Flora Growth Corp. Partners with Flowzz.com on E-Commerce Store
Flora Growth Corp. (NASDAQ: FLGC) has partnered with Flowzz.com to establish a dedicated e-commerce store on the Flowzz Webshop, one of Germany's popular online cannabis marketplaces. This collaboration will integrate Flora's product line, including cannabis strains, flowers, and Vessel products, into the Flowzz platform. Flora will have exclusivity for accessories, cannabis seeds, cuttings, and seedlings.
Flowzz will manage the creation, maintenance, and marketing of the Flora Flowzz page, while Flora handles order fulfillment. This partnership aims to expand Flora's reach in the German market, which recently legalized recreational cannabis on April 1, 2024. With an estimated 4.5 million cannabis users in Germany as of February 2024, this collaboration positions Flora to capitalize on the growing European cannabis market.
Flora Growth Corp. (NASDAQ: FLGC) ha collaborato con Flowzz.com per creare un negozio e-commerce dedicato sulla Flowzz Webshop, uno dei popolari mercati online di cannabis in Germania. Questa collaborazione integrerà la linea di prodotti di Flora, comprese varietà di cannabis, fiori e prodotti Vessel, nella piattaforma Flowzz. Flora avrà l'esclusiva per accessori, semi di cannabis, talee e piantine.
Flowzz si occuperà della creazione, manutenzione e marketing della pagina Flora Flowzz, mentre Flora gestirà l'evasione degli ordini. Questa partnership mira a espandere la portata di Flora nel mercato tedesco, che ha legalizzato di recente la cannabis ricreativa il 1° aprile 2024. Con circa 4,5 milioni di utenti di cannabis in Germania a febbraio 2024, questa collaborazione posiziona Flora per sfruttare il fiorente mercato europeo della cannabis.
Flora Growth Corp. (NASDAQ: FLGC) se ha asociado con Flowzz.com para establecer una tienda de comercio electrónico dedicada en la Flowzz Webshop, uno de los populares mercados online de cannabis en Alemania. Esta colaboración integrará la línea de productos de Flora, incluyendo variedades de cannabis, flores y productos de Vessel, en la plataforma Flowzz. Flora tendrá la exclusividad para accesorios, semillas de cannabis, esquejes y plántulas.
Flowzz gestionará la creación, mantenimiento y marketing de la página Flora Flowzz, mientras que Flora se encargará del cumplimiento de pedidos. Esta asociación tiene como objetivo ampliar el alcance de Flora en el mercado alemán, que recientemente legalizó el cannabis recreativo el 1 de abril de 2024. Con aproximadamente 4,5 millones de usuarios de cannabis en Alemania a febrero de 2024, esta colaboración posiciona a Flora para capitalizar el en crecimiento mercado europeo del cannabis.
플로라 성장 주식회사( NASDAQ: FLGC)가 Flowzz.com과 협력하여 독일에서 인기 있는 온라인 대마초 시장 중 하나인 Flowzz 웹샤프에 전용 전자상거래 매장을 설립했습니다. 이번 협력은 플로라의 제품 라인을 통합할 것이며, 대마초 품종, 꽃, 그리고 Vessel 제품이 Flowzz 플랫폼에 포함됩니다. 플로라는 악세사리, 대마초 씨앗, 삽수 및 묘목에 대한 독점권을 보유할 것입니다.
Flowzz는 Flora Flowzz 페이지의 생성, 유지 관리 및 마케팅을 담당하고, Flora는 주문 처리 업무를 다룰 것입니다. 이 파트너십은 독일 시장에서 Flora의 영향력을 확대하는 것을 목표로 합니다, 독일은 2024년 4월 1일에 오락용 대마초를 합법화했습니다. 2024년 2월 기준으로 독일에는 약 450만 명의 대마초 사용자가 있어, 이번 협력은 Flora가 성장하는 유럽 대마초 시장에서 기회를 잡을 수 있는 좋은 위치에 놓이게 합니다.
