(Nasdaq: FLGC) Profile

OUR NEW PROFILE IS:   (NASDAQ: FLGC)

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Flora’s premium portfolio includes 5 divisions, with 280+ products, and over 70+ medical/cosmetic/other licenses

FLGC leverages natural, cost-effective cultivation practices to supply cannabis derivatives to its diverse business division

The Cosechemos cultivation farmis licensed to cultivate 247 acres (100 hectares) of MJ

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Flora Growth Completes Successful First Cannabis Extraction Through New Facility, Initiates EU-GMP Certification Process

  • Flora’s cultivation and extraction division, Cosechemos, completed construction of a 10,500 ft2 state-of-the-art post-harvest and extraction facility with annual capacity of 15,000 L of distillate
  • The first batch of crude oil has been extracted, where the product was submitted to the Colombian Government to obtain Flora’s 2022 quota for High-THC derivatives, building on Flora’s existing quota of 7,900 kg of dried High-THC flower
  • Cosechemos has initiated the pre-audit process for EU-GMP certification, which will enable export of medical-grade cannabis derivatives to international markets when paired with its existing GACP certification

MIAMI & TORONTO, January 11, 2022–(BUSINESS WIRE)–Flora Growth Corp. (NASDAQ: FLGC) (“Flora” or the “Company”), a leading all-outdoor cultivator and manufacturer of global cannabis products and brands, announced today that its wholly owned subsidiary, Cosechemos, has produced the first batch of crude oil through its newly constructed extraction facility. Further, Cosechemos has initiated the process to become EU-GMP certified. The completed facility will serve as the Company’s primary processing hub, facilitating the drying and processing of Flora’s all-outdoor cultivated flower into finished, packaged dry flower and extracted material for domestic production and export to wholesale cannabis markets.

In December of 2021, Flora’s laboratory quality assurance and regulatory team completed the installation and testing of all extraction equipment. The team successfully extracted the first batch of High-THC crude oil, where the product was submitted to the Colombian Government to obtain Flora’s 2022 quota for THC derivatives. At this time, the team is continuing commercial CBD extraction.

With this major milestone complete, the company has initiated pre-audit work for the completion of the EU-GMP certification. Upon receipt of EU-GMP certification, and when paired with Flora Growth’s recent Good Agricultural and Collection Practices (GACP) certification, Flora will be positioned to target international medical cannabis markets. Flora intends on leveraging its cost advantage – with the Company’s low-cost, outdoor-cultivated cannabis grown as inexpensively as 6 cents per gram – to penetrate international medical cannabis markets with its low-cost dried flower and derivatives.

“Global cannabis markets are growing at an incredible rate, and Flora is ready to meet that demand for cannabis-derivatives with the completion of our new EU-GMP compliant extraction facility in Colombia,” said Luis Merchan, President and CEO of Flora Growth. “This is another major step for Flora Growth, as we are now in a position to seek EU-GMP certification, with the ultimate goal of disrupting the global cannabis derivatives market with our low-cost product. Further, the completion of the facility immediately allows us to supply extracts and derivatives to our CPG portfolio, including Flora Beauty and Kasa brands, unlocking additional cost efficiencies.”

Flora Growth’s post-harvest and extraction facility stands at 10,500 square feet at Flora’s cultivation site in Bucaramanga, Colombia, bringing total extraction capacity to over 15,000 litres of distillate annually. The new facility is fully automated and features cryo-ethanol extraction that yields economical and high-quality cannabinoid derivatives at high-throughput. The facility expedites Flora’s ability to produce dried and packaged flower, derivatives, distillate, and finished goods entirely in-house.

“Being fully integrated, with internal processing, paired with our expanding distribution channels, was a strategic decision and one that we believe will have long-term benefit as the cannabis derivatives market further stabilizes and expands,” said Jason Warnock, CRO of Flora Growth. “This new facility will also help to increase the range of our product offerings, so that our team can not only produce high-quality cannabis flower, but also produce derivatives and active pharmaceutical ingredients (or APIs) for international medical markets.”

