Flora Growth
Agriculture · Florida, United States · 51-200 Employees
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Overview
Headquarters
3406 SW 26th Ter Ste C1, Fort Lauderdale...Phone Number
(954) 842-4989Website
www.floragrowth.comRevenue
$57.6 MillionStock Symbol
FLGCIndustry
ZI Rank: 10
Signal Type
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About Flora Growth
Flora Growth Corp., together with its subsidiaries, engages in the growth, cultivation, and development of medicinal cannabis and medicinal cannabis derivative products worldwide. It operates through three segments: House of Brands, Commercial and Wholesale, and Pharmaceuticals. The company cultivates, processes, and supplies medicinal-grade cannabis flower, and cannabis derived medical and wellness products. It also offers food and beverage, nutraceuticals, cannabis accessories and technology, personal care, and wellness; cannabidiol (CBD) derived products, such as gummies, topicals, tinctures, and vape products; cannabis consumption accessories, personal storage, and travel accessories for the vape and dry herbs. In addition, the company manufactures and distributes pharmaceutical goods and medical cannabis products to treat a variety of health indications, including drugs related to cancer therapies, attention-deficit/hyperactivity disorder, multiple sclerosis, and anti-depressants.Read more
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Revenue
Number of Employees
Type
Funding
Founded In
Company Profile Activity
Activity Insights
Flora Growth is experiencing very low activity levels compared to other companies in the Agriculture sector.
What does this means?
Flora Growth is drawing exceptional interest within the Agriculture industry, suggesting notable developments or strong market momentum, learn more about Flora Growth.
Flora Growth financials insights
Gather financial insights about Flora Growth, including details on funding rounds, investors, total funding, and acquisitions, to gain a comprehensive understanding of their financial strategy.
2021
Stock Offering
$16.7M
Stock Offering
$30M
2025
Private Equity
$3.6M
Flora Growth Tech Stack
A closer look at the technologies used by Flora Growth
Most Recent Scoops
Funding
Funding
Project
Flora Growth is focusing on the beverage market in the U.S. and the parallel import business in Germany. In Germany, the company has brought in a new team led by Manfred Ziegler to implement changes aimed at achieving higher margins. The company expects these changes to increase overall margins to the high twenties or low thirties in the coming quarters.
Financial Planning, Business Development, Finance, Financial Strategy, Operations
Earnings
reported revenues of $12.5 million for Q3 2024, compared to $17.3 million for Q3 2023. For the nine months ended September 30, 2024, revenues were $46.2 million, down from $58.1 million in the same period of 2023. The decrease is primarily due to discontinuation of unprofitable product lines and increased competition.
Earnings, Accounting, Financial Reporting, Finance, Operations, Revenue Operations
Earnings
reported ending the quarter with $4.2 million in cash and $21.3 million in current assets, including $7.9 million of sellable inventory.
Earnings, Accounting, Logistics / Supply Chain, Financial Reporting, Inventory Management, Finance
Earnings
Earnings, eCommerce, Accounting, Sales, Financial Reporting, Finance
Flora Growth News & Media
Flora Growth Secures $401M Funding, Plans $0G Token Treasury Strategy | FLGC Stock News
Flora Growth secures $366M in digital assets, $35M cash in PIPE offering at $25.19/share. Company to rebrand as ZeroStack, implement AI-based $0G token treasury strategy with DeFi Dev partnership.Flora Growth Corp. (FLGC) Leaps Into Web3 With $1M Crypto Bet
We recently compiled a list of the 12 Cheap Pot Stocks to Buy According to Hedge Funds. Flora Growth Corp. stands twelfth on our list. Flora Growth Corp. (NASDAQ:FLGC) is among the cheap pot stocks to buy. It is a global cannabis company headquartered in Fort Lauderdale, Florida, operating in over 15 countries. It offers a […]Flora Growth Corp. Announces Pricing of $3.6 Million Registered Direct Offering
Flora Growth announces strategic $3.6M registered direct offering, partnering with institutional investors. Deal includes 2.85M common shares with Aegis Capital as placement agent.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")...
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Flora Growth Corp., together with its subsidiaries, engages in the growth, cultivation, and development of medicinal cannabis and medicinal cannabis derivative products worldwide. It operates through three segments: House of Brands, Commercial and Wholesale, and Pharmaceuticals. The company cultivates, processes, and supplies medicinal-grade cannab... Read More
