Flora Growth is a cannabis company that uses natural and affordable cultivation practices to supply cannabis derivatives to different businesses like cosmetics, hemp textiles, foods and beverages, etc. The company aims to meet the expectations of its customers located worldwide. They develop products that have a positive impact on the health and wellness of people. Be it pharmaceutical or consumer products, Flora Growth helps people in restoring their health to good condition. The company has one of the largest cannabis cultivation facilities outdoors.
Flora Growth has closed an equity investment of two million Euros in the European cannabis company Hoshi International Inc. They acquired Vessel Brand and proved that they would remain strong in this market. Lamborghini is also teaming up with this company. They will make and distribute branded cannabis beverages across Canada and North America sporting the Tonino Lamborghini brand.
Columbia produces the largest number of Cannabis flowers in the world. Flora Growth, therefore, can produce the flower at a lower cost than the other companies. The packaging transportation cost is lower than that of the other growers. Earlier, Columbia was infamous for the illicit drug trade. But after the signing of the 1787 bill into law five years ago, cannabis is cultivated for medicinal usage. And Columbia has become a big role in shaping the future of Flora Growth in the cannabis market.
Floral Growth’s projected revenue for 2022 is around $35 to 45 million. It is higher than their revenue projections in the year 2021. The company has also secured $34.5 million in finance.
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About Flora Growth:
Flora Growth is a cannabis company that uses natural and affordable cultivation practices to supply cannabis derivatives to different businesses like cosmetics, hemp textiles, foods and beverages, etc. The company has one of the largest cannabis cultivation facilities outdoors.
For more details on Flora Growth, visit: https://floragrowth.com/
Email: info@FloraGrowth.ca
Disclaimer: The products mentioned are THC-free and/or compliant with the 2018 Farm Bill. This article is purely for informational purposes and is not a recommendation in any way to buy or sell stocks.
Media Contact
Company Name: Flora Growth
Contact Person: Investor Relations
Email: Send Email
Country: Canada
Website: floragrowth.com
