Flora Growth Awarded Best M&A Deal at Benzinga Cannabis Capital Conference

Post material

FORT LAUDERDALE, Fla. & TORONTO — Flora Progress Corp. (NASDAQ: FLGC) (“Flora” or the “Company”), a foremost all-outside cultivator, manufacturer and distributor of world cannabis goods and brand names, nowadays introduced that the Company been given the Ideal M&A Offer award at Benzinga’s 2022 Hashish Cash Convention in Chicago.

“We are honored to get the award for Greatest M&A Deal at the Benzinga Cannabis Cash Meeting, which recognizes our strategic M&A goals together with obtaining products, expertise, expanding distribution, and prospects,” mentioned Luis Merchan, Chairman and CEO of Flora.

Report information

Flora concluded the acquisition of JustCBD in February 2022, and it right away available the Corporation an founded CPG manufacturer with a portfolio of more than 300 goods, a immediate-to-customer business with more than 300,000 customers, and a community of around 14,000 outlets throughout the US and internationally. JustCBD generated audited income of US$28 million and EBITDA of US$7 million in fiscal calendar year 2020 across many merchandise types. The acquisition has improved Flora’s infrastructure in the US with popular distribution across many mainstream US channels.

Flora’s Chairman and CEO, Luis Merchan, will be speaking on a panel with the CEOs of other intercontinental companies and industry industry experts, entitled “M&A Fever: Consolidation Heating Up in Canada & Europe” using put on Tuesday, September 13, at 2:30pm CT on the Industry Phase. Merchan intends to examine consolidation in the business and the result that it is getting on important gamers around the entire world.

Flora executives and personnel will be exhibiting at booth #26. Conference goers and fascinated buyers are encouraged to prevent by the booth to go over Flora’s IPO on the Nasdaq last year and the Company’s increasing suite of products inside of its Property of Manufacturers.

About Flora Expansion Corp.

Flora is creating a related, style-led collective of plant-based wellness and lifestyle makes, intended to produce the most powerful customer activities in the environment, a person community at a time. As the operator of 1 of the most significant out of doors cannabis cultivation amenities, Flora leverages organic, value-efficient cultivation techniques to offer cannabis derivatives to its industrial, household of makes, and lifetime sciences divisions. Pay a visit to www.floragrowth.com or adhere to @floragrowthcorp on social media for a lot more information and facts.

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