Flora Growth Corp

Flora Growth Corp. engages in the production of organic cannabis and pharmaceutical-grade medical products. It operates through the following segments: Cultivation, Processing, and Supplying of Natural, Medicinal-Grade Cannabis Oil and High Quality Cannabis; Over-the-Counter Medical Products and Medical Cannabis Products; Wellbeing Products; and Food and Beverage Products. The company was founded on March 13, 2019 and is headquartered in Toronto, Canada.

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Flora Growth Corp. engages in the production of organic cannabis and pharmaceutical-grade medical products. It operates through the following segments: Cultivation, Processing, and Supplying of Natural, Medicinal-Grade Cannabis Oil and High Quality Cannabis, Over-the-Counter Medical Products and Medical Cannabis Products, Wellbeing Products, and Food and Beverage Products. The company was founded on March 13, 2019 and is headquartered in Fort Lauderdale, FL.

Canopy Growth

As April 2024 approaches, investors watch the marijuana stock market for potential momentum. The cannabis industry, especially in the U.S., has seen significant growth, driven by legislative advancements and changing public perceptions. This growth trajectory suggests a promising future for the sector, making it an area of interest for both seasoned and novice investors. Companies like Canopy Growth and Aurora Cannabis are among the top stocks to watch as they expand their global footprint. Furthermore, U.S.-based firms are gaining traction thanks to state-level legalization and the potential for federal reforms. These developments create a dynamic market landscape with opportunities for those closely monitoring industry trends and company performances.

April 2024's Green Giants: Leading Stocks in the Cannabis Sector

Fort Lauderdale, Florida--(Newsfile Corp. - March 28, 2024) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a cannabis focused consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000+ points of distribution around the world, is pleased to announce the signing of an exclusive distribution agreement with Althea Group Holdings Limited ("AGH") for Vessel brands in the United Kingdom ("UK"). Vessel is a wholly owned subsidiary of the Company and a market leading brand of vape pens and smoking accessories.

Flora Growth to Partner with Althea Group Holdings on Vessel Distribution in UK

Fort Lauderdale, Florida--(Newsfile Corp. - March 25, 2024) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a cannabis focused consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000+ points of distribution around the world, plans to launch a cannabis home grow kit, start up material seeds and cuttings in Germany in response to the first phase of Germany's new recreational cannabis legalization law. The German legal cannabis recreation market has the potential to reach $4.2 billion upon legalization with the total European market forecasted to achieve revenues of $10.2 billion.

Flora Growth Plans to Expand Leading Global Genetics Business in Germany

Fort Lauderdale, Florida--(Newsfile Corp. - March 22, 2024) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a cannabis focused consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000+ points of distribution around the world, commends Germany's upper house lawmakers for passing the recreational cannabis legalization bill, after it was approved by the lower house last month. The law is now expected to come into effect on April 1, 2024.

Flora Growth Corp. Provides Update on Germany's Cannabis Legalization

As we step into March 2024, the landscape of the U.S. cannabis industry continues to evolve, presenting intriguing opportunities for investors. With states progressively legalizing marijuana for medical and recreational use, the sector is on the brink of significant growth. This burgeoning market is not just about the plant itself but encompasses a range of businesses. These include cultivation, distribution, retail, and technology. Investors are keenly watching top U.S. marijuana stocks. They are looking for those positioned to capitalize on this expansion. The promise of the U.S. cannabis industry, with its anticipated upward trajectory, has caught the eye of many. Analysts predict robust future growth driven by ongoing legalization efforts and increasing societal acceptance.

Cultivating Growth: Top U.S. Marijuana Stocks for March 2024

Fort Lauderdale, Florida--(Newsfile Corp. - February 26, 2024) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a cannabis focused consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000+ points of distribution around the world, applauds the German parliament for voting in favor of legalizing cannabis for recreation use. Flora's wholly-owned subsidiaries have been active in Germany since 2017, obtained the first medical cannabis license in Germany and are responsible for selling the first gram of medical cannabis in the country.

Flora Growth Corp. Applauds Germany's Vote to Legalize Recreational Cannabis

Silver Spike Investment Corp

Tilray Brands

Are you on the hunt for some undervalued cannabis stocks? The government's potential rescheduling of cannabis from Schedule I to Schedule III (or perhaps even descheduling) has been one of the most anticipated catalysts of the cannabis market.

