InvestorNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Announces Record Q3 2023 Results
November 9, 2023
Flora (NASDAQ: FLGC), a consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000+ points of distribution around the world, has announced its financial and operating results for the three and nine months ended Sept. 30, 2023. “The third quarter was a record quarter for Flora. Our efforts to cut […]
InvestorNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Reports Change in Leadership
October 3, 2023
Flora Growth (NASDAQ: FLGC), a global consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with more than 20,000 points of distribution, announced changes in leadership. According to the announcement, Hussein Rakine has officially resigned from his role as director at Flora Growth; however, he will continue to serve as a […]
InvestorNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Announces Pricing of $2.7M Registered Direct and Concurrent Private Placement
September 19, 2023
Flora (NASDAQ: FLGC), a global consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000+ points of distribution, today announced its entry into securities purchase agreements with institutional investors for the purchase and sale of 1,369,000 of the company’s common shares, no par value, pursuant to a registered direct offering, […]
InvestorNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Inks Deal to Acquire Australian Vaporizer
September 18, 2023
Flora Growth (NASDAQ: FLGC), a global consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with more than 20,000 points of distribution, has entered into a definitive agreement to acquire Australian Vaporizers Pty Limited. The agreement outlines FLGC’s intent to acquire all issued and outstanding shares of Australian Vaporizers in exchange […]
InvestorNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC), TruHC Pharma GmbH Partner to Capture Significant Market Share in Germany
August 18, 2023
Flora (NASDAQ: FLGC), a global consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000+ points of distribution, has announced its entry into a partnership with TruHC Pharma, a medical cannabis expert based in Hamburg, Germany. TruHC holds an EU-GDP certification as an importer, distributor and manufacturer of medical cannabis, […]
InvestorNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Release Q2 2023 Financial and Operating Report, Schedules Conference Call
August 11, 2023
Flora Growth (NASDAQ: FLGC), a consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000-plus points of distribution around the world, is reporting on its three-month and six-month performance, for the period ending June 30, 2023. Highlights for the quarter include a 140% increase in year-over-year revenue, which came in […]
InvestorNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Seals Worldwide Deal with WWE Superstar Hulk Hogan to Carry Exclusive Product Line
August 2, 2023
Flora Growth (NASDAQ: FLGC), a consumer-packaged goods leader serving all 50 states and 13 countries with 15,000+ points of distribution around the world and a pharmaceutical distributor in 28 countries, is partnering with the world-renowned Hulk Hogan. According to the announcement, Flora Growth and Hogan, a WWE superstar, have entered into an exclusive worldwide agreement. […]
InvestorNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Releases Status Update on Colombian Assets Sales Agreement
July 26, 2023
Flora Growth (NASDAQ: FLGC), a consumer-packaged goods leader serving all 50 states with 15,000-plus points of distribution around the world and a pharmaceutical distributor in 28 countries, is reporting on the agreement for the C$0.8 million sale of its Colombian-related subsidiaries and assets. The agreement, which is dated July 5, 2023, is with a private […]
InvestorNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Announces Management Changes, Compliance with NASDAQ Requirements
June 28, 2023
Flora Growth (NASDAQ: FLGC), a consumer-packaged goods leader serving all 50 states with more than 15,000 points of distribution around the world and a pharmaceutical distributor in 28 countries, has named two new executive appointments. The company announced that Clifford Starke has been appointed as CEO and Dany Vaiman has been appointed CFO. Previously serving […]
InvestorNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Announces a Reverse Stock Split
June 8, 2023
Flora Growth (NASDAQ: FLGC), a global cultivator, manufacturer and distributor of cannabis products and brands, will effect a reverse stock split. According to the announcement, the reverse stock split will be at a ratio of 1-for-20. The company has provided appropriate notice to the NASDAQ exchange, and it anticipates its common shares will start trading […]
InvestorNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Shares Location Change for Upcoming Annual, Special Shareholder Meeting
May 25, 2023
