Flora Growth Celebrates National CBD Day
Flora Growth Corp. (NASDAQ: FLGC) celebrates National CBD Day, highlighting the CBD industry's rapid growth and increasing acceptance. The market is projected to surpass $16 billion with a 40% CAGR since 2021. Key points include:
- Over 325,000 individuals employed in the U.S. CBD sector
- Widespread retail availability, including specialty stores and mainstream chains
- Increasing favorable regulations across states
Flora Growth leverages its JustCBD brand to contribute to the industry's growth, focusing on high-quality CBD products. CEO Clifford Starke emphasizes the company's alignment with the industry's trajectory of serving consumers, job creation, and advocating for sensible regulations.
Flora Growth Corp. (NASDAQ: FLGC) celebra la Giornata Nazionale del CBD, sottolineando la rapida crescita dell'industria del CBD e l'accettazione crescente. Si prevede che il mercato supererà i $16 miliardi con un CAGR del 40% dal 2021. I punti chiave includono:
- Oltre 325.000 individui impiegati nel settore del CBD negli Stati Uniti
- Disponibilità al dettaglio diffusa, comprese le negozi specializzati e le catene di grande distribuzione
- Aumento delle normative favorevoli in vari stati
Flora Growth sfrutta il suo marchio JustCBD per contribuire alla crescita dell'industria, concentrandosi su prodotti CBD di alta qualità. Il CEO Clifford Starke sottolinea l'allineamento dell'azienda con la traiettoria dell'industria, che mira a servire i consumatori, creare posti di lavoro e sostenere normative sensate.
Flora Growth Corp. (NASDAQ: FLGC) celebra el Día Nacional del CBD, destacando el rápido crecimiento de la industria del CBD y su creciente aceptación. Se proyecta que el mercado superará los $16 mil millones con un CAGR del 40% desde 2021. Los puntos clave incluyen:
- Más de 325,000 individuos empleados en el sector del CBD en EE. UU.
- Disponibilidad generalizada en retail, incluyendo tiendas especializadas y cadenas convencionales
- Aumento de regulaciones favorables en varios estados
Flora Growth utiliza su marca JustCBD para contribuir al crecimiento de la industria, enfocándose en productos de CBD de alta calidad. El CEO Clifford Starke enfatiza la alineación de la empresa con la trayectoria de la industria, que busca atender a los consumidores, crear empleos y abogar por regulaciones sensatas.
플로라 그로스 Corp.(NASDAQ: FLGC)는 CBD 산업의
- 미국 CBD 부문에서 325,000명 이상이 고용됨
- 전문 상점 및 주류 체인을 포함한 광범위한 소매 가용성
- 주마다 증가하는 유리한 규제
플로라 그로스는 고품질 CBD 제품에 중점을 두고 산업 성장에 기여하기 위해 JustCBD 브랜드를 활용합니다. CEO 클리포드 스타크는 소비자에게 서비스를 제공하고 일자리를 창출하며 합리적인 규제를 지지하는 산업의 궤도에 회사가 잘 맞춰져 있음을 강조합니다.
Flora Growth Corp. (NASDAQ: FLGC) célèbre la Journée Nationale du CBD, mettant en avant la croissance rapide de l'industrie du CBD et l'acceptation croissante. Le marché devrait dépasser 16 milliards de dollars avec un TACR de 40% depuis 2021. Les points clés incluent :
- Plus de 325 000 individus employés dans le secteur du CBD aux États-Unis
- Disponibilité généralisée dans le commerce de détail, y compris les magasins spécialisés et les chaînes grand public
- Accroissement des réglementations favorables à travers les États
Flora Growth utilise sa marque JustCBD pour contribuer à la croissance de l'industrie, en se concentrant sur des produits CBD de haute qualité. Le PDG Clifford Starke souligne l'alignement de l'entreprise avec la trajectoire de l'industrie, qui vise à servir les consommateurs, à créer des emplois et à plaider pour des réglementations sensées.