The 3 Most Undervalued Cannabis Stocks to Buy in February 2024

Fort Lauderdale, Florida--(Newsfile Corp. - January 22, 2024) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000+ points of distribution around the world, is pleased to announce that Clifford Starke, the Company's Chief Executive Officer and Director, has been elected as Chairman of the U.S. Hemp Roundtable Board of Directors. "Given the current political environment, momentum is swinging in the right direction.

Flora Growth Corp. To Chair U.S. Hemp Roundtable Board of Directors

Curaleaf Holdings, Inc.

So far marijuana stocks have slowly been having more market momentum. Much of this can be due to several factors that may continue to help. With the 2024 year just starting the anticipation of what's to come could be a reason. Sometimes when there is reason to believe something will help the sector trade people begin to buy and sell more. When people begin to buy and sell are a more consistent pace especially buying it drives the stock price up.

Cannabis Investing: Top Marijuana Stocks To Watch Today

Flora Growth (NASDAQ: FLGC ) stock is on the rise Thursday after the cannabis company announced Restricted Stock Awards (RSAs) for several of its leaders. The company distributed 726,241 RSAs to its leaders as part of its 2022 Equity Compensation Plan.

Why Is Flora Growth (FLGC) Stock Up 7% Today?

Fort Lauderdale, Florida--(Newsfile Corp. - November 8, 2023) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000+ points of distribution around the world, reported today its financial and operating results for the three and nine months ended September 30, 2023. All financial information is provided in U.S. dollars unless indicated otherwise.

Flora Growth Corp. Reports Record Q3 2023 with Net Income of $1.1 Million and EBITDA of $0.9 Million

Fort Lauderdale, Florida--(Newsfile Corp. - October 16, 2023) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a global consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000+ points of distribution, has announced that Juan Carlos Roa Gomez resigned from his role as Director. About Flora Growth Corp. Flora Growth Corp. is a global consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000+ points of distribution.

Flora Growth Corp. Announces Resignation of Director

Fort Lauderdale, Florida--(Newsfile Corp. - October 2, 2023) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a global consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000+ points of distribution, has announced that Hussein Rakine resigned from his role as Director, but will continue as serve as a Special Advisor to the Company. "I would like to thank Mr.

Flora Growth Corp. Announces Transition of Hussein Rakine from Director to Special Advisor

Grana y Montero

It is possible that in Q3 of 2023, marijuana stocks begin to see better trading momentum. Now this can be due to several reasons but overall the cannabis industry is still evolving. What this means is that new things are happening that create a way for the sector to see better trading. For instance, legislators are working to pass better and more efficient reform.

Top Marijuana Stocks To Buy And Hold The Rest Of 2023

Fort Lauderdale, Florida--(Newsfile Corp. - September 19, 2023) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a global consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000+ points of distribution, announced today that it has entered into securities purchase agreements with institutional investors for the purchase and sale of 1,369,000 of the Company's common shares, no par value (the "Common Shares"), pursuant to a registered direct offering, and warrants to purchase up to 1,369,000 Common Shares (the "Warrants") in a concurrent private placement (together with the registered direct offering, the "Offering"). The combined purchase price for one Common Share and one Warrant will be $2.00.

Flora Growth Corp. Announces Pricing of $2.7 Million Registered Direct Offering and Concurrent Private Placement

Fort Lauderdale, Florida--(Newsfile Corp. - September 18, 2023) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a global consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000+ points of distribution, has entered into a definitive agreement (the "Agreement") to acquire Australian Vaporizers Pty Limited ("Australian Vaporizers") to acquire all of the issued and outstanding shares of Australian Vaporizers in exchange for 600,676 Flora common shares, valued at $1.7 million based on the closing price of Flora's common shares on September 15, 2023, subject to working capital adjustments. The transaction is expected to close in the fourth quarter of 2023.

Flora Growth Corp. to Acquire Australian Vaporizers; Expects Immediate Profit Contribution

WM Technology

Neptune Wellness Solutions Inc.

Welcome to the intriguing world of marijuana stocks, where we will look at the top prospects for the next week in August 2023. These emerging opportunities in the cannabis sector have caught the interest of investors looking for potential profits. By harnessing the power of technical indicators, astute traders can navigate the volatility of these stocks and uncover promising short-term trading possibilities.

