Flora Growth Corp. (FLGC)

NASDAQ: FLGC · IEX Real-Time Price · USD
0.958
+0.006 (0.67%)
At close: Feb 26, 2024, 4:00 PM
0.965
+0.007 (0.74%)
After-hours: Feb 26, 2024, 7:53 PM EST
0.67%
Market Cap 7.86M
Revenue (ttm) 70.37M
Net Income (ttm) -59.75M
Shares Out 8.21M
EPS (ttm) -9.82
PE Ratio n/a
Forward PE 72.46
Dividend n/a
Ex-Dividend Date n/a
Volume 63,382
Open 0.960
Previous Close 0.951
Day's Range 0.920 - 1.000
52-Week Range 0.171 - 9.000
Beta 1.63
Analysts Strong Buy
Price Target 30.00 (+3,033.16%)
Earnings Date Apr 1, 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 to pharmacies, medical clinics, and cosmetic companies worldwide. It cultivates, processes, and supplies medicinal-grade cannabis flower, and cannabis derived medical and wellness products; offers skincare and beauty products; develops plant-based and medical-grade pharmaceuticals, phytotherapeutics, and dietary supplements. The company also manufactures, distributes, and retail... [Read more]

Sector Healthcare
IPO Date May 11, 2021
Employees 337
Stock Exchange NASDAQ
Ticker Symbol FLGC
Full Company Profile

Financial Performance

In 2022, Flora Growth's revenue was $37.17 million, an increase of 313.93% compared to the previous year's $8.98 million. Losses were -$52.63 million, 146.4% more than in 2021.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for FLGC stock is "Strong Buy." The 12-month stock price forecast is $30.0, which is an increase of 3,033.16% from the latest price.

Price Target
$30.0
(3,033.16% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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...

16 hours ago - Newsfile Corp

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...

5 weeks ago - Newsfile Corp

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 ...

Other symbols: CURLF
5 weeks ago - MarijuanaStocks

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...

3 months ago - Newsfile Corp

Flora Growth Corp. Announces Resignation of Director

Fort Lauderdale, Florida--(Newsfile Corp. - October 16, 2023) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a global consumer-packaged goods leader and pharmaceutical distributor ser...

4 months ago - Newsfile Corp

Flora Growth Corp. Announces Transition of Hussein Rakine from Director to Special Advisor

Fort Lauderdale, Florida--(Newsfile Corp. - October 2, 2023) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a global consumer-packaged goods leader and pharmaceutical distributor serv...

5 months ago - Newsfile Corp

Top Marijuana Stocks To Buy And Hold The Rest Of 2023

It is possible that in Q3 of 2023, marijuana stocks begin to see better trading momentum. Now this can be due to several reasons but overall the cannabis industry is still evolving. What this means is...

Other symbols: SHWZ
5 months ago - MarijuanaStocks

Flora Growth Corp. Announces Pricing of $2.7 Million Registered Direct Offering and Concurrent Private Placement

Fort Lauderdale, Florida--(Newsfile Corp. - September 19, 2023) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a global consumer-packaged goods leader and pharmaceutical distributor s...

5 months ago - Newsfile Corp

Flora Growth Corp. to Acquire Australian Vaporizers; Expects Immediate Profit Contribution

Fort Lauderdale, Florida--(Newsfile Corp. - September 18, 2023) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a global consumer-packaged goods leader and pharmaceutical distributor s...

5 months ago - Newsfile Corp

Late August Green: Top Penny Stocks for the Last Week of August

Welcome to the intriguing world of marijuana stocks, where we will look at the top prospects for the next week in August 2023. These emerging opportunities in the cannabis sector have caught the inter...

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6 months ago - MarijuanaStocks

Marijuana Penny Stocks on the Radar

As we enter the third week of August, investors interested in investigating the dynamic world of marijuana stocks will discover some exciting options. While established cannabis conglomerates continue...

6 months ago - MarijuanaStocks

Flora Growth Corp. and TruHC Pharma GmbH Establish Strategic Partnership to Grow Market Share in Germany

Fort Lauderdale, Florida--(Newsfile Corp. - August 17, 2023) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a global consumer-packaged goods leader and pharmaceutical distributor serv...

