Flora Growth Corp. (FLGC)
| Market Cap | 13.37M |
| Revenue (ttm) | 74.78M |
| Net Income (ttm) | -56.11M |
| Shares Out | 13.37M |
| EPS (ttm) | -7.62 |
| PE Ratio | n/a |
| Forward PE | 14.01 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 16,163 |
| Open | 0.970 |
| Previous Close | 0.990 |
| Day's Range | 0.970 - 1.030 |
| 52-Week Range | 0.630 - 5.480 |
| Beta | 1.83 |
| Analysts | Strong Buy |
| Price Target | 6.50 (+550.0%) |
| Earnings Date | Aug 8, 2024 |
About FLGC
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) der... [Read more]
Full Company ProfileFinancial Performance
In 2023, Flora Growth's revenue was $76.07 million, an increase of 127.75% compared to the previous year's $33.40 million. Losses were -$56.35 million, 7.06% more than in 2022.
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for FLGC stock is "Strong Buy." The 12-month stock price forecast is $6.5, which is an increase of 550.00% from the latest price.
News
Flora Growth Corp. Closes Acquisition of Australian Vaporizers
Fort Lauderdale, Florida--(Newsfile Corp. - June 5, 2024) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company") has entered into a share purchase agreement (the "Agreement") to acquire of all...
Flora Growth Corp. Forms Joint Venture with Althea Group Holdings to Create Leading Beverages Brand in U.S. Market
Flora and Althea have established Peak USA JV LLC ("Peak USA") - a 50/50 joint venture aiming to capitalize on the beverages market. Each party to the joint venture contributed $250,000 of operating c...
Vessel Brand Unveils the Second-Generation Compass Rise - The Next Evolution in Functionality and Elegance
Fort Lauderdale, Florida--(Newsfile Corp. - May 30, 2024) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company")'s Vessel Brand ("Vessel"), renowned for its design and precision craftsmanship,...
Flora Growth Corp. Commends President Biden on Cannabis Rescheduling Move
Fort Lauderdale, Florida--(Newsfile Corp. - May 17, 2024) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a consumer-packaged goods leader and pharmaceutical distributor, commends Pres...
Flora Growth Corp. Joins U.S. Hemp Beverage Alliance
Fort Lauderdale, Florida--(Newsfile Corp. - May 16, 2024) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a consumer-packaged goods leader and pharmaceutical distributor, is pleased to...
Flora Growth Corp. Reports First Quarter 2024 Financial Results
Fort Lauderdale, Florida--(Newsfile Corp. - May 14, 2024) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a consumer-packaged goods leader and pharmaceutical distributor, reported toda...
Flora Growth Corp. Applauds Reported Historic DEA Move to Reschedule Cannabis
Fort Lauderdale, Florida--(Newsfile Corp. - May 1, 2024) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a consumer-packaged goods leader and pharmaceutical distributor, is applauding ...
Flora Growth Corp. Enters into Definitive Agreement to Acquire TruHC
Acquisition capitalizes on TruHC's strategically built German cannabis platform, including: EU-GMP processing and production license GDP wholesale license for import / export EU-GMP certified customiz...
Flora Growth Enters Distribution Agreement to Expand Presence in Poland and Neighbouring Countries
Fort Lauderdale, Florida--(Newsfile Corp. - April 11, 2024) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a consumer-packaged goods leader and pharmaceutical distributor serving all ...
Flora Growth and IM Cannabis to Bring Vessel Products to the Israeli Market
Fort Lauderdale, Florida--(Newsfile Corp. - April 10, 2024) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a consumer-packaged goods leader and pharmaceutical distributor serving all ...
Aegis Capital Corp. Acted as Sole Bookrunner on a $3.23 Million Underwritten Public Offering for Flora Growth Corp. (NASDAQ:FLGC)
NEW YORK, NY / ACCESSWIRE / April 9, 2024 / Aegis Capital Corp. acted as Sole Bookrunner on a $3.23 Million Underwritten Public Offering for Flora Growth Corp. (NASDAQ:FLGC). About Flora Growth Corp. ...
