Flora GrowthFLGC
FLGC
About: Flora Growth Corp is a multi-national cannabis company that manufactures and distributes consumer packaged goods, cultivates and distributes medicinal cannabis, and distributes pharmaceutical products. Its reportable segments are; the commercial and wholesale segment (FGH and Cosechemos subsidiaries), the house of brands segment (JustCBD, Vessel, and Kasa Wholefoods Company subsidiaries), and the pharmaceuticals segment (Grupo Farmaceutico Cronomed and Breeze Laboratory subsidiaries). Geographically, the company generates revenue from United States, Germany, and the United Kingdom. It derives a majority of its revenue from the United States.
Employees: 108
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
56% more capital invested
Capital invested by funds: $400K [Q2] → $624K (+$223K) [Q3]
0.12% more ownership
Funds ownership: 2.93% [Q2] → 3.05% (+0.12%) [Q3]
0% more funds holding
Funds holding: 20 [Q2] → 20 (+0) [Q3]
0% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 5
50% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 4
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$4
288%
upside
Avg. target
$4
288%
upside
High target
$4
288%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Aegis Capital Rommel Dionisio 0% 1-year accuracy 0 / 1 met price target | 288%upside $4 | Buy Initiated | 25 Nov 2024 |
Financial journalist opinion
Based on 9 articles about FLGC published over the past 30 days
Neutral
Newsfile Corp
6 days ago
Clifford Starke's Holdings in Flora Growth Corp.
Panama City, Panama--(Newsfile Corp. - December 17, 2024) - On December 15, 2024, Flora Growth Corp.'s Board of Directors granted Clifford Starke (the "Acquiror") 900,000 Restricted Stock Awards which fully vested on December 15, 2024 (the "Acquisition"). Immediately before the completion of the Acquisition, the Acquiror owned an aggregate of 1,346,902 Common Shares, representing approximately 7.80% of the outstanding Common Shares of the Issuer.
Neutral
Newsfile Corp
1 week ago
Flora Growth Corp. Announces Closing of $3.6 Million Registered Direct Offering
Fort Lauderdale, Florida--(Newsfile Corp. - December 16, 2024) - Flora Growth Corp. (NASDAQ: FLGC) (the "Company") today announced the closing of a registered direct offering to institutional investors for the aggregate purchase and sale of approximately $3.6 million of Common Shares at a price of $1.25 per Common Share. The offering consisted of the sale of an aggregate of 2,850,000 Common Shares.
Neutral
Newsfile Corp
1 week ago
Flora Growth Corp. Announces Pricing of $3.6 Million Registered Direct Offering
Fort Lauderdale, Florida--(Newsfile Corp. - December 13, 2024) - Flora Growth Corp. (NASDAQ: FLGC) (the "Company") today announced that it has entered into definitive agreements in a registered direct offering with institutional investors for the purchase and sale of approximately $3.6 million of Common Shares at a price of $1.25 per Common Share. The offering consists of the sale of 2,850,000 Common Shares.
Neutral
Newsfile Corp
1 week ago
Flora Growth Applauds Launch of German Cannabis Pilot Programs
Flora Intends to Submit Applications for Upcoming Cannabis Pilot Programs Run by BMEL Fort Lauderdale, Florida--(Newsfile Corp. - December 12, 2024) - Flora Growth Corp. (NASDAQ: FLGC) (FSE: 7301) ("Flora" or the "Company") today announced its intention to submit applications for participation in upcoming cannabis pilot programs in Germany to the Federal Ministry for Agriculture and Food ("BMEL"). These programs aim to effectively reduce the illicit market, expand health prevention, and provide an objective foundation for ongoing discussions surrounding cannabis.
Neutral
Newsfile Corp
1 week ago
Flora Growth's Peak USA Celebrates the Launch of THC-Infused Beverage Brand, Melo, in Total Wines & More
Melo Available in Grapefruit, Half & Half Lemonade Iced Tea, Strawberry Mango, and Wild Berry Flavors Fort Lauderdale, Florida--(Newsfile Corp. - December 11, 2024) - Flora Growth Corp. (NASDAQ: FLGC) (FSE: 7301) ("Flora" or the "Company") is proud to announce that its THC-infused beverage brand, Melo, will be available in store in select states beginning Friday December 13th. This beverage is poised to reach a broader audience with imminent placement in the retail networks of Total Wines & More ("Total"), one of the most recognized retailers of innovative and premium alcoholic and non-alcoholic products in the United States.
Neutral
Newsfile Corp
2 weeks ago
Flora Growth Appoints Sammy Dorf, Verano Co-Founder, as Executive Chairman
Adds Verano Co-Founder to its Board as it Accelerates its Entry into the THC-Infused Beverage Market Fort Lauderdale, Florida--(Newsfile Corp. - December 10, 2024) - Flora Growth Corp. (NASDAQ: FLGC) (FSE: 7301) ("Flora" or the "Company") is delighted to announce the appointment of Sammy Dorf, a celebrated pioneer in the cannabis industry, as Executive Chairman of its Board of Directors. This strategic appointment ushers in an exciting new chapter as Flora expands its footprint in the growing THC-infused beverage market and bolsters its global licensing initiatives.
Neutral
Newsfile Corp
2 weeks ago
Flora to Launch Bitcoin Payment Integration
Fort Lauderdale, Florida--(Newsfile Corp. - December 4, 2024) - Flora Growth Corp. (NASDAQ: FLGC) (FSE: 7301) ("Flora" or the "Company") announced today its intent to explore the integration of Bitcoin as an accepted form of payment across its business platforms. This move aligns with the Company's commitment to innovation and meeting the evolving preferences of its global customer base.
Neutral
Newsfile Corp
3 weeks ago
Flora Launches Limited Edition Compass Rise Crimson, Perfectly Timed for the Holiday Season
Fort Lauderdale, Florida--(Newsfile Corp. - December 2, 2024) - Flora Growth Corp. (NASDAQ: FLGC) (FSE: 7301) ("Flora" or the "Company") is thrilled to announce the launch of the limited-edition Compass Rise Crimson. This exclusive offering, a new addition to the acclaimed Compass Rise Series, is available just in time for the holidays, promising the perfect blend of elegance and functionality for enthusiasts.
Neutral
Newsfile Corp
4 weeks ago
Flora Expands European Success with Thriving Partnership in Czech Republic and Slovakia
Fort Lauderdale, Florida--(Newsfile Corp. - November 26, 2024) - Flora Growth Corp. (NASDAQ: FLGC) (FSE: 7301) ("Flora" or the "Company") is pleased to announce it has renewed its sales orders for the Czech Republic and Slovakia through one of Just Brands UK's largest customers, Mirfa s.r.o. ("Mirfa") This long-standing partnership, valued at total demand of approximately $500,000 annually, underscores Flora's commitment to expanding its footprint in high-growth international markets.
Neutral
Newsfile Corp
1 month ago
Flora Unveils Element, Revolutionizing Glass Bubbler
Fort Lauderdale, Florida--(Newsfile Corp. - November 21, 2024) - Flora Growth Corp. (NASDAQ: FLGC) (FSE: 7301) ("Flora" or the "Company") is proud to announce the launch of Element, the latest innovation from its premium lifestyle brand, Vessel. A first-of-its-kind glass and brass bubbler, Element is a cutting-edge addition to Vessel's product lineup.
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