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
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