Flora Growth Corp's CEO Reveals Record-Breaking Financials and Exciting 2024 Plans [Yahoo! Finance]
Flora Growth Corp. (FLGC)
Company Research
Source: Yahoo! Finance
news about the company's remarkable financial performance and its strategic plans for the future. Flora Growth is a diversified company with three main pillars, and it recently reported its best-ever financial results. Starke highlighted Flora's three core pillars, Vessel which is a rapidly growing brand with widespread distribution, the CBD Gummy Division, and Fatima a pharmaceutical company based in South Germany. The company recently went under strategic restructuring, which included the sale of an unprofitable Colombian entity and streamlining its team, which led to a net income of $1.1 million in the last quarter. The success of the last quarter is attributed to these strategic decisions, setting the stage for a promising 2024. Looking ahead, Flora Growth plans to enter the rapidly growing US beverage market by launching a product called Mellow in Q1. Leveraging its strong distribution network, the company aims to capitalize on the untapped potential in the beverage segment
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FLGC
News
- Insiders Re-Evaluate Their US$1.0m Stock Purchase As Flora Growth Falls To US$22m [Yahoo! Finance]Yahoo! Finance
- Flora Growth enters into agreement to acquire TruHC [Seeking Alpha]Seeking Alpha
- Flora Growth Enters Distribution Agreement to Expand Presence in Poland and Neighbouring Countries [Yahoo! Finance]Yahoo! Finance
- Aegis Capital Corp. Acted as Sole Bookrunner on a $3.23 Million Underwritten Public Offering for Flora Growth Corp. (NASDAQ:FLGC) [Yahoo! Finance]Yahoo! Finance
- Aegis Capital Corp. Acted as Sole Bookrunner on a $3.23 Million Underwritten Public Offering for Flora Growth Corp. (NASDAQ:FLGC)Accesswire
FLGC
Sec Filings
- 4/26/24 - Form 424B5
- 4/23/24 - Form S-3
- 4/23/24 - Form 8-K
- FLGC's page on the SEC website