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Another Cannabis Pioneer Expands In Germany Via Acquisition As Experts Say ‘There’s No Stepping Back’ From Legalization Wave

Flora Growth Corp. has entered into a definitive agreement to acquire all of the issued and outstanding shares of Hamburg, Germany-based TruHC Pharma GmbH. The company's latest move to further cement its global footprint comes on the heels of a new German cannabis law that went into effect on April 1, which partially legalized cannabis. The new law allows adults over 18 in Germany to legally possess up to 25 grams of dried cannabis and cultivate up to three marijuana plants at home.As previously announced, Flora agreed to purchase TruHC Pharma GmbH in an all-stock deal in exchange for 2,770,562 of its common shares, valued at $6.4 million.

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Ancillary Cannabis Co.’s Stock Surges On News Of Merger With California Provider Of CEA Products And Solution

Nature's Miracle Holding Inc. (NASDAQ: NMHI) has entered into a term sheet to acquire 100% of all the outstanding shares of Agrify Corporation (NASDAQ: AGFY).The California-based integrated agriculture technology company that provides equipment and services to the controlled environment agriculture industry said on Wednesday that it would issue shares of its common stock to acquire Agrify.Agrify's equity is valued at $6.35 million, or $0.4185 per share.The deal is expected to bring a meaningful revenue stream for Nature's Miracle through Agrify's powerful SaaS and AI technology.

AGFY

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Why Is Cultivation Solutions Provider Agrify Stock Soaring Today?

Shares of Agrify Corporation surge following the announcement of its acquisition by Nature's Miracle Holding Inc. The proposed deal, set to exchange 0.45 shares of Nature's Miracle for each Agrify share, positions Agrify's SaaS and AI technology as a lucrative revenue stream for Nature's Miracle, while Agrify gains access to cutting-edge horticultural lighting technologies.

AGFY