FLGC is trending green early today.

SmallCapFirm

Could Flora Growth Corp. (FLGC) Be Ready To Make A Vertical Move After Trending Green Early Today?

May 25th

SCF Readers,

FLGC is trending green early today.

On top of that, when FLGC hit an early high of $3.58, it rose to levels it hasn't seen in over a week.

Could this be the start of a return to previous highs we've seen earlier this month?

This move comes on the heels of last week's major press releases:

#1. (5/20/21) - Flora Growth to Ring NASDAQ Closing Bell

#2. (5/19/21) - Flora Growth Forms Flora Lab Manufacturing Division Around Recently Acquired GMP-Certified Laboratory

#3. (5/17/21) - Flora Growth’s Commercial Cultivation Progress Enables 2021 TH-C and CB Export to International Markets

With all this positive company news and a new listing on the NASDAQ, Flora Growth Corp. (FLGC) will need to remain at the top of your watch-list today and short term.

Read my initial report yet? Do so now below and pull up FLGC before it's too late.

-----

Outside of being located in South America and having famous cities from movie/tv/news lore, what do you really know about Colombia?

Coffee? Sure. If you've drank coffee at some point in your life, you've probably been offered a beverage with beans that were directly cultivated in Colombia.

As with almost every country, it has a rich heritage of art, music and a theater mix. The country has diverse landscapes that include vast desert lands and mountains covered with snow.

Shakira. Yup. Sofia Vergara. Why not.

But did you know, Colombia provides some of the most favorable cann-a-bis growing conditions in the world?

Flora Growth Corp. (NASDAQ: FLGC) has recognized this Colombian opportunity and to put it quite simply, has pounced to create a low-cost cultivation operation that could provide them with a global footprint in the years to come.

Flora is a cann-a-bis company that will leverage natural, cost-effective cultivation practices to supply cann-a-bis derivatives to its diverse business divisions of cosmetics, he-mp textiles, and food and beverage.

As the operator of one of the largest outdoor cultivation facilities, Flora strives to market a higher-quality premium product at below market prices. By prioritizing natural ingredients and value-chain sustainability across its portfolio, Flora creates premium products that help consumers restore and thrive.

The Top 10 Reasons To Be Bullish On Flora Growth Corp. (NASDAQ: FLGC)

  1. The company recently listed on the NASDAQ which will provide it with a broader audience and more visibility.(2)
  2. With cann-a-bis' potential upside, Flora Growth Corp. (NASDAQ: FLGC) stock could be surprisingly undervalued.
  3. With possible cann-a-bis legalization on the horizon in the United States, a potential $40Bn TAM cann-a-bis supply/demand gap could be created.(1)
  4. Colombia is poised to become a global low-cost leader in cann-a-bis production(1). Flora Growth’s core division is Cosechemos, a cann-a-bis cultivation and extraction facility located in Bucaramanga, Colombia.
  5. Cosechemos' 10.8 million square feet (247 acres) of licensed cultivation area can make Flora Growth a substantial cultivator in the cann-a-bis industry.(1)
  6. Cosechemos holds rights to an additional 5,268 acres licensed in Puerto Boyaca, Santander, to increase the scale of its cultivation as required.(1)
  7. Flora recently announced it has expanded into the United Kingdom (the “UK”) and Costa Rica, fulfilling initial orders from two new distributors.(3)
  8. Flora’s premium portfolio includes 5 divisions, with 280+ products, and over 70+ medical/cosmetic/other licenses.(1)
  9. The company has a healthy balance sheet including minimal debt and recently completed a $30Mn USD Pre-IPO Equity Financing.(1)
  10. Flora has an accomplished management team; combined, they have raised over $3Bn in public financings and listed in excess of 50 public companies.(1)

Colombia: A Potential Game-changer In The Global Cann-a-bis Industry (And How Flora Growth Corp. Could Benefit Greatly)

Long known for its illicit drug trade, Colombia is also a hotbed for agricultural businesses which include everything from coffee to bananas and cut flowers.

These commodities have made Colombia a force in the global market and cann-a-bis could be the next big economic breakout for this developing country.

Roughly 5 years ago, the Colombian government signed the 1787 bill into law. Law 1787 was created to regulate the use of medicinal cann-a-bis and its trade in the country.(4)

By doing this, Colombia joined a slew of other countries looking to explore the potential advantages of using cann-a-bis as an alternative to pharmaceuticals.

Legislators soon saw to create a legal framework allowing for cultivation, extraction, product manufacturing, and exporting of cann-a-bis-related products.

This is where Flora Growth Corp. (NASDAQ: FLGC) comes into play.

