Clifford Starke, CEO of Flora Growth Corp., Appointed to HoshiCap Board of Directors
Fort Lauderdale, Florida--(Newsfile Corp. - September 17, 2024) - Flora Growth Corp. (NASDAQ: FLGC) (FSE: 7301) ("Flora" or the "Company") is pleased to announce the appointment of Clifford Starke, Chief Executive Officer, to the Board of Directors of HoshiCap, a subsidiary of Hoshi International ("Hoshi") which has a cannabis-cultivation facility in Portugal. Flora initially made an equity investment of $2.4 million into Hoshi in 2021, securing a 10% ownership in the company. Hoshi, in turn, controls 51% of the Portuguese...
2024-09-17 9:20 AM EDT
Flora Growth Corp. Appoints Harold Wolkin to Board of Directors; Clifford Starke Named Chairman
Fort Lauderdale, Florida--(Newsfile Corp. - September 12, 2024) - Flora Growth Corp. (NASDAQ: FLGC) (FSE: 7301) ("Flora" or the "Company") is pleased to announce the appointment of Harold Wolkin as an independent director on its Board of Directors. In this role, Mr. Wolkin will also serve as a member of each of the Company's committees, including as Chair of the Audit Committee. Mr. Wolkin brings over 30 years of progressive experience in the finance sector, having held significant roles in...
2024-09-12 9:20 AM EDT
Flora Growth Corp. Unveils New Branding, Logo, Website in Exciting Design Transformation
Fort Lauderdale, Florida--(Newsfile Corp. - September 10, 2024) - Flora Growth Corp. (NASDAQ: FLGC) (FSE: 7301) ("Flora" or the "Company") is proud to announce the launch of its new corporate branding, logo, website, marking an exciting step forward in the company's continued evolution and growth. The new branding initiative reflects the Company's commitment to innovation and its dedication to providing high-quality, premium products. The updated look and feel encapsulate the Company's vision of creating a global standard for consumer products...
2024-09-10 9:20 AM EDT
Flora Growth Announces Results of 2024 Annual and Special Meeting of Shareholders
Fort Lauderdale, Florida--(Newsfile Corp. - August 14, 2024) - Flora Growth Corp. (NASDAQ: FLGC) (FSE: 7301) ("Flora" or the "Company") held its 2024 Annual and Special Meeting of Shareholders (the "Annual Meeting"). The final voting results of the proposals submitted to a vote of the Company's shareholders at the Annual Meeting are as follows:Proposal 1: Election of four directors to the Board of Directors of the Company (the "Board") to hold office until the Company's 2025 Annual Meeting of Shareholders...
2024-08-14 4:01 PM EDT
Flora Growth Corp. Reports Second Quarter 2024 Financial Results
Fort Lauderdale, Florida--(Newsfile Corp. - August 12, 2024) - Flora Growth Corp. (NASDAQ: FLGC) (FSE: 7301) ("Flora" or the "Company") reported today its financial and operating results for the three and six months ended June 30, 2024. "In the second quarter of 2024, we at Flora, demonstrated an aptitude to make accretive acquisitions and form strategic partnerships to capitalize on the most robust market trends. In Germany, we acquired TruHC Pharma GmbH in response to the de-scheduling of cannabis, the...
2024-08-12 5:05 PM EDT
Flora Growth Celebrates National CBD Day
Fort Lauderdale, Florida--(Newsfile Corp. - August 8, 2024) - Flora Growth Corp. (NASDAQ: FLGC) (FSE: 7301) ("Flora" or the "Company") proudly celebrates National CBD Day, a day dedicated to recognizing the vast benefits and rapid growth of the CBD industry in the United States and beyond. National CBD Day not only celebrates the therapeutic benefits of cannabidiol ("CBD") but also serves as a reminder of the political strides made in recent years. Legislative bodies across various states have increasingly recognized...
