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Flora Growth (NASDAQ: FLGC) anticipates growth under new Colombian administration

  • 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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NOTICE TO INVESTORS: The latest FLGC news and updates can be found in the company’s newsroom at https://cnw.fm/FLGC

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