Flora Growth (NASDAQ: FLGC), a global cultivator, manufacturer and distributor of cannabis products and brands, has announced a change to the location of its upcoming annual and special meeting of shareholders. The meeting is scheduled to begin at 9 a.m. on June 6, 2023, ET. The company announced that the meeting location has changed; the […]
InvestorNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Releases Q1 2023 Financial Report
May 16, 2023
Flora Growth (NASDAQ: FLGC), a global cultivator, manufacturer and distributor of cannabis products and brands is reporting on its financial and operating results for the quarter ended March 31, 2023. Highlights of the report note that Flora generated $20.1 million in revenue during the quarter, a 307% increase year-over-year, with gross profit for the quarter […]
InvestorNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Names Serial Entrepreneur as New CEO, Board Member
April 19, 2023
Flora Growth (NASDAQ: FLGC), a leading cultivator, manufacturer and distributor of global cannabis products and brands, has appointed Hussein Rakine as CEO and a member of the board; the company also announced that Luis Merchan, board chair and CEO, had resigned both positions. Founder and CEO of Just Brands LLC, Rakine brings impressive experience to […]
InvestorNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Announces CGMP Certification of Bogotá-Based Flora Lab 4
April 4, 2023
Flora (NASDAQ: FLGC), a leading cultivator, manufacturer and distributor of global cannabis products and brands, today announced the certification of its Bogotá-based compound formulation laboratory, Flora Lab 4, following the required regulatory inspection by INVIMA (Colombia’s equivalent to the U.S. Food and Drug Administration). According to the update, the inspection certifies the lab as meeting […]
InvestorNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Releases 2022 FY Financial Report, Including Triple-Digit Growth and $37.2M in Revenue
April 3, 2023
Flora Growth (NASDAQ: FLGC), a leading cultivator, manufacturer and distributor of global cannabis products and brands, has announced its 2022 financial and operating results for the fiscal year ended Dec. 31, 2022. Highlights of the report include $37.2 million in revenue for the year, which is a year-over-year increase of 314% and includes record revenue […]
InvestorNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Schedules Release of 2022 YE Results, Earnings Call
March 21, 2023
Flora (NASDAQ: FLGC), a leading cultivator, manufacturer and distributor of global cannabis products and brands, today announced that it will host its 2022 year-end earnings call via webcast at 8:00 a.m. ET on Monday, April 3, 2023. During the webcast, Flora management will deliver financial and operational results for the year ended Dec. 31, 2022, […]
InvestorNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Enters National Distribution Agreement with Colombia’s Largest Coffeehouse Chain
February 21, 2023
Flora Growth (NASDAQ: FLGC), a leading outdoor grower, manufacturer and distributor of cannabis products and brands worldwide, has inked a deal to begun distributing its House of Brands product line through Procafecol S.A., the parent company of the Juan Valdez coffeehouse chain, one of the most well-known Columbian coffee brands. According to the agreement, Flora […]
InvestorNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Issues 2023 Forecasted Revenue Anticipating >100% YOY Growth
January 30, 2023
Flora (NASDAQ: FLGC), a leading all-outdoor cultivator, manufacturer and distributor of global cannabis products and brands, today announced revenue guidance of US$90 million to US$105 million for fiscal year 2023. Flora’s 2023 revenue guidance reflects expected organic growth in its House of Brands division and expansion of its Commercial & Wholesale division capabilities. In addition, […]
InvestorNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Announces Year-End Webcast Review
January 26, 2023
Flora Growth (NASDAQ: FLGC), a leading outdoor grower, manufacturer and distributor of cannabis products and brands worldwide, has scheduled a webcast to provide an overview of the company’s operational milestones achieved in 2022. The year-end review is slated for Jan. 30, 2023, and will begin at 4:30 p.m. ET. The webinar, which will be prerecorded, […]
InvestorNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Working Toward Global Leadership in CBD Space
January 24, 2023
Flora (NASDAQ: FLGC) has transitioned from the development stage to a full-scale international distributor with operations in over 12 countries worldwide, achieved under Luis Merchan’s tenure as CEO. “Merchan has also spearheaded several mergers and acquisitions, most notably JustCBD and Vessel Brand, which have since set the company up for rapid growth. Flora also secured […]
InvestorNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Leveraging Colombia, US Facilities to Distinguish Itself Within Highly Competitive Space
January 9, 2023