2024-08-08 9:20 AM EDT
Flora Growth Announces Frankfurt Stock Exchange Listing
Fort Lauderdale, Florida--(Newsfile Corp. - August 7, 2024) - Flora Growth Corp. (NASDAQ: FLGC) (FSE: 7301) ("Flora" or the "Company") is pleased to announce that the Company's common shares now trade on the Frankfurt Stock Exchange ("FSE") under the symbol "7301". The Frankfurt Stock Exchange is one of the world's largest (behind only the Nasdaq and NYSE) organized exchange-trading market in terms of turnover and dealings with securities. The electronic trading platform of the FSE, XETRA, has made it...
2024-08-07 4:31 PM EDT
Flora Growth Announces Launch of New Calm and Sleep Gummies
Fort Lauderdale, Florida--(Newsfile Corp. - August 6, 2024) - Flora Growth Corp. (NASDAQ: FLGC) (FSE: 7301) ("Flora" or the "Company")'s JustCBD, a leading consumer products brand, is excited to introduce two new products to its line of offerings - JustCBD+ Calm Gaba & L-Theanine Mixed Berry Gummies and JustCBD+ Sleep Magnesium and Melatonin Raspberry Gummies. These innovative gummies are designed to support stress management and promote relaxation, as well as enhance sleep quality. The JustCBD+ Calm Gaba & L-Theanine...
2024-08-06 9:20 AM EDT
Flora Growth Corp. Closes Acquisition of Australian Vaporizers
Fort Lauderdale, Florida--(Newsfile Corp. - June 5, 2024) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company") has entered into a share purchase agreement (the "Agreement") to acquire of all of the issued and outstanding shares of Australian Vaporizers Pty Limited ("Australian Vaporizers") in exchange for 550,000 Flora common shares, valued at $0.7 million based on the closing price of Flora's common shares on June 3, 2024, subject to working capital adjustments. The transaction closed on June 4, 2024....
2024-06-05 9:20 AM EDT
Flora Growth Corp. Forms Joint Venture with Althea Group Holdings to Create Leading Beverages Brand in U.S. Market
Flora and Althea have established Peak USA JV LLC ("Peak USA") - a 50/50 joint venture aiming to capitalize on the beverages market. Each party to the joint venture contributed $250,000 of operating capital. Peak USA will link Flora's U.S.-based CPG team with Althea's Peak Processing Solutions ("Peak"), which is a recognized market leader in cannabis-infused beverages. Peak has a 40% market share in Canada. Peak USA will combine Flora's brand-launching expertise with Althea's processing experience to produce the next...
2024-06-04 9:20 AM EDT
Vessel Brand Unveils the Second-Generation Compass Rise - The Next Evolution in Functionality and Elegance
Fort Lauderdale, Florida--(Newsfile Corp. - May 30, 2024) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company")'s Vessel Brand ("Vessel"), renowned for its design and precision craftsmanship, proudly announces the release of Compass Rise. Built for the discerning connoisseur, Compass Rise embodies sophistication while delivering what consumers have come to expect from Vessel's products. From its sleek design, cutting-edge technology, and the ability to stay upright, every aspect of Compass Rise reflects Vessel's dedication to meeting changing market trends....
2024-05-30 9:20 AM EDT
Flora Growth Corp. Commends President Biden on Cannabis Rescheduling Move
Fort Lauderdale, Florida--(Newsfile Corp. - May 17, 2024) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a consumer-packaged goods leader and pharmaceutical distributor, commends President Joe Biden and his administration for moving to reschedule cannabis under U.S. federal law. "We are pleased with the continuous momentum in the U.S. around cannabis reform. We are excited about this proposed change and believe Americans could benefit tremendously," said Clifford Starke, Chief Executive Officer. "We are focused on building brands in...
2024-05-17 9:20 AM EDT
Flora Growth Corp. Joins U.S. Hemp Beverage Alliance
Fort Lauderdale, Florida--(Newsfile Corp. - May 16, 2024) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a consumer-packaged goods leader and pharmaceutical distributor, is pleased to announce that it has joined the Hemp Beverage Alliance. "At this moment, beverages represent only a marginal component of the industry. There is tremendous potential for explosive growth — one we intend to capitalize on. We are focusing our attention on the beverage category. Joining the Hemp Beverage Alliance is a natural...
