- Luis Merchan, Flora Growth’s CEO, will serve as the new Chairman of the Board
- Tim Leslie, the Chairman of the company’s Advisory Board, will serve on its Board and audit committee
- Flora Growth’s management is confident that these changes will position it as a U.S-based issuer while increasing its access to U.S-based investment
Since the beginning of 2022, Flora Growth (NASDAQ: FLGC) has been making strategic moves that strengthen its human resources and reinforce its executive team.
The company kicked off the year with the appointment of Tim Leslie as the Chairman of its newly formed Advisory Board (https://ibn.fm/dL9mm). Later, Flora Growth appointed Derek Pedro, a world-renowned cannabis genetics and cultivation expert, as an advisor to its Cosechemos cultivation facility (https://ibn.fm/KVBfP).
Two more appointments were made after that, starting with Joël Reyes as Senior Vice President (“SVP”) of Global Operations and Jessie Casner as the company’s new Chief Marketing Officer (“CMO”) (https://ibn.fm/QonRU).
In a move that sought to take the company even further, on March 17, 2022, Flora Growth announced changes to its Board of Directors. Tim Leslie, the Chairman of the Advisory Board, was added to the Board of Directors (“the Board”) and audit committee. In addition, Luis Merchan, Flora Growth’s Chief Executive Officer (“CEO”), took over from Bernie Wilson as the Chairman of the Board. Mr. Wilson will remain in an advisory capacity for the remainder of the year and will be integral in providing strategic guidance on capital markets and international expansion (https://ibn.fm/h8rum).
“I am honored that our Board has entrusted me with this role, and I believe it is a testament to what we have built together thus far,” noted Luis Merchan.
“Our Board has been incredibly supportive to date while always ensuring business decisions are in the best interest of our shareholders- and I am looking forward to continuing to work closely with them in this role,” he added.
Luis Merchan has been instrumental in expanding Flora Growth’s reach within the United States and abroad. He has moved the company from the development stage to a full-scale international distributor with operations in over 12 countries worldwide. In addition, under his leadership, Flora Growth has completed several mergers and acquisitions (“M&As”), all of which have set the company up for rapid growth.
The company will continue to benefit from Mr. Leslie’s insights and guidance as it advances its rapid global expansion. He has vast experience in the industry, including two decades at Amazon, which will be instrumental for Flora Growth’s expansion going forward.
Flora Growth is confident that its Board’s changes will further position it as a U.S-based issuer. It is also optimistic that the move will increase its access to U.S-based investment.
For more information, visit the company’s website at 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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