Reference Transaction

Advising Hoshi International on its CAD $18.5m Series A financing round.

Hoshi International Inc.

Flora Growth Corp. (NASDAQ: FLGC), Green Acre Capital

SECTOR

Healthcare

TRANSACTION TYPE

Fundraise

CLOSING TIME

24/08/2021

Press Release

Official deal announcement

View Press Release

Represented by Saxenhammer

Hoshi International is a European focused, fully integrated medical cannabis company with strategic assets along the entire value chain including cultivation, processing and distribution of dry flower and oil derivatives to the emerging European medical cannabis market.

Flora Growth is an internationally focused cannabis company that leverages natural, low-cost cultivation practices to supply cannabis derivatives to its diverse business divisions. Green Acre Capital is a private investment fund dedicated exclusively to the Canadian medical and recreational cannabis industry. The fund invests in sectors across the cannabis value chain including production, research, consumer products and retail.

Saxenhammer Transaction Team

Following transaction team facilitated the transaction for our client.

About the sector

Healthcare

The healthcare industry is one of the largest sectors of the German economy. It is a growth driver due to its innovative strength and employment intensity. It can be divided into three major sub-sectors: medical care, the industrial health economy, and the other sub-sectors. About 7.5 m people are employed in the health care sector - this corresponds to almost 17% of all employed persons in Germany.