FLGC News and Press, Flora Growth Corp. From 12/09/22

Flora Growth ( NASDAQ: FLGC ) shares fell 14% premarket after the company priced its $5M securities offering. The offering includes 12.5M of the company's common shares and warrants to purchase up to 12.5M shares. The combined purchase price for one common share and one wa...

Flora Growth Corp. (NASDAQ: FLGC ) ("Flora'' or the "Company"), a leading all-outdoor cultivator, manufacturer and distributor of global cannabis products and brands, announced today that it has entered into securities purchase agreements with institutional investors for the purchase and sale...

The Department of Health in Minnesota has approved the addition of obsessive compulsive disorder (OCD) and irritable bowel syndrome (IBS) to the list of medical conditions for which patients can be certified to start using medical marijuana. This change is slated for implementation starting on Au...

As the Cannabis Control Board of Nevada had earlier announced, regulators held two lotteries on last week to pick the first set of licensees that will be allowed to open marijuana consumption lounges in the state. A total of 40 licenses were awarded during the lotteries. Half of the licenses ...

The cannabis industry has proven to be extremely lucrative, generating billions of dollars in taxes and creating hundreds of thousands of job opportunities. For the past two decades, states across the country have passed legalization measures and allowed cannabis sales to cash in on the profi...

The reality that the House of Representatives will be controlled by Republicans in the coming Congress has created a sense of urgency among legislators who want to see marijuana banking legalized. These advocates are working feverishly to garner support so that a deal is reached during this lam...

Over the past ten years, the legal cannabis market in North America has advanced significantly. Another 20 states have joined the movement since Colorado made history by legalizing recreational marijuana in 2012, and several more may soon do the same. On November 21, New York took a monum...

Flora Growth Corp. (NASDAQ: FLGC)  reported its financial results for the third quarter ending September 30, 2022, with revenue increasing 414% over last year to $10.8 million. Flora attributed some of the growth to the acquisitions of JustCBD and Vessel. Still, the c...

Revenue for the three-month period ended September 30, 2022 was $10.8 million, an increase of 414% year over year Revenue for the nine-month period ended September 30, 2022 was $25.7 million, an increase of 510% year over year Gross profit for the three-month period ...

Only a few weeks have passed since President Joseph Biden directed that a medical review be conducted on the categorization of marijuana in the Controlled Substances Act and also issued mass pardons for simple cannabis possession convicts. Now the upper chamber of Congress has approved a bi...