Flora Growth Corp. (NASDAQ: FLGC) feiert den Nationalen CBD-Tag und hebt das rapide Wachstum der CBD-Industrie sowie die zunehmende Akzeptanz hervor. Der Markt wird voraussichtlich 16 Milliarden Dollar übersteigen, mit einem CAGR von 40% seit 2021. Wichtige Punkte umfassen:
- Über 325.000 Personen im US-CBD-Sektor beschäftigt
- Umfangreiche Einzelhandelsverfügbarkeit, einschließlich Fachgeschäften und Mainstream-Ketten
- Zunehmend günstige Vorschriften in verschiedenen Bundesstaaten
Flora Growth nutzt seine JustCBD-Marke, um zum Wachstum der Branche beizutragen und konzentriert sich auf hochwertige CBD-Produkte. CEO Clifford Starke betont die Übereinstimmung des Unternehmens mit der Richtung der Branche, die darauf abzielt, den Verbrauchern zu dienen, Arbeitsplätze zu schaffen und für sinnvolle Vorschriften zu plädieren.
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Fort Lauderdale, Florida--(Newsfile Corp. - August 8, 2024) - Flora Growth Corp. (NASDAQ: FLGC) (FSE: 7301) ("Flora" or the "Company") proudly celebrates National CBD Day, a day dedicated to recognizing the vast benefits and rapid growth of the CBD industry in the United States and beyond.
National CBD Day not only celebrates the therapeutic benefits of cannabidiol ("CBD") but also serves as a reminder of the political strides made in recent years. Legislative bodies across various states have increasingly recognized the potential of CBD, leading to more favorable regulations. This shift is evident in the growing acceptance CBD.
The past years have exhibited exponential growth in the CBD industry, with the size of the market projected to surpass
The retail landscape for CBD products has also transformed dramatically, encompassing specialty CBD stores, pharmacies, health food shops, and mainstream retail chains. This widespread availability has made CBD products more accessible to consumers, further driving market growth.
The Company stands at the forefront of this burgeoning industry, leveraging the distribution and marketing experience of its leading consumer products brand - JustCBD.
"National CBD Day is a testament to the incredible journey of CBD from niche to a mainstream product," said Clifford Starke, Chief Executive Officer. "At Flora, we contribute to this growth by providing high-quality CBD products. Our mission aligns with the industry's trajectory of serving consumers, creating jobs and advocating for sensible regulations."
About JustCBD
JustCBD high quality CBD products are made from organically sourced USA-grown hemp. JustCBD carries a wide range of CBD items for sale, including everything from Gummies and oil to soothing creams and pet treats. It has more than 22,000 5-star reviews. Every CBD product is GMP certified, as well as third party laboratory tested to confirm buyers' safety. JustCBD is one of the top gummy companies in the world. For more information, visit www.justcbdstore.com.
About Flora Growth Corp.
Flora Growth Corp. is a consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000+ points of distribution around the world. For more information on Flora, visit www.floragrowth.com.
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Investor Relations:
Investor Relations ir@floragrowth.com
Clifford Starke Clifford.Starke@floragrowth.com
Media:
Cautionary Statement Concerning Forward-Looking Statements
This press release contains "forward-looking statements," as defined by U.S. federal securities laws. Forward-looking statements reflect Flora's current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words "believe," "expect," "anticipate," "will," "could," "would," "should," "may," "plan," "estimate," "intend," "predict," "potential," "continue," and the negatives of these words and other similar expressions generally identify forward-looking statements. These forward-looking statements include, but are not limited to, statements about: the impact of new product launches and the growth of the CBD market in the United States and beyond. Such forward-looking statements are subject to various and risks and uncertainties, including those described under section entitled "Risk Factors" in Flora's Annual Report on Form 10-K filed with the United States Securities and Exchange Commission (the "SEC") on March 28, 2024, as such factors may be updated from time to time in Flora's periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov/edgar. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in Flora's filings with the SEC. While forward-looking statements reflect Flora's good faith beliefs, they are not guarantees of future performance. Flora disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes after the date of this press release, except as required by applicable law. You should not place undue reliance on any forward-looking statements, which are based on information currently available to Flora (or to third parties making the forward-looking statements).
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/219188
FAQ
What is the projected market size for the CBD industry according to Flora Growth's National CBD Day press release?
How many jobs has the CBD sector created in the United States, as mentioned in Flora Growth's (FLGC) announcement?
What is Flora Growth's (FLGC) leading consumer products brand for CBD, as mentioned in their National CBD Day celebration?
How has the retail landscape for CBD products changed according to Flora Growth's (FLGC) National CBD Day announcement?