"Given its cost advantages, we believe Colombia is positioned to become a major global export hub for cann-a-bis, particularly if producers pursue EU GMP-compliant operating practices." - Canaccord Genuity(1)

The Cosechemos cultivation farm, Flora’s core division, is located in Bucaramanga, Colombia, and is licensed to cultivate 247 acres (100 hectares) of cann-a-bis.

With Cosechemos' demonstrated low production costs, Flora is ready to sell high-quality cann-a-bis at competitive prices.

image

Cosechemos has launched three successful pilot crop plantings consisting of 4.94 acres with impressive results(1):

  • 30 varieties of non-psychoactive cann-a-bis tested. Demonstrated production cost of $0.06/gram.
  • Optimized cultivation strategy, yielding over 125 grams/plant.
  • Initiated third-party organic and global G.A.P. certification in Ql 2020.
  • Cosechemos' extraction facility is currently under construction, with completion expected in Q3 2021. It will be built to EU-GM P standards, and immediately seek EU-GMP certification, Cosechemos plans to cultivate 49 acres in 2021; 9 acres for CB and 40 acres for T-H-C.
  • Additionally, Cosechemos holds rights to an additional 5,268 acres licensed in Puerto Boyaca, Santander, to increase the scale of its cultivation as required.(1)

Low-Cost Colombian Cultivation: Flora’s Cost Advantage(1)

image

Source: Each company's filings and presentations (FY 2019)

Favorable Growing Conditions

  • 12.8 hours of daily sunlight, 365 days/year
  • Consistent 3 mph wind, decreases incidence of plant-harming pathogens
  • Organic nutrient-rich soil allows for high density planting

Low-Cost Infrastructure

  • Long-term monthly lease of only US$10/acre, with purchase option
  • Six natural spring water deposits on site: water cost $0
  • Low utility costs at less then US$150/month

Locally-Adapted Strategy

  • 3+ years of evaluating strains to perfect growing economics
  • Developing unique organic agronomic management system tailored to Cosechemos' climate and conditions
  • Optimized cultivation strategy to obtain 3+ harvests per year (1.5-3X more than peers), high productivity per area and a high-quality product.

North America vs. Colombia Cann-a-bis Growth Comparisons(1)

North American Cann-a-bis

  • Avg. cost $1.89/gram (source 5) & 20 °F / 6.4-hours of daylight
  • Most grown indoor using artificial light with substantial energy costs and waste
  • Significant costs only to try and reproduce ideal outdoor growing environment of Colombia
image

Colombian Cann-a-bis

  • Avg. cost $0.06/gram & 65 °F / 12.8-hours of daylight
  • Free natural sunlight and water, nutrient-rich soil
  • High-quality outdoor-grown product
image
image

With a +25X cost advantage over its North American counterparts, don’t you think it might be a good time to start paying close attention to Flora Growth Corp. (NASDAQ: FLGC)?

FLGC: More Than A Cann-a-bis Cultivator

While cann-a-bis legalization continues globally, Flora Growth is creating initial demand for its cann-a-bis products through internal brands that capitalize on consumer and competitive industry trends.

Flora expects to be well-positioned with robust infrastructure, reliable supply-chains, and global distribution as the cann-a-bis market is expected to expand rapidly over the next decade.

- Cosechemos: Contracted cultivation facility with 247 acres in Bucaramanga, Colombia; has achieved production costs of US$0.06 per gram.

- Flora Lab: modern manufacturing facility with GMP certifications to supply Flora's medical and consumer brands.

- Flora Beauty: Internally developed portfolio of beauty & skincare products. Founded by former Miss Universe and global beauty influencer Paulina Vega.

- Kasa Wholefood: Portfolio of natural food & beverage products, responsibly sourced from exotic Amazonian fruits.

- He-mp Textiles & Co: Sells textiles made from he-mp to businesses and consumers, starting with inaugural brand Stardog Loungewear.

-----

Flora Growth Corp. Expands Into U.K. And Central American Markets

The company recently made a MAJOR announcement in regards to expansion into new markets. Check it out:

Flora Growth Expands into U.K. and Central American Markets with Sales to New International Distribution Partners

Flora Growth’s Mambe, Mind Naturals, and Almost Virgin Brands Fulfill Initial Orders in New Markets; Company Reaches Significant Milestones as It Continues to Execute On Its International Growth Strategy

TORONTO, May 14, 2021 (GLOBE NEWSWIRE) -- Flora Growth Corp. (NASDAQ: FLGC) (“Flora” or the “Company”), an all-outdoor cultivator and manufacturer of cann-a-bis-derived products and brands, today announced it has expanded into the United Kingdom (the “UK”) and Costa Rica, fulfilling initial orders from two new distributors. Specifically, Flora’s Kasa Wholefoods division (“Kasa”) has fulfilled an initial shipment of Mambe juices to a distributor for the Central American food and beverage market, while an initial shipment of Almost Virgin, Mind Naturals and Mambe products was fulfilled to the UK.