Hello Everyone,

We hope that y0u have been paying attention to our profiles.  We have seen our last few take off quickly from the opening bell.  We have a new profile that we want to bring to your attention for today’s session.
Pull up FLGC immediately.
This recently uplifted Nasdaq company has recognized this Colombian opportunity and to put it quite simply, has pounced to create a low-cost cultivation operation that could provide them with a global footprint in the years to come.
Flora is a cann-a-bis company that will leverage natural, cost-effective cultivation practices to supply cann-a-bis derivatives to its diverse business divisions of cosmetics, he-mp textiles, and food and beverage.
As the operator of one of the largest outdoor cultivation facilities, Flora strives to market a higher-quality premium product at below market prices. By prioritizing natural ingredients and value-chain sustainability across its portfolio, Flora creates premium products that help consumers restore and thrive.

CATALYSTS

  • The company listed on the NASDAQ this past year which will provide it with a broader audience and more visibility.
  • With possible cann-a-bis legalization on the horizon in the United States, a potential $40Bn TAM cann-a-bis supply/demand gap could be created.
  • Colombia is poised to become a global low-cost leader in cann-a-bis production.
  • Flora Growth’s core division is Cosechemos, a cann-a-bis cultivation and extraction facility located in Bucaramanga, Colombia.
  • Cosechemos’ 10.8 million square feet (247 acres) of licensed cultivation area can make Flora Growth a substantial cultivator in the cann-a-bis industry.
  • Cosechemos holds rights to an additional 5,268 acres licensed in Puerto Boyaca, Santander, to increase the scale of its cultivation as required.
  • Flora recently announced it has expanded into the United Kingdom (the “UK”) and Costa Rica, fulfilling initial orders from two new distributors.
  • Flora’s premium portfolio includes 5 divisions, with 280+ products, and over 70+ medical/cosmetic/other licenses.
  • The company has a healthy balance sheet including minimal debt and recently completed a $30Mn USD Pre-IPO Equity Financing.
  • Flora has an accomplished management team; combined, they have raised over $3Bn in public financings and listed in excess of 50 public companies.

FLORA’S NATURAL CANNABIS

Flora Growth’s core division is Cosechemos, a cannabis cultivation and extraction facility located in Bucaramanga, Colombia. This division was established to produce natural, high-quality cannabis derivatives to be sold through wholesale and retail channels to the global cannabis market.

From the ground up, Flora is building a foundation designed to exceed customer expectations through purpose-built EU-GMP compliant or equivalent facilities for cultivation, extraction, and manufacturing.

With rampant uncertainty in product quality across the cannabis industry, Flora’s objective is to offer a reliable and affordable cannabis solution. By controlling product quality across our value chain, we believe that we can confidently meet the stringent standards in our target countries.

Cultivation

  • Cosechemos is ideally located to cultivate cannabis with, on average, over 12.5 hours of natural sunlight per day, an elevation that results in a constant pathogen-reducing breeze, nutrient-rich organic soil, and six natural spring water deposits.
  • The Cosechemos facility is licensed to cultivate 247 acres (100 hectares) of cannabis and is actively cultivating cannabis to produce commercial THC and CBD flower and derivatives. Cosechemos has initiated third-party organic and Global G.A.P. certification to guarantee product quality and export to a global market.

Extraction

  • Cosechemos’ extraction facility is currently under construction. It is designed to be a 400 m2 cryo-ethanol extraction lab with a projected throughput of up to 1,200 L/month of crude oil. The facility is being built to EU-GMP standards, with completion expected in Q3 2021; following completion, we intend to immediately seek EU-GMP certification.

Manufacturing & Distribution

Flora Growth manufactures the majority of its products through its Flora Lab division, a manufacturing and R&D center. This division is underpinned by a 16,000 sq.ft. facility with a modern laboratory that holds multiple GMP certifications. Flora Lab currently manufactures and distributes 60+ OTC products registered with INVIMA across 1,500+ distribution channels.

