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 costs, divest unprofitable operations and focus on growing segments have begun to pay off. For the first time in the company’s history, Flora delivered a profitable, EBITDA-positive and operating cashflow-positive quarter. Further, Flora has a liquidity position that includes cash of $4.8 million and net working capital of $7.3 million,” Flora’s CEO Clifford Starke said of the results. “The business transformation has been productive, and we have achieved our short-term goals. Now we will focus on execution and growing the businesses for scale and profitability.”
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About Flora Growth Corp.
Flora is a global consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000+ points of distribution around the world. For more information on Flora, visit www.FloraGrowth.com.
NOTE TO INVESTORS: The latest news and updates relating to FLGC are available in the company’s newsroom at https://ibn.fm/FLGC
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