Flora Growth
General Information | |
Business: | We cultivate and process natural, medicinal-grade cannabis oil and high quality cannabis derived medical and wellbeing products and intend to supply these premium products to large channel distributors, including pharmacies, medical clinics, and cosmetic companies. We are an early-stage private company headquartered in Canada. Our agricultural and processing operations are in Colombia. We are an emerging growth company and just began to generate revenues in August 2020 through our Flora Beauty LLC and Hemp Textiles subsidiaries, and in December 2020 following acquisitions of our Cronomed, Breeze, and Kasa subsidiaries. We will require the funding from this offering to begin to plant, grow and harvest our cannabis products on a commercial scale, to produce oil extracts, to access needed facilities and labor and to achieve large channel distribution of our products. |
Industry: | Medicinal Chemicals & Products |
Employees: | 35 |
Founded: | 2019 |
Contact Information | |
Address | 65 Queen Street West, Suite 900 Toronto, Ontario M5H 2M5 |
Phone Number | 1 (416) 861-2267 |
Web Address | http://www.floragrowth.ca. |
View Prospectus: | Flora Growth |
Financial Information | |
Market Cap | $189.09mil |
Revenues | $0.11 mil (last 12 months) |
Net Income | $-14.33 mil (last 12 months) |
IPO Profile | |
Symbol | FLGC |
Exchange | NASDAQ |
Shares (millions): | 3.3 |
Price range | $5.00 - $5.00 |
Est. $ Volume | $16.7 mil |
Manager / Joint Managers | Boustead Securities |
CO-Managers | - |
Expected To Trade: | 5/11/2021 |
Status: | Priced |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |