Flora Growth Corp. (NASDAQ: FLGC) recently announced that its board of directors has authorized the repurchase of up to $5 million of its outstanding common stock. “These recent developments underscore Flora’s management’s confidence in the direction the company is taking and its potential for growth as the year progresses. It also assures shareholders of the company’s commitment to generating shareholder value and exploring various opportunities to achieve this. As such, it only underscores the value of Flora as a good investment,” reads a recent post. “During the announcement, Luis Merchan, President and CEO of Flora, said, “Flora continues to act confidently to execute its growth plans while simultaneously improving gross profit margins and reducing company expenses. company. We are confident in the company’s short, medium and long-term growth prospects thanks to our strong brand portfolio in the market as well as our cultivation and export capabilities in life science research. The buyback program provides us with the opportunity to increase our stake in our portfolio of high-quality brands through our shares, which we believe are trading well below NAV. »
To see the full article, visit https://cnw.fm/HqK3B
About Flora Growth Corp.
Flora is building a connected, design-driven collective of plant-based wellness and lifestyle brands delivering the world’s most compelling customer experiences, one community at a time. As operator of one of the most extensive outdoor cannabis cultivation facilities, Flora relies on natural and cost-effective cultivation practices to supply cannabis derivatives to its commercial, brand house and science divisions. of life. Visit www.FloraGrowth.com or follow @floragrowthcorp on social media for more.
NOTICE TO INVESTORS: The latest FLGC news and updates can be found in the company’s newsroom at https://cnw.fm/FLGC
About CannabisNewsWire
CannabisNewsWire (CNW) is a news service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize company news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full range of corporate communications solutions. As a multi-faceted financial news and content distribution company with an extensive team of reporters and editors, CNW is uniquely positioned to better serve private and public companies seeking to reach a wide audience of investors. , consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 major syndication outlets across the country. By reducing the information overload in today’s marketplace, CNW provides its clients with unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.
To receive SMS alerts from CannabisNewsWire, text “Cannabis” to 844-397-5787 (US cell phones only)
For more information, please visit https://www.CannabisNewsWire.com
Please review the full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever posted or republished: http://CNW.fm/Disclaimer
Do you have questions or are you interested in working with CNW? Ask our editor
CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
[email protected]
CannabisNewsWire is part of the InvestorBrandNetwork.
COMTEX_411167779/2801/2022-07-28T12:16:01
