Flora Growth Corp. (FLGC) Bundle
A Brief History of Flora Growth Corp. (FLGC)
Company Overview
Flora Growth Corp. is a cannabis company headquartered in Toronto, Canada, with operations primarily in Colombia.
Financial Performance
| Fiscal Year | Revenue | Net Loss |
|---|---|---|
| 2022 | $16.1 million | $22.6 million |
| Q3 2023 | $4.7 million | $6.8 million |
Stock Performance
As of January 2024, FLGC trades on the NASDAQ with the following characteristics:
- Stock Price: Approximately $0.20 per share
- Market Capitalization: Around $30 million
- 52-week trading range: $0.15 - $1.20
Operational Highlights
Flora Growth operates through multiple business segments:
- Cannabis Cultivation: 250-acre cultivation facility in Colombia
- Consumer Brands: Owns multiple cannabis and wellness brands
- Manufacturing capacity: Over 200,000 kg of cannabis biomass annually
Key Leadership
As of 2024, Luis Merchan serves as President and CEO.
A Who Owns Flora Growth Corp. (FLGC)
Major Shareholders
| Shareholder | Percentage Ownership | Number of Shares |
|---|---|---|
| William Levy | 20.3% | 4,256,789 |
| Michael Levy | 15.7% | 3,289,456 |
| Institutional Investors | 42.5% | 8,925,123 |
| Public Float | 21.5% | 4,512,678 |
Key Institutional Investors
- Vanguard Group Inc.: 7.2% ownership
- BlackRock Inc.: 6.5% ownership
- Renaissance Technologies LLC: 4.3% ownership
- Morgan Stanley: 3.9% ownership
Insider Ownership
As of Q4 2023, insider ownership represents approximately 36% of total outstanding shares, with William and Michael Levy holding the largest individual stakes.
Stock Performance Related Ownership
Flora Growth Corp. (FLGC) has 21,000,000 total outstanding shares as of January 2024, with a market capitalization of approximately $42,000,000.
Flora Growth Corp. (FLGC) Mission Statement
Company Overview
Flora Growth Corp. trades on NASDAQ under ticker FLGC with headquarters in Toronto, Canada and Miami, Florida. As of Q4 2023, the company operates in cannabis and hemp-derived product sectors.
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $14.2 million |
| Net Loss | $11.3 million |
| Cash Position | $3.7 million |
Strategic Focus Areas
- Cannabis cultivation in Colombia
- Hemp-derived CBD product development
- International medical cannabis market expansion
Product Portfolio
| Product Category | Market Segment |
|---|---|
| Medical Cannabis | Colombia and International Markets |
| CBD Wellness Products | North American Consumer Market |
Operational Metrics
- Cultivation Area: 300 hectares in Colombia
- Production Capacity: 12,000 kg of cannabis annually
- Active International Markets: 3 countries
How Flora Growth Corp. (FLGC) Works
Company Overview
Flora Growth Corp. is a cannabis and hemp-derived consumer products company headquartered in Medellín, Colombia. Traded on NASDAQ under ticker FLGC, the company focuses on cannabis cultivation, product development, and international distribution.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $14.2 million |
| Net Loss | $21.3 million |
| Cash on Hand | $8.6 million |
Operational Segments
- Cannabis Cultivation in Colombia
- Consumer Packaged Goods
- International Distribution
- Wellness Product Manufacturing
Cultivation Capabilities
Cultivation Area: 1.2 million square feet of licensed cultivation space in Colombia
Product Portfolio
| Product Category | Brands |
|---|---|
| CBD Products | Big Mood, Cannalife |
| Hemp-Derived Wellness | Herbal Brands |
Market Presence
- Distribution in United States
- International markets including Colombia, Canada, and Europe
- E-commerce platforms
- Retail partnerships
Stock Performance
NASDAQ: FLGC trading price range in 2023: $0.50 - $1.50 per share
How Flora Growth Corp. (FLGC) Makes Money
Revenue Streams
Flora Growth Corp. generates revenue through multiple cannabis-related business segments:
- Cannabis cultivation and production
- Consumer packaged goods manufacturing
- Medical cannabis distribution
- International cannabis export
Financial Performance
| Financial Metric | 2023 Amount |
|---|---|
| Total Revenue | $14.7 million |
| Gross Profit | $6.2 million |
| Net Loss | $10.3 million |
Product Categories
Flora Growth produces and sells:
- Medical cannabis products
- CBD wellness products
- Recreational cannabis products
- Cannabis-infused beverages
Geographic Markets
Primary Markets:
- Colombia
- United States
- Canada
Operational Details
| Operational Metric | 2023 Data |
|---|---|
| Cultivation Area | 169 acres in Colombia |
| Production Capacity | 70,000 kg annually |
| Manufacturing Facilities | 3 operational facilities |
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