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Flora Growth debuts on the Nasdaq, aiming to be largest, lowest-cost cannabis producer in the world

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Flora Growth Corp (NASDAQ:FLGC) CEO Luis Merchan tells Proactive the Colombian-based cannabis cultivator, the first plant-touching group to list on the Nasdaq directly, aims to be the largest, lowest-cost, highest quality cannabis producer in the world.

Merchan says the group, who raised $30M in a pre-IPO fundraising in 2020, produces its organic, outdoor-grown cannabis at $0.06/gram of dried cannabis flour compared to North American cultivators at around $1.25/gram.

Merchan says Flora Growth, which owns 100 hectares of land, will leverage the recently raised $30M to expand its international reach.

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/949714/flora-growth-debuts-on-the-nasdaq-aiming-to-be-largest-lowest-cost-cannabis-producer-in-the-world-949714.html



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