FLGC - Zacks Report Highlights Flora Growth Corp. (NASDAQ: FLGC) Aspiring to Benefit from First Mover Advantage in Multiple Cannabis Market Categories
- Flora’s 2021 acquisitions allowed it to expand its operations beyond North America and into Europe
- Acquisitions have also contributed to 450% YOY revenue growth for Q1 2022
- Its management is confident that the foundation laid down so far will yield growth for 2022 and subsequent financial years
- Flora has also reiterated 2022 revenue guidance of $35 million to $45 million
2021 was an excellent year for Flora Growth (NASDAQ: FLGC). According to a recent research report from Zacks (https://cnw.fm/bWU0H), the company possesses a number of important qualities pointing to continued significant growth following a strong 2021. Flora Growth management even regarded the past year as “transformational,” particularly following the closing of supplier, vendor, and distribution agreements that would see the company expand its operations, market reach, and product line.
With the progress made by the company so far, it is looking to benefit from a first-mover advantage in multiple market categories in terms of increased value for its shareholders, a higher market share, and increased...
NOTE TO INVESTORS: The latest news and updates relating to FLGC are available in the company’s newsroom at http://cnw.fm/FLGC
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