Flora Growth Corp is a Canadian-based vertically integrated cannabis company with operations in Colombia. The company was founded in 2019 by a team of entrepreneurs with experience in agriculture, cannabis, and finance. Flora Growth aims to become a global leader in the production and distribution of high-quality, low-cost cannabis products.
Flora Growth's business model is centered around cultivating, processing, and distributing cannabis products to both the medical and recreational markets. The company's operations in Colombia enable it to produce cannabis at a lower cost due to favorable climate conditions and access to a skilled labor force. Flora Growth also owns a portfolio of cannabis-related brands, including Mambe, Mind Naturals, and Kasa Wholefoods.
Flora Growth went public on May 26th, 2021, through a reverse takeover (RTO) with a Canadian shell company, Newrange Gold Corp. Following the RTO, Flora Growth became listed on the Canadian Securities Exchange (CSE) under the ticker symbol FLGC. The company raised CAD 27 million through a private placement prior to going public.