The Cosechemos cultivation farm, Flora’s core division, is located in Bucaramanga, Colombia, and is licensed to cultivate 247 acres (100 hectares) of cann-a-bis.
With Cosechemos’ demonstrated low production costs, Flora is ready to sell high-quality cann-a-bis at competitive prices.
Cosechemos has launched three successful pilot crop plantings consisting of 4.94 acres with impressive results(1):
  • 30 varieties of non-psychoactive cann-a-bis tested. Demonstrated production cost of $0.06/gram.
  • Optimized cultivation strategy, yielding over 125 grams/plant.
  • Initiated third-party organic and global G.A.P. certification in Ql 2020.
  • Cosechemos’ extraction facility is currently under construction, with completion expected in Q3 2021. It will be built to EU-GM P standards, and immediately seek EU-GMP certification, Cosechemos plans to cultivate 49 acres in 2021; 9 acres for CB and 40 acres for T-H-C.
  • Additionally, Cosechemos holds rights to an additional 5,268 acres licensed in Puerto Boyaca, Santander, to increase the scale of its cultivation as required.

Favorable Growing Conditions.

  • 12.8 hours of daily sunlight, 365 days/year
  • Consistent 3 mph wind, decreases incidence of plant-harming pathogens
  • Organic nutrient-rich soil allows for high density planting
Low-Cost Infrastructure
  • Long-term monthly lease of only US$10/acre, with purchase option
  • Six natural spring water deposits on site: water cost $0
  • Low utility costs at less then US$150/month
Locally-Adapted Strategy
  • 3+ years of evaluating strains to perfect growing economics
  • Developing unique organic agronomic management system tailored to Cosechemos’ climate and conditions
  • Optimized cultivation strategy to obtain 3+ harvests per year (1.5-3X more than peers), high productivity per area and a high-quality product.
North America vs. Colombia Cann-a-bis Growth Comparisons
North American Cann-a-bis
  • Avg. cost $1.89/gram (source 5) & 20 °F / 6.4-hours of daylight
  • Most grown indoor using artificial light with substantial energy costs and waste
  • Significant costs only to try and reproduce ideal outdoor growing environment of Colombia
With a +25X cost advantage over its North American counterparts, don’t you think it might be a good time to start paying close attention to Flora Growth Corp. (NASDAQ: FLGC)?
FLGC: More Than A Cann-a-bis Cultivator
While cann-a-bis legalization continues globally, Flora Growth is creating initial demand for its cann-a-bis products through internal brands that capitalize on consumer and competitive industry trends.
Flora expects to be well-positioned with robust infrastructure, reliable supply-chains, and global distribution as the cann-a-bis market is expected to expand rapidly over the next decade.
– Cosechemos: Contracted cultivation facility with 247 acres in Bucaramanga, Colombia; has achieved production costs of US$0.06 per gram.
– Flora Lab: modern manufacturing facility with GMP certifications to supply Flora’s medical and consumer brands.
– Flora Beauty: Internally developed portfolio of beauty & skincare products. Founded by former Miss Universe and global beauty influencer Paulina Vega.
– Kasa Wholefood: Portfolio of natural food & beverage products, responsibly sourced from exotic Amazonian fruits.
– He-mp Textiles & Co: Sells textiles made from he-mp to businesses and consumers, starting with inaugural brand Stardog Loungewear.

NEWS

FLORA GROWTH RECEIVES GOOD AGRICULTURAL AND COLLECTION PRACTICES (GACP) CERTIFICATION, OPENING PATHWAY TO DRY FLOWER EXPORT

Read more

MANAGEMENT

Luis Merchan President & CEO

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Damian Lopez VP Legal & Corporate Strategy

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James Williams VP Corporate Development

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Orlando Bustos VP of Strategic Finance

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Javier Franco VP Agriculture

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Evan Veryard VP of Investor Relations​

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Lee Leiderman Chief Financial Officer

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Jason Warnock Chief Revenue Officer

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Bernie Wilson Chairman

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Dr. Annabelle Morgan-Manalo​ Director

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Dr. Beverly Richardson Director​

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Juan Carlos Roa Director​

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Luis Merchan Director​

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Marc Mastronardi Director​

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