Flora Growth Corp. (NASDAQ: FLGC), a cannabis cultivator and global distributor, is a rapidly growing house of brands building customer bases and distribution channels across international lines as it aims to distinguish itself within a highly competitive arena. “Much of Flora Growth’s strength lies in its licensed cultivation, extraction and isolation facility located in northern […]
Flora Growth Corp. (NASDAQ: FLGC) Acquisition of Franchise Global Health Completed, Rapid Jump in Potential for European Cannabis Sales
January 6, 2023
Cannabis cultivator and global distributor Flora Growth (NASDAQ: FLGC) is entering the new year with its latest acquisition completed, opening the way for accelerated expansion into Europe’s marketplace. Franchise Global Health Inc. (TSX.V: FGH) announced Dec. 23 that it had completed arrangements for Flora Growth to acquire its issued and outstanding shares, and that the […]
InvestorNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Releases Status Update on Commercial Cannabis Export Business
January 5, 2023
Flora Growth (NASDAQ: FLGC), a leading all-outdoor cultivator and manufacturer of global cannabis products and brands, is reporting on its commercial cannabis operations out of Colombia. According to the status update, the company exported an estimated 1,000 kilograms of commercial cannabis dry flower and derivatives to Europe and the United States in the fourth quarter […]
M&A Activity Keeps Flora Growth Corp. (NASDAQ: FLGC) Revenues Strong Amid Expected Rebound in Cannabis Industry
December 28, 2022
In spite of outside pressures on the cannabis sector, some analysts are predicting a reversal in the trend during the coming months (https://ibn.fm/NDYRj), and the most resourceful companies are continuing to build income channels amid the slowdown. International cannabis cultivator, Flora Growth (NASDAQ: FLGC) has boosted its YOY revenues more than five fold since Q3 […]
InvestorNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Closes on Acquisition of Multinational Medical Cannabis Operator
December 27, 2022
Flora Growth (NASDAQ: FLGC), a leading all-outdoor cultivator and manufacturer of global cannabis products and brands, has completed a “plan of arrangement,” or acquisition, of Franchise Global Health Inc. (TSX.V: FGH), a multinational operator in the medical cannabis and pharmaceutical industry with principal operations in Germany. Shareholders of Global Health Inc. approved the plan, which […]
Luis Merchan, Helping Flora Growth Corp. (NASDAQ: FLGC) Become Global Leader in the CBD Space
December 22, 2022
In July 2020, Flora Growth (NASDAQ: FLGC), a cannabis cultivator, brand manufacturer, and global distributor, appointed Luis Merchan as the President of Consumer Goods. Mr. Merchan would lead the company’s CBD portfolio, eventually launching four unique brands in the United States and facilitating the growth of the company’s operating divisions (https://ibn.fm/g5z3H). His performance would influence […]
Cannabis Products Continue to Flourish, Showcasing Potential of Cultivator Flora Growth Corp.’s (NASDAQ: FLGC) Growing International House of Brands
December 20, 2022
Legal cannabis has become the the sixth-largest cash crop in the United States after corn, soybeans, hay, wheat and cotton (https://ibn.fm/64tSI), and voters continue to address the potentials of an expanding market for recreational marijuana (https://ibn.fm/1Z86I). Non-recreational medicinal cannabis has been legalized in 37 states and continues to fuel a multi-billion dollar industry (https://ibn.fm/E1Qcb), which […]
InvestorNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Announces $5M Registered Direct Offering
December 9, 2022
Flora (NASDAQ: FLGC), a leading all-outdoor cultivator, manufacturer and distributor of global cannabis products and brands, today announced its entry into securities agreements with institutional investors for the purchase and sale of 12,500,000 of the company’s common shares, pursuant to a registered direct offering, and warrants to purchase up to 12,500,000 common shares. According to […]
InvestorNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Announces Q3 2022 Financial Results
November 28, 2022
Flora (NASDAQ: FLGC), a leading all-outdoor cultivator, manufacturer and distributor of global cannabis products and brands, released its financial and operating results for the third quarter and nine months ended Sept. 30, 2022. Among the highlights, the company reported 414% year-over-year and 510% year-over-year increases in revenue for the three-month period and nine-month period ended […]
InvestorNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Schedules Q3 2022 Earnings Call
November 21, 2022
Flora (NASDAQ: FLGC), a leading all-outdoor cultivator, manufacturer and distributor of global cannabis products and brands, today announced that it will host its third quarter 2022 earnings call via webcast at 4:30 p.m. ET on Monday, Nov. 28. During the webcast, Flora management will deliver financial and operational results for the third quarter ended Sept. […]
InvestorNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Marks Key Step in Progress Toward Commercializing Medicinal Cannabis
November 16, 2022