UK Expansion

Flora is pleased to announce that it has completed an initial shipment of products from its Mind Naturals, Almost Virgin, and Mambe brands to the UK. This order is a significant milestone for Flora, as it represents the Company’s first shipment of CB-containing products into Europe. Going forward, Flora intends to expand on its relationship in the UK to bring its entire product portfolio into the UK market and into adjacent markets throughout the European Union.

Central American Expansion

In April 2021, Kasa signed a distribution agreement with GMD Latinoamérica, a Costa Rica-based distributor for the Central American food and beverage market. Exports will begin in Puerto Limon, Costa Rica. Kasa is also in the process of registering additional product lines of its portfolio for the Central American and Caribbean markets.

Flora Growth’s expansion into the UK and Central America aligns perfectly with our strategy of aggressive expansion into new markets, as we continue to establish our premium brands’ international presence,” said Flora CEO Luis Merchan. “We look forward to working with our new distribution partners in both Europe and Central America and hope to expand even further into both continents in the coming months.

Read the full article here.

-----

On top of that huge news, the company also dropped several recent press releases that could start drawing major attention to the company:

#1. (5/20/21) - Flora Growth to Ring NASDAQ Closing Bell

#2. (5/19/21) - Flora Growth Forms Flora Lab Manufacturing Division Around Recently Acquired GMP-Certified Laboratory

#3. (5/17/21) - Flora Growth’s Commercial Cultivation Progress Enables 2021 TH-C and CB Export to International Markets

Could all of this good news become immediate term catalysts to provide Flora Growth Corp. (NASDAQ: FLGC) with a spark towards a vertical surge up the charts?

-----

Flora Growth Corp. (NASDAQ: FLGC) Has An Exceptional Leadership Team

Luis Merchan, President & CEO

Luis Merchan is a proven executive with over a decade of experience in enterprise sales management, corporate strategy, merchandising and expense management, and customer experience. He previously served as Macy’s Inc.’s Vice President of Workforce Strategy and Operations where he managed the enterprise's multi-Bn-dollar P&L expense line for the 540 store portfolio. Throughout his tenure at Macy’s, Mr. Merchan led various sales and marketing initiatives including the B2B corporate sales team that was responsible for $160Mn in annual revenue. Prior to his most recent role, Mr. Merchan held various executive-level roles at Macy’s Inc., including VP of Customer Experience and Selling Support Services and Group VP of National Merchandising and Sales - Beauty, as well as managerial roles at Target Corporation. Mr. Merchan obtained his Bachelor of Industrial Engineering from Pontifical Xaverian University in Bogota, Colombia and his MBA from McNeese State University. He also holds a Graduate Certificate in Marketing Management from Harvard.

Bernie Wilson, Chairman

Dr. Wilson is a senior financial professional. He is the former Vice-Chairman of Price-WaterhouseCoopers LLP and is the Chairman of the Founders Board of the Institute of Corporate Directors. Mr. Wilson has served as Chairman of the Canadian Chamber of Commerce; Chairman of the International Chamber of Commerce - Canada; and Member of the Canada/US Trade Committee. Drawing on his experience as Chairman of the Founders Board of Institute of Corporate Directors, as Lead Director, Mr. Wilson will work with the Board of Directors of Flora and its various standing committees to ensure effective corporate governance practices and to enhance and protect the independence of the board.

Juan Manuel Galan, Strategic Advisor

Juan Galán currently serves as a senior consultant to The World Bank. He is a Colombian politician and former senator of Colombia, serving three terms from 2006 to 2018 as a member of the Colombian Liberal Party. He is also a former professor at the University of Rosario and holds more than 20 years of journalistic, academic, governmental and parliamentary experience. During his time as a senator, Mr. Galán has been a key leader, with 29 bills and 27 debates on political control, and 17 laws to his name. The most relevant of those laws was authoring the medical cann-a-bis law that resulted in the legalization of medical cann-a-bis in Colombia.

Stan Bharti, Director

Executive Chairman of Forbes & Manhattan. Stan Bharti has more than 30 years of professional experience in business, finance, markets, operations, and more. His focus has been on the resource and technology sectors. He has amassed over $3Bn worth of investment capital for the companies that he has worked with, and for their shareholders. He is a Professional Mining Engineer and holds a Masters Degree in Engineering from Moscow, Russia and University of London, England. Mr. Bharti is a director of several public and private companies.

