Core Insights - Flora Growth Corp. reported its financial and operational results for the three and nine months ended September 30, 2024, highlighting a net loss of $3.8 million for the quarter compared to a net income of $1.1 million in the same period last year [20][24] - The cannabis industry is expected to benefit from the election of President-Elect Donald Trump, with optimism surrounding federal cannabis policy advancements and the potential for a more favorable regulatory landscape [2][3] - Flora is actively participating in legislative developments, including the Cannabinoid Safety and Regulations Act, which aims to establish a comprehensive framework for cannabinoid products [3] Regulatory Developments - The Cannabinoid Safety and Regulations Act has received support from key industry organizations and aims to ensure safe production and marketing of cannabinoid products [3] - In Germany, new legislation has been approved to liberalize industrial hemp cultivation, creating opportunities for the cannabis market [3] - Flora supports Germany's cannabis model city projects, which aim to gather insights on consumption behaviors and public health [3] New Product Launches and Partnerships - JustCBD launched new products aimed at stress management and sleep quality [4] - Flora partnered with Canapuff to distribute Vessel's hardware in Central Europe [4] - An exclusivity agreement was signed with Nordic Tower AB for the distribution of Flora's Vessel Brand in the Nordic countries [5] Financing Activities - The company initiated a Regulation A Offering with a maximum capacity of $75 million [6] - An At-The-Market Issuance Sales Agreement was entered into with Aegis for an aggregate offering price of up to $3.8 million [6] Supply Agreements - A new supply agreement with Curaleaf Holdings will facilitate the importation of medical cannabis products into Germany, a rapidly growing market [7] - The German medical cannabis market is projected to reach $450 million in sales in 2024, with significant growth expected over the next five years [7] Management Changes - Dr. Manfred Ziegler joined Flora as Managing Director in Germany, bringing extensive experience in the pharmaceutical industry [8] - Harold Wolkin was appointed as an independent director, contributing over 30 years of experience in finance [29] Strategic Initiatives - Flora launched its first THC-infused beverages and completed a specialized beverage facility [14] - The company is expanding its Parallel Import Business in Germany to provide pharmaceuticals at competitive prices [9][10] - Flora integrated Sezzle financing options into its e-commerce platforms to enhance product accessibility [16] Financial Highlights - For the nine months ended September 30, 2024, Flora reported a net loss of $9.8 million, a significant improvement from a net loss of $47.3 million in the prior year [24] - Total operating expenses decreased to $19.6 million from $57.2 million in the comparable period [24] - JustCBD maintained a gross profit margin of 40% on sales of $4.2 million during the quarter [21]

Core Insights - Flora Growth Corp. is launching a parallel import business in Germany and the European Union, aiming to tap into a $4 billion market [2][6] - The company has appointed Dr. Manfred Ziegler as Managing Director, who has a strong background in pharmaceutical distribution [3] - The parallel import business will focus on providing affordable pharmaceuticals while complying with EU regulations [4][5] Company Strategy - The PI Business will initially target Germany, the largest market in Europe, with plans for future expansion into other EU member states [6] - The company aims to enhance product availability and affordability, contributing positively to its overall turnover and bottom line [6] Market Context - Germany's parallel import business, including exports, is valued at nearly $4 billion, with 47% of exports to EU countries originating from Germany [6] - The parallel import model allows for sourcing products from countries where they are cheaper, benefiting consumers with lower prices [7]

Core Insights - Flora Growth Corp. has announced a distribution partnership with Sunshine State Distributing to manage the distribution of its hemp-infused beverages, targeting a growing market valued at $2 billion in 2023 and projected to reach $117 billion by 2032, with a compound annual growth rate (CAGR) of 57.50% [2][3]. Company Overview - Flora Growth Corp. aims to become a leading NASDAQ small-cap international cannabis company, focusing on consumer-packaged goods and pharmaceutical distribution across all 50 states and 28 countries, with over 20,000 points of distribution globally [7]. Partnership Details - Sunshine State Distributing, a prominent distributor in the Southeastern United States, will handle the distribution of Flora's beverages, starting with products named Melo and Cola [2][4]. - Sunshine's established distribution network includes liquor stores, supermarkets, specialty stores, and convenience outlets, which will enhance the visibility and availability of Flora's products in a market increasingly seeking alternative beverage options [4][5]. Market Potential - The global cannabis beverages market is experiencing significant growth, with a current size of $2 billion and expectations to expand to $117 billion by 2032, indicating a strong demand for hemp-infused beverages [3].

