Flora Growth Establishes On-the-Ground Presence in UK and EU
May 12 2022 - 6:05AM
Business Wire
- Flora wellness brand, JustCBD has opened a new office in London
to service the United Kingdom and EU distribution of Flora’s
branded portfolio products
- Flora will expand its footprint in the European market through
a brick-and-mortar JustCBD outpost in Prague and partner with Hoshi
to distribute Flora’s portfolio of products to 11 countries
- Cross-selling efforts begin as Vessel, MIND Naturals and
JustCBD see increased European interest in April
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 the
Company is expanding its operational footprint in Europe and the
United Kingdom, furthering its international growth strategy.
The London-based offices will serve as the regional headquarters
for its sales force and management of its distribution centers in
the UK and Netherlands. The expansion signals an assertive push to
broaden the reach for JustCBD’s 79 products registered with UK
Novel Foods and paves the way for meaningful distribution of
Flora’s house of brands.
In addition, Flora bolsters its strategic positioning in the
region by partnering with Hoshi to distribute the Company’s broader
product portfolio to 11 countries, including Germany, Portugal, the
UK, Italy, Poland, the Czech Republic, Denmark, the Netherlands,
Switzerland, Malta, and Macedonia.
“Establishing our roots in the UK and EU will not only afford us
opportunities to increase our distribution and grow market share,
but it will generate actionable market insights for our team to
continue to innovate and deliver the most compelling experiences we
can,” said Luis Merchan, President and CEO of Flora. “The latest
global expansion highlights our commitment to driving exponential
growth and scale.”
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/20220512005430/en/
Investor Relations Contact: James Williams
james.williams@floragrowth.com
Public Relations Contact: Cassandra Dowell +1 (858)
221-8001 flora@cmwmedia.com
Flora Growth (NASDAQ:FLGC)
Historical Stock Chart
From Apr 2024 to May 2024
Flora Growth (NASDAQ:FLGC)
Historical Stock Chart
From May 2023 to May 2024