Flora Growth Launches JustCBD on Amazon UK
May 31 2022 - 7:05AM
Business Wire
- JustCBD’s best selling products will launch
on Amazon.co.uk after JustCBD was awarded with UK Novel Foods
authorization
- Amazon UK CBD program is only for vendors who
have demonstrated compliance with all UK Novel Food regulations
- Flora and JustCBD aim to continue working
with Amazon to expand into other countries and markets over
time
Flora Growth Corp. (NASDAQ: FLGC) (“Flora” or the “Company”), a
leading all-outdoor cultivator, manufacturer and distributor of
global cannabis products and brands, announced today that its
wholly-owned subsidiary JustCBD will be launching its line of Novel
Foods registered CBD products on Amazon.co.uk.
Amazon UK entered the now £700 million CBD market in October
2021 and has since expanded the initial pilot-only program to
include vendors who have demonstrated their compliance with the UK
CBD Novel Food regulations. Producers awarded with UK Novel Food
authorization must prove the product is safe for consumption and
labeled correctly.
“With health and wellness playing an increasingly important role
in customers’ lives, we are excited to increase the selection of
quality CBD products offered to Amazon customers in the UK,” said
Hussein Rakine, CEO of JustCBD. “The JustCBD team looks forward to
working closely with Amazon to expand our product offering to other
countries as our partnership and brand presence in the United
Kingdom grows.”
JustCBD’s product line is expected to launch on Amazon.co.uk in
June of 2022 and will make available a portfolio of JustCBD’s
best-selling gummies and tinctures.
“International growth is a key objective of our company’s
strategy. The launch on Amazon UK allows Flora to reach a larger
consumer base in search of quality CBD products,” said Luis
Merchan, CEO of Flora Growth. “We are excited to continue expanding
our operations in Europe and to deliver top-quality
cannabis-related products to customers aiming to improve their
health and wellness.”
About Flora Growth Corp. Flora is building a connected,
design-led collective of plant-based wellness and lifestyle brands
delivering the most compelling customer experiences in the world,
one community at a time. As the operator of one of the most
extensive outdoor cannabis cultivation facilities, Flora leverages
natural, cost-effective cultivation practices to supply cannabis
derivatives to its commercial, house of brands, and life sciences
divisions. Visit www.floragrowth.com or follow @floragrowthcorp on
social media for more information.
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;
our environmental and sustainability practices 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 may
differ materially and are subject to risks, uncertainties and
assumptions about us. We undertake no obligation to publicly update
or revise any forward-looking statement, whether as a result of
uncertainties and assumptions, or the forward-looking events
discussed in this document and other statements made from time to
time by us or our representatives not occurring, except as may be
required by applicable law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220531005293/en/
Investor Relations: James Williams ir@floragrowth.com
Public Relations: Cassandra Dowell +1 (858) 221-8001
flora@cmwmedia.com
Flora Growth (NASDAQ:FLGC)
Historical Stock Chart
From Aug 2024 to Sep 2024
Flora Growth (NASDAQ:FLGC)
Historical Stock Chart
From Sep 2023 to Sep 2024