Flora Growth Corp. - Schedule 13D/A Filing
This filing details a significant change in beneficial ownership of Flora Growth Corp. common stock. Michael Heinrich, identified as the Reporting Person, and his controlled entity, Zero Gravity Labs Inc., collectively hold 5,373,428 shares, representing 86.4% ownership. This increase is largely due to the grant of 471,208 stock options to Michael Heinrich on December 19, 2025. These options are exercisable at $7.31 per share and vest in five installments, contingent upon the stock reaching specific volume-weighted average price (VWAP) thresholds ranging from $10.97 to $25.59. The filing is an amendment to a previous Schedule 13D, with the amendment number noted as 1. The transaction purpose is primarily related to these newly granted stock options.