- Flora Growth is a cannabis cultivator and distributor with a base of operations in Colombia’s fertile growing climate, able to supply the company’s expanding international supply chain.
- Colombia has undergone a number of regulatory changes in recent years as it emerges from the shadow of years-long drug wars and embraces growing global acceptance of cannabis products.
- The South American country voted for a new presidential administration in June, and Flora Growth applauds the president-elect’s continued openness to the international cannabis trade.
- Flora Growth announced significant revenue growth during its year-end financial reports in May, and the company said it expects another 288-400% increase in revenue over the next year. current year.
Following national elections that marked a historic shift in Colombia’s presidency as well as the social policy aspirations of its people, the emerging cannabis brand builder Flora Growth (NASDAQ: FLGC) expresses optimism about its market opportunities, which rely on a growing cannabis cultivation operation in the South American country.
Longtime lawmaker Gustavo Petro, a sitting senator and former mayor of Bogota, was declared chief executive-elect on June 19 after his final challenger in a runoff conceded Petro had won the majority of votes. during an orderly transfer of
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