Flora Growth Corp. (NASDAQ: FLGC) in Prime Position as Colombia Eyes Role as Cannabis Market Leader
October 01 2021 - 8:30AM
NetworkNewsAudio –
Flora Growth Corp. (NASDAQ:
FLGC) announces the availability of a broadcast titled,
“Latin America, Not US, Spearheading Advancements in Global
Cannabis Markets.”
To hear the AudioPressRelease, please visit: The
NetworkNewsAudio News Podcast
To view the full editorial, please visit:
https://nnw.fm/2cRGl
Perhaps the biggest news of the summer out of LATAM arrived in
July when Colombia authorized exports of dried cannabis flower for
medical use, bookending about five years’ worth of legislative
changes favoring legal cannabis. Colombia had already established
cannabis infrastructure by allowing production, distribution, and
exports of many cannabis goods, including seeds and derivatives
such as ointments, but the country had held exporting dried flower
– far and away the most popular version of the plant – as verboten.
Decree 811, issued July 23, 2021, changed that, making the
country’s intentions clear to be a market leader.
Flora Growth (NASDAQ: FLGC) has the distinction
of being the first traditional cannabis company to IPO on the
Nasdaq exchange, successfully completing its initial public
offering in May. It also has the distinction of operating one of
the largest outdoor, organic cannabis cultivation facilities in
Colombia, where it benefits from production costs that are markedly
lower than industry averages.
About Flora Growth Corp.
Flora is a cannabis company that leverages natural,
cost-effective cultivation practices to supply cannabis derivatives
to its diverse business divisions of cosmetics, hemp textiles, and
food and beverage. As the operator of one of the largest outdoor
cultivation facilities, Flora strives to market a higher-quality
premium product at below market prices. By prioritizing natural
ingredients and value-chain sustainability across its portfolio,
Flora creates premium products that help consumers restore and
thrive.
For more information about this company,
visit www.FloraGrowth.ca or follow @floragrowthcorp on
social.
NOTE TO INVESTORS: The latest news and
updates relating to FLGC are available in the company’s newsroom
at https://ibn.fm/FLGC
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