• Flora Growth’s two late 2021 acquisitions added an estimated $35 million in revenue and $7 million in EBITDA
• Its acquisition of Vessel Brand Inc. is projected to bring $35-$45 million in revenue for the 2022 calendar year
• With these acquisitions, the company, an internationally focused cannabis brand builder with a global distribution platform, stamps its position as an undisputed market and M&A leader

In 2021, Flora Growth (NASDAQ: FLGC) completed its Initial Public Offering (“IPO”) and closed the acquisition of Vessel Brand Inc., a direct-to-consumer (“DTC”) business. The company also formed a joint venture to see the KaLaya brand’s distribution in Latin America (https://ibn.fm/scEDT).

So far, the company’s portfolio spans a range of verticals and diverse revenue streams that meet the needs of over 500,000 customers. The brands under its umbrella include Mind Naturals skincare, Vessel Brand Inc. and Stardog Loungewear. Flora Growth prides itself in having brands that prioritize natural ingredients and value-chain sustainability to help consumers restore and thrive.

Its portfolio has grown mainly through mergers and acquisitions (“M&As”), a move that defined its 2021 calendar year. Over the entire year, for all sectors and industries, worldwide M&A activity reached $5.9 trillion, representing a 64% growth from 2020 and the highest volume since 1980. In total, there were over 63,000 M&A transactions completed, all in a bid for companies to leverage new avenues for growth amid the pandemic, rising inflation and disrupted supply chains (https://ibn.fm/scEDT).

Flora Growth capitalized on this and, with two recent acquisitions, was able to add an estimated $35 million in revenues and $7 million EBITDA. For comparison, back in 2020, the company’s acquisitions generated $28 million in revenue and $7 million in EBITDA (https://ibn.fm/scEDT).

Flora Growth has also raised about $35 million in capital and added several key executives, positioning itself for upcoming growth. It is projected that the overall global momentum for M&A activity will continue through the 2022 calendar year, and Flora Growth will be at the forefront of it all. Its selection of companies to merge with or acquire provides a good example of what companies need to consider in approaching M&As. According to the company’s projections, its recent acquisition of Vessel Brand Inc., completed in November 2021, will see $35-$45 million in revenue for the 2022 calendar year (https://ibn.fm/scEDT).

Flora Growth’s impressive performance over the years can be attributed to its strategic M&As. As it stands, its aggressive acquisition plan proves to be a sure way to create value for stakeholders and grow a company’s market share, reach, brand equity, and overall value.

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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