Late August Green: Top Penny Stocks for the Last Week of August

As we enter the third week of August, investors interested in investigating the dynamic world of marijuana stocks will discover some exciting options. While established cannabis conglomerates continue to dominate the US cannabis industry, the penny stock sector is causing a stir. With the potential for large gains, these smaller players necessitate careful evaluation and risk management. Traders should brace themselves for wild volatility as well as potential losses.

Marijuana Penny Stocks on the Radar

Fort Lauderdale, Florida--(Newsfile Corp. - August 17, 2023) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a global consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000+ points of distribution, has entered a partnership with TruHC Pharma GmbH ("TruHC"), a medical cannabis expert based in Hamburg, Germany. TruHC holds an EU-GDP certification as an importer, distributor and manufacturer of medical cannabis, and operates a production facility with a cutting-edge cannabis laboratory for which an EU-GMP license is expected by the end of September.

Flora Growth Corp. and TruHC Pharma GmbH Establish Strategic Partnership to Grow Market Share in Germany

Flora Growth Corp. (NASDAQ:FLGC ) Q2 2023 Earnings Conference Call August 15, 2023 9:00 AM ET Company Participants Dany Vaiman – Chief Financial Officer Clifford Starke – Chief Executive Officer Conference Call Participants Operator Thank you for standing by. This is the conference operator.

Flora Growth Corp. (FLGC) Q2 2023 Earnings Call Transcript

Fort Lauderdale, Florida--(Newsfile Corp. - August 10, 2023) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000+ points of distribution around the world, reported today its financial and operating results for the three and six months ended June 30, 2023. All financial information is provided in U.S. dollars unless indicated otherwise.

Flora Growth Corp. Reports Second Quarter 2023 Financial Results

Fort Lauderdale, Florida and Toronto, Ontario--(Newsfile Corp. - July 25, 2023) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a consumer-packaged goods leader serving all 50 states with 15,000+ points of distribution around the world and a pharmaceutical distributor in 28 countries, today provided an update with respect to the purchase and sale agreement for the sale of its Colombian related subsidiaries and assets to a private company in consideration for C$0.8 million, entered into on July 5, 2023. The sale relates to all of Flora's operations in Colombia, including its interest in (i) its 361-acre Cosechemos farm located in Giron, Colombia and its related processing facilities and inventory and (ii) all other assets relating to Flora Lab 2, Flora Lab 4 and Flora's Colombian food and beverage and consumer products business (collectively, the "Colombian Assets").

Flora Growth Corp. Announces Update on Sale of Colombian Assets; Expects Asset Sale to Contribute to Anticipated Annual Savings of US$6.1 million

As the cannabis industry and top marijuana stocks continue to rise, 2023 is an excellent opportunity for investors and traders to enter the thriving world of cannabis companies. With new markets opening up, regulatory environments changing, and consumer demand increasing, the prospect of short-term rewards is enticing. However, trading well in this volatile sector necessitates a cautious approach, including utilizing technical indicators, applying appropriate risk management, and completing extensive research on industry catalysts.

Blazing Opportunities: Top Marijuana Stocks To Watch On End Of July

Fort Lauderdale, Florida--(Newsfile Corp. - June 27, 2023) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a consumer-packaged goods leader serving all 50 states with 15,000+ points of distribution around the world and a pharmaceutical distributor in 28 countries, announced today that Clifford Starke has been appointed as Chief Executive Officer to lead its global operations and Dany Vaiman has been appointed as Chief Financial Officer. Mr. Starke, who previously served as President of the Company, takes over for Hussein Rakine, who resigned as CEO but will remain on the Company's Board of Directors.

Flora Growth Corp. Appoints Clifford Starke as Chief Executive Officer and Dany Vaiman as Chief Financial Officer; Regains Compliance with NASDAQ Minimum Bid Requirement

FORT LAUDERDALE, Fla. & TORONTO--(BUSINESS WIRE)--Flora Growth Corp. (NASDAQ: FLGC) (“Flora” or the “Company”), a global cultivator, manufacturer, and distributor of cannabis products and brands, announces that it will effect a reverse stock split, which shall become effective on June 9, 2023 at a ratio of 1-for-20 (the “Reverse Stock Split”). The Company has provided The Nasdaq Stock Market with the appropriate notice and the Company expects that its common shares will commence trading on a po.

News for Flora Growth Corp Stock (FLGC)