Flora Growth Corp. announced that Clifford Starke has been appointed as Chief Executive Officer to lead its global operations. Mr. Starke, who previously served as President of the Company, takes over for Hussein Rakine, who resigned as CEO but will remain on the Company's Board of Directors.

Mr. Starke was previously the Company's President and a Director beginning in December 2022. Prior to that, Mr. Starke served as the Executive Chairman and Chief Executive Officer of Franchise Global Health Inc. Since May 2018, Mr. Starke has served as the Chairman of Hampstead Private Capital Ltd., a Bermuda based merchant bank investing in small to mid-cap, high growth companies in various sectors and primarily focused on the medical cannabis industry. Mr. Starke has 18 years of investing and public markets experience and, over the last 10 years, has acted as a financier, investor, and operator of cannabis companies.

Mr. Starke holds a Bachelor of Arts degree in History from Queen's University. On June 21, 2023, Hussein Rakine tendered his resignation as the Chief Executive Officer (principal executive officer) of Flora Growth Corp., a corporation organized under the laws of the Province of Ontario (“ Flora” or the Company”), with such resignation becoming effective June 25, 2023 (the “ Rakine Separation Date”). Mr. Rakine intends to remain as a director on the Company’s Board of Directors (the “ Board”).