This S-1 filing outlines a proposed offering involving the sale of common shares by a selling shareholder and the potential issuance of shares under an ELOC agreement.

750K 6.6M
Nov 05, 2025

10-Q filing | 0.7M shares outstanding

740K 280K
Sep 23, 2025

8-K filing: Flora Growth Corp. entered into multiple private placement agreements, including cash, token, and note offerings, and an equity transfer agreement, to raise capital and restructure its business. ($228.96M proceeds)

580K 280K
Aug 03, 2025
Stock Split

8-K filing: Stock split 1-for-39 | Outstanding: 22,568,653 → 578,683

580K 280K
Aug 01, 2025

10-Q filing | 22.6M shares outstanding

23M 11M
May 14, 2025

S-3 filing: Flora Growth Corp. is offering 3,860,003 common shares through a shelf registration for selling securityholders. The company will not receive any proceeds from the sale.

23M 11M
May 13, 2025

10-Q filing | 22.6M shares outstanding

23M 6.9M
May 02, 2025

8-K filing: Flora Growth Corp. issued 3,133,011 common shares and 726,992 pre-funded warrants in a private placement, with net proceeds of approximately US$1,100,000.

19M 6.9M
Mar 25, 2025

S-3/A filing: This S-3/A filing relates to 3,211,508 common shares of Flora Growth Corp. offered by selling securityholders. The company will not receive any proceeds from the sale.

19M 6.9M
Mar 24, 2025

10-K filing | 19.4M shares outstanding

19M 6.9M
Feb 24, 2025

S-3 filing: This S-3 filing relates to 3,211,508 common shares of Flora Growth Corp. being offered by selling securityholders.

13M 6.9M
Feb 05, 2025

8-K filing: Flora Growth Corp. purchased 100% of United Beverage Distribution Inc. and issued 923,744 shares of its common stock to the sellers (excluding Flora insiders) and promissory notes in the aggregate principal amount of $2,845,700.

13M 3.7M
Dec 16, 2024

8-K filing: Flora Growth Corp. completed a registered direct offering of 2,850,000 common shares at an unstated price, resulting in net proceeds of approximately $3.1 million for general corporate purposes. ($3.1M proceeds)

13M 3.7M
Dec 12, 2024

8-K filing: Flora Growth Corp. completed an offering of 425,000 common shares at $1.67 per share, resulting in gross proceeds of approximately $709,750. ($0.71M proceeds)

13M 3.7M
Nov 13, 2024

10-Q filing | 13.4M shares outstanding

13M 3.7M
Aug 12, 2024

10-Q filing | 13.4M shares outstanding

13M 3.7M
Jun 05, 2024

8-K filing: Flora Growth Corp. acquired Australian Vaporizers Pty Ltd. by issuing 550,000 common shares to Lifeist Wellness Inc., valued at $0.7 million. ($0.7M proceeds)

13M 3.7M
May 14, 2024

10-Q filing | 12.8M shares outstanding

13M 3.7M
Apr 23, 2024

S-3 filing: This prospectus relates to 2,135,199 common shares of Flora Growth Corp. issued to the selling securityholders pursuant to a Stock Purchase Agreement by and between the Company and TruHC Holding GmbH that may be sold from time to time by the Selling Securityholders.

9M 3.7M
Apr 19, 2024

8-K filing: Flora Growth Corp. will acquire TruHC Pharma GmbH in exchange for 2,770,562 common shares, with 2,135,199 shares issued at the first closing and 635,363 shares to be issued upon shareholder approval. ($6.4M proceeds)

9M 1.6M
Apr 08, 2024

8-K filing: Flora Growth Corp. completed an offering of 1,700,000 common shares at a price of $1.90 per share, resulting in net proceeds of approximately $2.8 million. ($2.8M proceeds)

9M 1.6M
Apr 05, 2024

8-K filing: Flora Growth Corp. entered into a binding letter of intent to acquire all of the issued and outstanding shares of TruHC Pharma GmbH, issuing 2,770,562 common shares to the seller in two steps, with the first step involving the issuance of shares representing 19.99% of Flora's outstanding common shares at $2.31 per share. ($6.4M proceeds)

9M 1.6M
Mar 28, 2024

10-K filing | 9.0M shares outstanding

9M 1.6M
Nov 08, 2023

10-Q filing | 8.2M shares outstanding

8.2M 1.6M
Oct 18, 2023

S-1 filing: This S-1 filing pertains to the offering of 1,423,760 common shares by selling securityholders, underlying outstanding warrants. The company will not receive any proceeds from the sale of these shares.

8.2M 1.6M
Sep 21, 2023

8-K filing: Flora Growth Corp. completed a registered direct offering and private placement, selling 1,369,000 common shares and warrants to purchase up to 1,369,000 common shares, with net proceeds of approximately $2.4 million, and amended existing warrants to adjust the exercise price to $2.50 per share and extend the termination date.

6.9M 160K
Sep 18, 2023

8-K filing: Flora Growth Corp. will acquire all the issued and outstanding common shares of Australian Vaporizers Pty Ltd. in exchange for the issuance to Lifeist Wellness Inc. of an aggregate maximum of 600,676 common shares in the capital of Flora, valued at $1.7 million. ($1.7M proceeds)

6.9M 160K
Aug 30, 2023

S-3/A filing: Flora Growth Corp. files an S-3/A form to register the offering of common shares, warrants, and units, with an aggregate offering price not exceeding $80,000,000.

6.9M 160K
Aug 25, 2023

S-3 filing: Flora Growth Corp. files an S-3 registration statement to offer common shares, warrants, and units up to an aggregate initial offering price of $10,000,000.

6.9M 160K
Aug 10, 2023

10-Q filing | 6.9M shares outstanding

6.9M 160K
Jun 09, 2023
Stock Split

8-K filing: Stock split 1-for-20 | Outstanding: 135,573 → 6,778

6.8K 160K
May 15, 2023

10-Q filing | 0.1M shares outstanding

140K 3.1M
Mar 31, 2023

10-K filing | 0.1M shares outstanding

140K 3.1M
Sep 23, 2022

F-3 filing: Flora Growth Corp. intends to offer common shares, warrants and units for sale, with an aggregate offering price not to exceed $25,000,000.

66M 3.1M
May 09, 2022

20-F filing | 65.5M shares outstanding

66M 3.1M
Nov 16, 2021

F-1 filing: This F-1 filing details a follow-on public offering by Flora Growth Corp., involving units comprised of common shares and warrants, with the intent to fund operating capacity, working capital, and general corporate purposes.

59M 3.1M
Feb 11, 2021

F-1 filing: This is an F-1 filing for Flora Growth Corp. about offering of common stock and underwriter warrants.

N/A 0
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