Javier Franco, VP Agriculture

Javier Franco is a master horticulturist with more than 25 years of experience in the design, implementation and management of cultivation and propagation facilities of more than 30 species of cut flowers in Latin America, mainly in Colombia and Ecuador. Mr. Franco completed his agricultural studies at Zamorano University in Honduras and later at an International Exchange Program at Ohio State University. Mr. Franco has directed technical, commercial and research groups in the cut flower, fruit and vegetable markets in Latin America and has participated in the commercial development of new technologies applied in agribusiness. He has also led the agri-management of organic crops and certifications of Good Agricultural Practices.

The Top 10 Reasons To Get Flora Growth Corp. (NASDAQ: FLGC) On Your Radar Now

  1. The company recently listed on the NASDAQ which will provide it with a broader audience and more visibility.(2)
  2. With cann-a-bis' potential upside, Flora Growth Corp. (NASDAQ: FLGC) stock could be surprisingly undervalued.
  3. With possible cann-a-bis legalization on the horizon in the United States, a potential $40Bn TAM cann-a-bis supply/demand gap could be created.(1)
  4. Colombia is poised to become a global low-cost leader in cann-a-bis production(1). Flora Growth’s core division is Cosechemos, a cann-a-bis cultivation and extraction facility located in Bucaramanga, Colombia.
  5. Cosechemos' 10.8 million square feet (247 acres) of licensed cultivation area can make Flora Growth a substantial cultivator in the cann-a-bis industry.(1)
  6. Cosechemos holds rights to an additional 5,268 acres licensed in Puerto Boyaca, Santander, to increase the scale of its cultivation as required.(1)
  7. Flora recently announced it has expanded into the United Kingdom (the “UK”) and Costa Rica, fulfilling initial orders from two new distributors.(3)
  8. Flora’s premium portfolio includes 5 divisions, with 280+ products, and over 70+ medical/cosmetic/other licenses.(1)
  9. The company has a healthy balance sheet including minimal debt and recently completed a $30Mn USD Pre-IPO Equity Financing.(1)
  10. Flora has an accomplished management team; combined, they have raised over $3Bn in public financings and listed in excess of 50 public companies.(1)

-----

Drop what you’re doing this second and pull up Flora Growth Corp. (NASDAQ: FLGC) before it’s too late. Also, when you have a second, do this:

image

If there are any more updates today, I'll get them out to you quickly.

Sincerely,

Axel Adams

Editor, SCF


Source 1
Source 2
Source 3
Source 4
Source 5: 2019 Average of Aphria, Tilray, Sundial, Aurora


(Always Remember The Stock Prices Could Be Significantly Lower Now From The Dates I Provided.)​

Disclosure: Make sure to always do your own research and due diligence on any day and swing trade profile I bring to your attention. I am not a license d finan.cial advise r. All potential percentage gains are based on from the low to the high of day. SmallCapFirm's full disclosure is to be read and fully understood before using SmallCapFirm's website, or joining SmallCapFirm's email or text list. By viewing SmallCapFirm's website and/or reading SmallCapFirm's email or text newsletter you are agreeing to SmallCapFirm's full disclosure which can be read at: smallcapfirm.com/disclosure StockWireNews (stockwirenews . com) is owned by StockNewsWire LLC, a limited liability company. An owner of StockNewsWire, LLC owns an interest in the limited liability company that owns and operates small cap firm . com (“SCF”), an interest in the limited liability company that owns and operates fierceinvestor . com (“FI”), an interest in the limited liability company that owns and operates stockstreetwire . com (SSW), and an interest in the limited liability company that owns and operates nasdaq wire news . com (NWN) . From time to time, StockWireNews, SCF, FI, SSW, and/or NWN will publicly disseminate information about a company via website, email, SMS and other points of media. Pursuant to an agreement between SmallCapFirm and StockNewsWire LLC, SmallCapFirm was hired for a period beginning on 5/22/21 and ending on 5/24/21 to publicly disseminate information about (FLGC) via Website, Email and SMS. We were paid five thousand USD via bank wire transfer. We own zero shares of (FLGC). An owner of StockNewsWire LLC owns an interest in SmallCapFirm. Pursuant to an agreement between StockNewsWire, LLC, and Flora Growth Corp., StockWireNews was hired for a period beginning on 5/22/21 and ending on 5/24/21 to publicly disseminate information about (FLGC) via Website, Email and SMS. We were paid thirty thousand USD via bank wire transfer. We own zero shares of (FLGC).