Core Viewpoint - Flora Growth Corp. is launching a THC-infused Cola as part of its strategic expansion into the beverage market, targeting a $220 million beverage market and aiming to capture a share of the growing demand for functional beverages [2][3][4]. Group 1: Product Launch and Technology - The new THC-infused Cola utilizes proprietary emulsion technology to ensure a consistent and high-quality consumer experience, maintaining the traditional cola taste while incorporating the benefits of hemp [4][5]. - This product follows the introduction of Melo, Flora's first beverage, indicating a continued commitment to innovation in the beverage sector [3][4]. Group 2: Market Strategy and Distribution - The launch will be supported by an extensive distribution network, including traditional retail channels, U.S. distributors, and liquor stores, targeting both the mainstream cola market and the emerging hemp-based product demand [6][7]. - Flora aims to establish a strong foothold in the U.S. Southeast, with plans for national expansion, focusing on building brand recognition and loyalty [7][8]. Group 3: Company Background and Vision - Flora Growth Corp. is positioned as a leading NASDAQ small-cap international cannabis company, with a mission to serve all 50 states and 28 countries, boasting over 20,000 points of distribution globally [9]. - The company has previously achieved success with its gummies, demonstrating its capability to create products that resonate with consumers, which it aims to replicate in the THC-infused beverage category [8].

Flora Growth Corp. Launches THC-Infused Melo to Capture Booming $220 Million Beverage MarketOctober 24, 2024 8:00 AM EDT | Source: Flora Growth Corp.Fort Lauderdale, Florida--(Newsfile Corp. - October 24, 2024) - Flora Growth Corp. (NASDAQ: FLGC) (FSE: 7301) ("Flora" or the "Company") is excited to announce the launch of its first THC-infused beverage, Melo. This marks Flora's highly anticipated debut into the rapidly growing beverage market, an industry experiencing significant momentum in th ...

Flora Growth Corp. Provides Update on Hoshi Investment in PortugalFacility Received GACP License, First Commercial Harvest Expected in 2025October 23, 2024 8:20 AM EDT | Source: Flora Growth Corp.Fort Lauderdale, Florida--(Newsfile Corp. - October 23, 2024) - Flora Growth Corp. (NASDAQ: FLGC) (FSE: 7301) ("Flora" or the "Company") is pleased to announce important progress on its strategic investment in Hoshi International Inc. ("Hoshi") in Portugal. This update highlights the ongoing developme ...

Flora Growth Corp. Completes Build-Out of Specialized Beverage Facility, Marking Entry into the $220 Million Beverage MarketNew Facility Employs Proven Technology from Peak to Deliver Product Quality and Competitive Edge in the Rapidly Expanding THC-Infused Beverage SectorOctober 22, 2024 8:20 AM EDT | Source: Flora Growth Corp.Fort Lauderdale, Florida--(Newsfile Corp. - October 22, 2024) - Flora Growth Corp. (NASDAQ: FLGC) (FSE: 7301) ("Flora" or the "Company") today announced the completion ...

Core Viewpoint - Flora Growth Corp. has appointed Omar Sharif Jr. as a Special Advisor, emphasizing its commitment to diversity, inclusion, and social advocacy within the cannabis industry [3][5]. Group 1: Appointment and Role - Omar Sharif Jr. is recognized for his advocacy in LGBTQ+ rights, human rights, and social justice, and will guide Flora Growth's initiatives to enhance inclusion and diversity [4][6]. - His role will focus on developing strategies to improve representation for LGBTQ+ individuals and other underrepresented communities in the cannabis sector [6]. Group 2: Company Mission and Vision - Flora Growth aims to be a leading NASDAQ small-cap international cannabis company, serving all 50 states and 28 countries with over 20,000 points of distribution [7]. - The company believes that promoting diversity and supporting social causes is both a moral imperative and a business responsibility [5].

● ● ● | --- | --- | |-------------------------------------------------|-------| | | | | Dr. Manfred Ziegler Joins Flora Growth Corp. as | | | | | | Managing Director, Bolstering German Business | | | with Unmatched Expertise | | October 10, 2024 7:15 AM EDT | Source: Flora Growth Corp. Fort Lauderdale, Florida--(Newsfile Corp. - October 10, 2024) - Flora Growth Corp. (NASDAQ: FLGC) (FSE: 7301) ("Flora" or the "Company") is pleased to announce the appointment of Dr. Manfred Ziegler as a Managing Director. Dr ...

. . . | --- | --- | |-------------------------------------------------|-------| | | | | Flora Growth Corp. Signs Exclusive Distribution | | | Agreement with Nordic Tower AB for Vessel | | | Products in Sweden and the Nordic Region | | September 26, 2024 9:10 AM EDT | Source: Flora Growth Corp. Fort Lauderdale, Florida--(Newsfile Corp. - September 26, 2024) - Flora Growth Corp. (NASDAQ: FLGC) (FSE: 7301) ("Flora" or the "Company") is pleased to announce the signing of an exclusivity agreement with Nordic Tow ...