Flora Growth Corp. Announces Appointment of Marc Mastronardi to Board of Directors
May 25 2021 - 8:45AM
Flora Growth Corp. (NASDAQ: FLGC) (“Flora”, “Flora Growth”, or the
“Company”), an all-outdoor cultivator and manufacturer of
cannabis-derived products and brands, announced today that it has
appointed Marc Mastronardi, Chief Stores Officer of Macy’s, to its
Board of Directors (the “Board”).
“We are pleased to welcome Marc as a valuable
member of our Board of Directors to assist Flora Growth Corp. in
achieving rapid growth and maximizing shareholder value,” said Luis
Merchan, President and CEO of Flora Growth. “Marc brings a wealth
of experience in business development, enterprise operations and
customer experience, and we believe he will be a significant asset
to our Board.”
Prior to his current role, Mastronardi was
Macy’s Senior Vice President of Store Operations and Customer
Experience, where he was responsible for enterprise-wide store
operations, sales and customer service. Mastronardi has also led
multiple functions within the organization responsible for the
creation and expansion of new business concepts, leased
partnerships and diverse, owner-led businesses. Mastronardi
currently serves on the board of Delivering Good, NYC, the
executive committee of the Fashion Scholarship Fund, and is the
executive sponsor of the Macy’s Working Families Employee Resource
Group.
“I am thrilled to be joining Flora Growth
Corp.’s Board of Directors at such an exciting time,” Mastronardi
added. “The emerging market of all-outdoor cannabis cultivation
presents a unique growth opportunity and I am looking forward to
contributing my experience and knowledge to benefit Flora Growth
Corp. and its shareholders and customers.”
Flora Growth CEO Fireside
Flora Growth is pleased to announce it will be
hosting a live fireside discussion between President & CEO,
Luis Merchan, and Vice President of Corporate Development, James
Williams. The virtual fireside conversation will take place on
Thursday, May 27th at 1:00 pm ET and all those interested in
attending are encouraged to register using the following link.
Registration
Link:https://us02web.zoom.us/webinar/register/WN_5CInKn34SyST6xaoiSnVxg
Specifically, Luis and James will be providing
updates on Flora Growth’s recent business developments and overall
international cannabis strategy. This includes discussing the
recent cultivation progress at Cosechemos, the launch of Flora
Growth's international sales in Central America and the U.K., and
how Flora Growth is structuring its divisions, like Flora Lab, to
maximize the Company’s bottom line. A recording of the event will
also be made available online for those unable to attend the live
event.
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. Visit www.floragrowth.ca or follow
@floragrowthcorp on social media for more information.
Investor Relations Contact:Evan Veryard +1
(416) 571-9037evan.veryard@floragrowth.ca
Public Relations ContactCassandra DowellCMW
Mediacassandra@cmwmedia.com858-264-6600www.cmwmedia.com
Cautionary Statement Concerning Forward-Looking
Statements
This document contains forward-looking
statements. In addition, from time to time, we or our
representatives may make forward-looking statements orally or in
writing. We base these forward-looking statements on our
expectations and projections about future events, which we derive
from the information currently available to us. Such
forward-looking statements relate to future events or our future
performance, including: our financial performance and projections;
our growth in revenue and earnings; and our business prospects and
opportunities. You can identify forward-looking statements by
those that are not historical in nature, particularly those that
use terminology such as “may,” “should,” “expects,” “anticipates,”
“contemplates,” “estimates,” “believes,” “plans,” “projected,”
“predicts,” “potential,” or “hopes” or the negative of these or
similar terms. In evaluating these forward-looking
statements, you should consider various factors, including: our
ability to change the direction of the Company; our ability to keep
pace with new technology and changing market needs; and the
competitive environment of our business. These and other
factors may cause our actual results to differ materially from any
forward-looking statement. Forward-looking statements are
only predictions. The forward-looking events discussed in
this document and other statements made from time to time by us or
our representatives may not occur, and actual events and results
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of uncertainties and assumptions, or the forward-looking events
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required by applicable law.
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