2024-05-16 9:20 AM EDT
Flora Growth Corp. Reports First Quarter 2024 Financial Results
Fort Lauderdale, Florida--(Newsfile Corp. - May 14, 2024) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a consumer-packaged goods leader and pharmaceutical distributor, reported today its financial and operating results for the three months ended March 31, 2024. "2024 has been a catalyst-rich period for Flora. Legislators in the primary markets in which we operate, namely the U.S. and Germany, have demonstrated a willingness to advance a progressive cannabis agenda. In Germany, the de-scheduling of cannabis, the reforms...
2024-05-14 5:28 PM EDT
Flora Growth Corp. Applauds Reported Historic DEA Move to Reschedule Cannabis
Fort Lauderdale, Florida--(Newsfile Corp. - May 1, 2024) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a consumer-packaged goods leader and pharmaceutical distributor, is applauding the reported historic move by the U.S. Drug Enforcement Administration ("DEA") to reclassify cannabis from its list of Schedule I drugs to Schedule III, following a recommendation from the federal Health and Human Services Department ("HHS"). "This expected rescheduling would come shortly after Germany's legalization of recreational cannabis becoming effective earlier in April....
2024-05-01 9:15 AM EDT
Flora Growth Corp. Enters into Definitive Agreement to Acquire TruHC
Acquisition capitalizes on TruHC's strategically built German cannabis platform, including:EU-GMP processing and production licenseGDP wholesale license for import / exportEU-GMP certified customizable modules with flexibility to incorporate various production / packaging processes and which enable license extension for future in country cultivation and supply to cannabis dispensariesNarcotics license with EU-GMP certified storageEU-GMP certified laboratory for instant cannabis analysisTransaction combines Flora's extensive global CPG and pharmaceutical distribution network with TruHC's deep global cannabis expertise, including an executive team with extens
2024-04-16 9:20 AM EDT
Flora Growth Enters Distribution Agreement to Expand Presence in Poland and Neighbouring Countries
Fort Lauderdale, Florida--(Newsfile Corp. - April 11, 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 it has entered an exclusive distribution agreement with Me Raw Trade Ltd. ("Me Raw") to distribute both JustCBD and Vessel branded products in Poland. Me Raw is an independent private company focused on bringing novel...
2024-04-11 9:20 AM EDT
Flora Growth and IM Cannabis to Bring Vessel Products to the Israeli Market
Fort Lauderdale, Florida--(Newsfile Corp. - April 10, 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, has entered into a strategic distribution agreement with IM Cannabis Corp. ("IMC") for Vessel products in Israel. Vessel is a wholly owned subsidiary of the Company and a market leading brand of vape pens and smoking accessories.IMC's brands are well...
2024-04-10 9:05 AM EDT
Flora Growth Corp. Announces Closing of $3.2 Million Underwritten Public Offering of Common Shares
Fort Lauderdale, Florida--(Newsfile Corp. - April 8, 2024) - Flora Growth Corp. (NASDAQ: FLGC) (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, announced the closing of its underwritten public offering (the "Offering") of 1.7 million common shares (the "Common Shares") for aggregate gross proceeds of approximately $3.23 million, prior to deducting underwriting discounts and other offering expenses. The Company's Chief Executive Officer,...
2024-04-08 2:42 PM EDT
Flora Growth Corp. Announces Pricing of $3.2 Million Underwritten Public Offering of Common Shares
Fort Lauderdale, Florida--(Newsfile Corp. - April 4, 2024) - Flora Growth Corp. (NASDAQ: FLGC) (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, announced the pricing of its underwritten public offering (the "Offering") of 1.7 million common shares (the "Common Shares") for aggregate gross proceeds of approximately $3.23 million, prior to deducting underwriting discounts and other offering expenses. The Company's Chief Executive Officer,...
2024-04-04 9:07 AM EDT