Michael Heinrich's Convertible Promissory Note Issuance in Flora Growth Corp.

On October 23, 2025, Michael Heinrich, the Executive Chairman of Flora Growth Corp., issued a convertible promissory note to Zero Gravity Labs Inc., a Delaware corporation owned and controlled by Heinrich. The note has a principal amount of 50,000,000 OG bitcoin tokens and can be converted into common shares of Flora Growth Corp. at the option of the holder, subject to shareholder approval which was granted on October 22, 2025. The total number of common shares underlying the note is 4,902,220, which includes 4,499,100 common shares underlying the principal amount and 403,120 common shares underlying the interest through September 2026. The conversion price is set at $33.34 per share. This transaction is reported under Form 4 and reflects Heinrich's indirect ownership through Zero Gravity Labs Inc.