Flora Growth shares fall 18.87% premarket after company withdraws proposed public offering of common shares.

Flora Growth (NASDAQ: FLGC) fell 18.87% in premarket trading following its announcement to withdraw the proposed public offering of common shares. The company cited compliance with securities laws as the reason, stating no sales would proceed in jurisdictions requiring prior registration. This move, disclosed in multiple press releases on January 28, 2026, likely triggered investor concerns over delayed fundraising efforts or strategic uncertainty. While Flora Growth is rebranding as ZeroStack to focus on decentralized AI, the withdrawal of the equity offering—without clear justification—undermined short-term confidence. The decision aligns with regulatory caution but signals potential challenges in executing capital-raising plans, directly contributing to the sharp premarket decline.