Michael Heinrich and Zero Gravity Labs Inc. File Schedule 13D for Flora Growth Corp.

Michael Heinrich and Zero Gravity Labs Inc. have filed a Schedule 13D with the SEC regarding their holdings in Flora Growth Corp. The filing discloses that Michael Heinrich, who is the Chief Executive Officer of Zero Gravity Labs Inc., has been appointed as a director and Chairman of the Board of Flora Growth Corp. The filing also details a convertible promissory note issued to Zero Gravity Labs Inc. by Flora Growth Corp., with a principal amount of $150,000,000, which can be converted into common shares of Flora Growth Corp. at a conversion price of $33.34 per share. The total number of common shares underlying the principal amount of the note is 4,499,100, with an additional 403,120 shares projected through September 30, 2026. The filing indicates that Michael Heinrich and Zero Gravity Labs Inc. collectively own 87.0% of the common shares of Flora Growth Corp.