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Flora Growth Corp. (NASDAQ: FLGC) Spreads Word About Its Cannabis Operations, Announces LOI To Acquire Luxury Accessories Company Vessel Brand

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  • Flora Growth Corp. (NASDAQ: FLGC) is a global cannabis production and distribution company that has created a premium house of brands that supplying its cannabis products for cosmetics, pharmaceuticals, natural wellness, hemp textiles, and food and beverages, with a high-quality product at below-standard costs

  • Flora Growth’s primary regulatory licensed operations are in Colombia, where the country’s government recently pursued a new openness in cannabis exports and domestic regulation by lifting bans on the sale and export of dried flower and cannabinoid ingestible products, permitting the sale of custom formulas for medical cannabis, and loosened marketing restrictions

  • Flora Growth has been actively involved in M&A activity, the latest being an announced LOI to acquire 100 percent of luxury cannabis accessories producer Vessel Brand

  • The company held an earnings call with investors on August 19 to discuss its first-half financial results, provide operational updates, and M&A initiatives

  • Flora Growth participated the same day in the SNN Network Summer Virtual Event, presenting information on the company’s activities to a variety of global investors

Global cannabis cultivator and product distributor Flora Growth is increasing awareness of its position within the international marketplace as well as recent agreements expected to boost its revenues. The company presented information about its operations to investors during the SNN Network Summer Virtual Event on August 19, followed by an earnings call for the first half of the 2021 fiscal year held the same day.

Flora Growth is an internationally focused cannabis consumer packaged goods company that is headquartered in Canada, planning to move its offices to Miami, Florida in the United States at the beginning of...

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