6 months ago - Newsfile Corp

Flora Growth Corp. Reports Second Quarter 2023 Financial Results

Fort Lauderdale, Florida--(Newsfile Corp. - August 10, 2023) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a consumer-packaged goods leader and pharmaceutical distributor serving all...

7 months ago - Newsfile Corp

Flora Growth Corp. Announces Update on Sale of Colombian Assets; Expects Asset Sale to Contribute to Anticipated Annual Savings of US$6.1 million

Fort Lauderdale, Florida and Toronto, Ontario--(Newsfile Corp. - July 25, 2023) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a consumer-packaged goods leader serving all 50 states w...

7 months ago - Newsfile Corp

Blazing Opportunities: Top Marijuana Stocks To Watch On End Of July

As the cannabis industry and top marijuana stocks continue to rise, 2023 is an excellent opportunity for investors and traders to enter the thriving world of cannabis companies. With new markets openi...

7 months ago - MarijuanaStocks

Flora Growth Corp. Appoints Clifford Starke as Chief Executive Officer and Dany Vaiman as Chief Financial Officer; Regains Compliance with NASDAQ Minimum Bid Requirement

Fort Lauderdale, Florida--(Newsfile Corp. - June 27, 2023) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), a consumer-packaged goods leader serving all 50 states with 15,000+ points of...

8 months ago - Newsfile Corp

Flora Growth Corp. to Effect Reverse Stock Split

FORT LAUDERDALE, Fla. & TORONTO--(BUSINESS WIRE)--Flora Growth Corp. (NASDAQ: FLGC) (“Flora” or the “Company”), a global cultivator, manufacturer, and distributor of cannabis products and brands, anno...

9 months ago - Business Wire

Flora Growth Corp. Announces Change to Location of Annual and Special Meeting

FORT LAUDERDALE, Fla. & TORONTO--(BUSINESS WIRE)--Flora Growth Corp. (NASDAQ: FLGC) (“Flora” or the “Company”), a global cultivator, manufacturer, and distributor of cannabis products and brands, anno...

9 months ago - Business Wire

Flora Growth Reports First Quarter 2023 Financial Results

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Flora Growth Corp. (NASDAQ: FLGC) (“Flora'' or the “Company”), a global cultivator, manufacturer, and distributor of cannabis products and brands, reported toda...

10 months ago - Business Wire

Flora Growth Corp. Announces the Appointment of Hussein Rakine as CEO and Member of the Board of Directors

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Flora Growth Corp. (NASDAQ: FLGC) (“Flora” or the “Company”) a leading cultivator, manufacturer and distributor of global cannabis products and brands, today an...

11 months ago - Business Wire

Flora Growth Receives CGMP Certification of Compound Formulation Lab; Launches Prescription Cannabis Medicines in Colombia

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Flora Growth Corp. (NASDAQ: FLGC) (“Flora'' or the “Company”), a leading cultivator, manufacturer and distributor of global cannabis products and brands, announ...

11 months ago - Business Wire

Flora Growth Reports 2022 Year-End Financial Results: $37.2M in Revenue, 314% Growth Year-Over-Year

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Flora Growth Corp. (NASDAQ: FLGC) (“Flora'' or the “Company”), a leading cultivator, manufacturer and distributor of global cannabis products and brands, report...

11 months ago - Business Wire

Flora Growth to Announce 2022 Year End Results April 3, 2023, at 8:00 a.m. ET

FORT LAUDERDALE, Fla. & TORONTO--(BUSINESS WIRE)--Flora Growth Corp. (NASDAQ: FLGC) (“Flora'' or the “Company”), a leading cultivator, manufacturer and distributor of global cannabis products and bran...

1 year ago - Business Wire

Flora Growth Begins Product Sales in Juan Valdez, Colombia's Largest Coffeehouse Chain

FORT LAUDERDALE, Fla. & TORONTO--(BUSINESS WIRE)--Flora Growth Corp. (NASDAQ: FLGC) (“Flora'' or the “Company”), a leading cultivator, manufacturer and distributor of global cannabis products and bran...

1 year ago - Business Wire

Microcap cannabis stock Flora Growth rallies on revenue view

Flora Growth Corp. FLGC, stock rose 17% in premarket trades after the all-outdoor cultivator, manufacturer and distributor of cannabis products said it expects $90 million to $105 million in 2023 reve...

1 year ago - Market Watch