Clifford Starke Acquires Securities of Flora Growth Corp.
Panama City, Panama--(Newsfile Corp. - April 8, 2024) - Clifford Starke (the "Acquiror") announces, pursuant to the early warning requirements of Canadian securities legislation, that he has acquired ...
Flora Growth Corp. Announces Closing of $3.2 Million Underwritten Public Offering of Common Shares
Fort Lauderdale, Florida--(Newsfile Corp. - April 8, 2024) - Flora Growth Corp. (NASDAQ: FLGC) (the "Company"), a cannabis focused consumer-packaged goods leader and pharmaceutical distributor serving...
Flora Growth Corp. Announces Pricing of $3.2 Million Underwritten Public Offering of Common Shares
Fort Lauderdale, Florida--(Newsfile Corp. - April 4, 2024) - Flora Growth Corp. (NASDAQ: FLGC) (the "Company"), a cannabis focused consumer-packaged goods leader and pharmaceutical distributor serving...
Flora Growth Corp. Announces Launch of Proposed Underwritten Public Offering of Common Shares
Fort Lauderdale, Florida--(Newsfile Corp. - April 3, 2024) - Flora Growth Corp. (NASDAQ: FLGC) (the "Company"), a cannabis focused consumer-packaged goods leader and pharmaceutical distributor serving...
New Leader in German Cannabis Created with Acquisition of TruHC, Leading EU-GMP Medical Cannabis Producing Facility, on Historic Day Germany Legalizes Recreational Cannabis
Acquisition capitalizes on TruHC's leading German cannabis platform, including: EU-GMP processing and production license GDP wholesale license for import / export EU-GMP certified customizable modules...
April 2024's Green Giants: Leading Stocks in the Cannabis Sector
As April 2024 approaches, investors watch the marijuana stock market for potential momentum. The cannabis industry, especially in the U.S., has seen significant growth, driven by legislative advanceme...
Flora Growth to Partner with Althea Group Holdings on Vessel Distribution in UK
Fort Lauderdale, Florida--(Newsfile Corp. - March 28, 2024) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a cannabis focused consumer-packaged goods leader and pharmaceutical distrib...
Flora Growth Plans to Expand Leading Global Genetics Business in Germany
Fort Lauderdale, Florida--(Newsfile Corp. - March 25, 2024) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a cannabis focused consumer-packaged goods leader and pharmaceutical distrib...
Flora Growth Corp. Provides Update on Germany's Cannabis Legalization
Fort Lauderdale, Florida--(Newsfile Corp. - March 22, 2024) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a cannabis focused consumer-packaged goods leader and pharmaceutical distrib...
Cultivating Growth: Top U.S. Marijuana Stocks for March 2024
As we step into March 2024, the landscape of the U.S. cannabis industry continues to evolve, presenting intriguing opportunities for investors. With states progressively legalizing marijuana for medic...
Flora Growth Corp. Applauds Germany's Vote to Legalize Recreational Cannabis
Fort Lauderdale, Florida--(Newsfile Corp. - February 26, 2024) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a cannabis focused consumer-packaged goods leader and pharmaceutical dist...
Flora Growth Corp. To Chair U.S. Hemp Roundtable Board of Directors
Fort Lauderdale, Florida--(Newsfile Corp. - January 22, 2024) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a consumer-packaged goods leader and pharmaceutical distributor serving al...
Cannabis Investing: Top Marijuana Stocks To Watch Today
So far marijuana stocks have slowly been having more market momentum. Much of this can be due to several factors that may continue to help. With the 2024 year just starting the anticipation of what's ...
Flora Growth Corp. Reports Record Q3 2023 with Net Income of $1.1 Million and EBITDA of $0.9 Million
Fort Lauderdale, Florida--(Newsfile Corp. - November 8, 2023) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a consumer-packaged goods leader and pharmaceutical distributor serving al...