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

August 20, 2021 08:00:39
  • Flora Growth Corp. is a global cannabis production and distribution company that has created a premium house of brands which supplying its cannabis products for cosmetics, pharmaceuticals, natural wellness, hemp textiles, and food and beverages, with 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 (NASDAQ: FLGC) 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… Read More>> NOTE TO INVESTORS: The latest news and updates relating to FLGC are available in the company’s newsroom at https://cnw.fm/FLGC About CannabisNewsWire CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge. To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only) For more information please visit https://www.CannabisNewsWire.com Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer Do you have questions or are you interested in working with CNW? Ask our Editor CannabisNewsWire (CNW) Denver, Colorado www.CannabisNewsWire.com 303.498.7722 Office Editor@CannabisNewsWire.com CannabisNewsWire is part of the InvestorBrandNetwork.