Flora Growth Corp. 8-K

What Happened
Flora Growth Corp. announced on December 29, 2025 that it entered into a Note Settlement Agreement with DeFi Development Corp. to settle a Solana‑denominated convertible note issued on September 19, 2025. Under the agreement, if Flora pays on or before January 6, 2026: (i) 96,161.907647528 Solana (SOL), (ii) US$1,750,000 in cash, and (iii) 111,550 common shares of Flora (valued at US$6.90 per share), the Note will be deemed paid in full and terminated. The parties also agreed to mutual releases of claims. The agreement is filed as Exhibit 10.1 to the 8‑K.

Key Details

• Settlement date documented: December 29, 2025; payment deadline: on or before January 6, 2026.
• Cryptocurrency payment: 96,161.907647528 SOL.
• Cash payment: US$1,750,000.
• Equity component: 111,550 common shares valued at US$6.90 per share (aggregate implied value ≈ US$769,695).
• Result: the Note (and accrued interest) will be satisfied and terminated upon payment; mutual releases executed.

Why It Matters
This agreement extinguishes the referenced convertible note liability if Flora completes the payments, removing that debt obligation and any future conversion rights tied to that Note. Investors should note the near‑term cash outflow of $1.75 million and the transfer of a substantial amount of SOL, plus issuance of 111,550 new shares (dilution). The company’s liquidity, cash needs and share count will be affected; for precise impacts on financial statements and outstanding shares, investors should watch subsequent filings and periodic reports.