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Flora Growth Corp.

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InMed Pharmaceuticals Inc. (NASDAQ: FLGC) is building a design-led collective of plant-based wellness and lifestyle brands that delivers the most compelling customer experiences in the world, one community at a time.

The company operates one of the largest outdoor cultivation facilities in the world with an aim of marketing a higher-quality premium product at below-market prices. By prioritizing natural ingredients and value-chain sustainability across its portfolio, the company leverages natural, cost-effective cultivation practices to supply cannabis and cannabis derivatives to wholesale buyers and its diverse business divisions.

Founded in Canada, Flora moved its headquarters to Miami in late 2021 as the company expanded its reach across the globe. Its base of cultivation operations are in Colombia, where it has built an extensive distribution network that includes Colombia’s largest distributors, while the recently acquired Vessel Brand team is based in Carlsbad, California.

Currently, Flora is organically growing market share across its three major pillars – wholesale cannabis, CPG cannabis brands, and pharmaceutical cannabis – while seeking revenue-generating acquisitions that offer human-capital expertise and an accretive distribution network to amplify revenue growth.

Investment Considerations

  • Flora Growth operates one of the largest outdoor cannabis cultivation facilities in the world with an aim of marketing a higher-quality premium product at below-market prices.
  • Flora moved its headquarters to Miami in late 2021.
  • Flora is organically growing market share across its three major pillars – wholesale cannabis, CPG cannabis brands, and pharmaceutical cannabis.
  • In November 2021, the company entered the rapidly growing U.S. CBD beverage market by signing a licensing agreement with luxury brand Tonino Lamborghini.
  • Flora recently acquired Vessel Brand Inc., the dominant brand in luxury cannabis consumer technology.
  • The company closed out 2021 by announcing a 2022 revenue guidance projection of $35-45 million.
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Recent Coverage

InvestorNewsBreaks - Flora Growth Corp. (NASDAQ: FLGC) Announces $5M Registered Direct Offering

Flora (NASDAQ: FLGC), a leading all-outdoor cultivator, manufacturer and distributor of global cannabis products and brands, today announced its entry into securities agreements with institutional investors for the purchase and sale of 12,500,000 of the company’s common shares, pursuant to a registered direct offering, and warrants to purchase up to 12,500,000 common shares. According to the update, the combined purchase price for one common share and one warrant will be $0.40. Aggregate proceeds from the offering will be approximately $5.0 million, from which the company expects to use net proceeds for capital expenditures, to increase operating capacity, as well as for working capital and other general corporate purposes. Subject to the satisfaction of customary conditions, the offering is expected to close on or about Dec. 13, 2022. A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering.

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Featured Event

The Lift & Co. Expo
January 12-14, 2023 - Vancouver, BC

The Lift & Co. Expo invites businesses, growers, patients, and leaders of the cannabis community to its Lift& Co. Expo Vancouver on January 12-14, 2023. The Canadian community participates in the Lift& Co Expo in growing numbers as the event offers immense networking opportunities and valuable education on the latest topics that buzz in the cannabis industry.

Thought leaders and industry veterans will preside as speakers offering insights about important industry trends and technology, and introducing the latest businesses and products. Capital investors can explore the potential of new products to establish a hold over the cannabis market before other vendors do.

The Cannabis Business Conference will be attended by cannabis dignitaries who will discuss a range of important topics, and offer presentations on the latest issues and trends in Canada’s cannabis industry.

Connect with the industry leaders, experts, innovators, regulators, and enthusiasts of the cannabis business community at North America’s leading cannabis conference and trade show in Vancouver.

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Conference Highlights

  • The Canadian cannabis community and enthusiasts worldwide are invited to attend its Lift& Co. Expo Vancouver on January 12-14, 2023
  • The Lift Business Conference is an additional part of the 3-day Lift & Co. Expo 2022 that is being held at the Vancouver Convention Centre
  • Exhibitors will showcase unique cannabis products and ideas at their booths where investors can discover potential investment ideas
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