Flora (NASDAQ: FLGC), a leading all-outdoor cultivator, manufacturer and distributor of global cannabis products and brands, today announced the completion of its new laboratory located in Bogota, Colombia. Specializing in the manufacturing of compound formulations utilizing cannabis derivatives and traditional master formulas, Flora Lab 4 will become part of Flora’s group of laboratories. These include […]
InvestorNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Partners with 357 Company to Launch Cannabis Division
November 14, 2022
Flora Growth (NASDAQ: FLGC), a leading all-outdoor cultivator and manufacturer of global cannabis products and brands, is working with the 357 Company to launch 357’s Canna Logistics division. The new division is an expansion beyond 357’s Hemp Logistics segment, which ships federally legal hemp within the United States. According to the announcement, the new division […]
InvestorNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Reports Majority of Franchise Global Health (TSX.V: FGH) Shareholders Approve Acquisition
November 10, 2022
Flora Growth (NASDAQ: FLGC), a leading all-outdoor cultivator and manufacturer of global cannabis products and brands, is one step closer to completing its previously announced acquisition of Franchise Global Health (TSX.V: FGH). FLGC announced that holders of more than 73% of the outstanding shares of FGH have agreed to vote their shares in favor of […]
Flora Growth Corp. (NASDAQ: FLGC) Defines Path to Profitability and Portfolio Expansion with Proposed Franchise Global Health Inc. Acquisition
November 9, 2022
Flora Growth signed a definitive agreement with FGH to acquire 100% of all issued and outstanding shares by way of a statutory plan of agreement The deal is expected to close in December following the presentation of the agreement to shareholders; the acquisition will open Flora to the German and EU medical markets, increasing the […]
Flora Growth Corp. (NASDAQ: FLGC) Agreement to Acquire Multi-national Cannabis Operator Positions Company for New Strategic Growth in Europe
November 7, 2022
Flora Growth is a cannabis cultivator and international brand developer with a strong base of operations at its licensed facility in northern Colombia Flora recently announced its plans to acquire multi-national operator Franchise Global Health (“FGH”), the latest of its strategic acquisitions designed to boost revenues and expand Flora’s international footprint FGH is focused on […]
InvestorNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Increasing Access to Safe, Legal CBD and THC to Global Consumers
November 4, 2022
Flora Growth Corp. (NASDAQ: FLGC) is a cannabis cultivator, brand manufacturer and global distributor. “The Canadian company with a productive base of operations in Colombia’s fertile greenbelt is licensed to cultivate cannabis on a 100-hectare (about 247-acre) farming facility and then deliver its product to its GMP-certified processing facility in the nation’s capital, where beauty, […]
Cannabis Regulation in the Spotlight During Midterm Elections at the Heels of Presidential Pardon; Flora Growth Corp. (NASDAQ: FLGC) Leveraging Colombian Stance to Manufacture Products at Lower Costs
November 3, 2022
President Biden issued a pardon for federally incarcerated inmates with minor marijuana possession charges, urging governors to do the same at the state level The President also requested a reclassification of cannabis, as it is currently listed above other drugs which are key factors in the overdose epidemic Flora Growth, through its Colombian cultivation, is […]
Flora Growth Corp. (NASDAQ: FLGC) Focusing on Execution and Brand Integration Following Successful Period of Strategic Investment
November 1, 2022
Flora Growth recently participated in an earnings call in which the management team discussed the company’s financials as well as its growth strategy and outlook for the remainder of fiscal 2022 as well as 2023 The company noted it had exited a period of investment and is now focusing on execution The period of investment […]
InvestorNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Announces Webcast to Discuss M&A, International Markets
October 25, 2022
Flora Growth (NASDAQ: FLGC), a leading all-outdoor cultivator and manufacturer of global cannabis products and brands, has scheduled an analyst call for Oct. 26, 2022, at 2 p.m. EST. According to the announcement, the call will focus on the company’s recent M&A activity as well as growth opportunities in the international space. Leadership from Flora […]
InvestorNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Enters into Acquisition Agreement with German-Based Pharmaceutical, Medical Cannabis Distributor
October 24, 2022
Flora Growth (NASDAQ: FLGC), a leading all-outdoor cultivator and manufacturer of global cannabis products and brands, has inked a definitive agreement with Franchise Global Health Inc. (TSX.V: FGH), a multinational operator in the medical cannabis and pharmaceutical industry. The agreement outlines Flora Growth’s plans to acquire 100% of Franchise Global Health, which has principal operations in […]