Flora Growth Corp. (NASDAQ: FLGC) s'est associé à Flowzz.com pour établir une boutique de commerce électronique dédiée sur Flowzz Webshop, l'un des marchés de cannabis en ligne les plus populaires en Allemagne. Cette collaboration intégrera la gamme de produits de Flora, y compris des variétés de cannabis, des fleurs et des produits Vessel, sur la plateforme Flowzz. Flora aura l'exclusivité des accessoires, des graines de cannabis, des boutures et des plantules.
Flowzz gérera la création, la maintenance et le marketing de la page Flora Flowzz, tandis que Flora s'occupera de l'exécution des commandes. Ce partenariat vise à élargir la portée de Flora sur le marché allemand, qui a récemment légalisé le cannabis récréatif le 1er avril 2024. Avec environ 4,5 millions d'utilisateurs de cannabis en Allemagne en février 2024, cette collaboration positionne Flora pour profiter du marché croissant du cannabis en Europe.
Flora Growth Corp. (NASDAQ: FLGC) hat sich mit Flowzz.com zusammengetan, um einen speziellen E-Commerce-Shop auf der Flowzz-Webshop zu etablieren, einem der beliebten Online-Cannabis-Marktplätze in Deutschland. Diese Zusammenarbeit wird die Produktreihe von Flora integrieren, einschließlich Cannabis-Sorten, Blumen und Vessel-Produkten, in die Flowzz-Plattform. Flora erhält Exklusivität für Zubehör, Cannabissamen, Stecklinge und Setzlinge.
Flowzz wird die Erstellung, Wartung und das Marketing der Flora Flowzz-Seite übernehmen, während Flora die Auftragsbearbeitung übernimmt. Diese Partnerschaft verfolgt das Ziel, Floras Reichweite auf dem deutschen Markt zu erweitern, der kürzlich am 1. April 2024 Freizeit-Cannabis legalisiert hat. Mit schätzungsweise 4,5 Millionen Cannabis-Nutzern in Deutschland im Februar 2024 ist diese Zusammenarbeit eine gute Gelegenheit für Flora, im wachsenden europäischen Cannabis-Markt Fuß zu fassen.
- Exclusive partnership with Flowzz.com for e-commerce expansion in Germany
- Access to a broader audience through Flowzz's established platform
- Exclusive rights for accessories, cannabis seeds, cuttings, and seedlings
- Potential growth opportunity in the newly legalized German recreational cannabis market
- Leveraging Flowzz's e-commerce infrastructure and promotional strategies
- None.
Insights
This partnership with Flowzz.com marks a significant step for Flora Growth Corp. in expanding its digital presence in Germany's newly legalized cannabis market. The collaboration leverages Flowzz's established e-commerce infrastructure and customer base, potentially accelerating Flora's market penetration.
Key points to consider:
- Exclusive rights for accessories, seeds, cuttings and seedlings on Flowzz platform
- Integration of Flora's product line, including cannabis strains and Vessel products
- Flowzz's responsibility for page creation and marketing, while Flora handles fulfillment
- Potential for increased visibility and sales in the German market
However, investors should note that while this move positions Flora well in the growing German cannabis market, the impact on revenue and profitability remains to be seen. The success will depend on effective execution and consumer adoption rates in this newly legalized market.
The partnership between Flora Growth and Flowzz.com is strategically timed with Germany's recent legalization of recreational cannabis. This move positions Flora to capitalize on a market with significant growth potential:
0.28% of Germans were medical cannabis patients pre-legalization- An estimated 4.5 million Germans use cannabis as of February 2024
- Projected
500% growth in European cannabis patients over the next five years
Germany's emergence as a leading cannabis market in Europe presents substantial opportunities for Flora. However, investors should be aware that the market is still in its infancy and competition is likely to intensify. Flora's success will depend on its ability to differentiate its products and effectively leverage Flowzz's platform to capture market share in this rapidly evolving landscape.
Fort Lauderdale, Florida--(Newsfile Corp. - October 8, 2024) - Flora Growth Corp. (NASDAQ: FLGC) (FSE: 7301) ("Flora" or the "Company") is excited to announce a cooperation agreement with Flowzz.com, marking its expansion in the field German of e-commerce. This partnership will establish a dedicated Flora e-commerce store on the Flowzz Webshop, integrating a wide range of Flora's products into one of the most popular online cannabis marketplaces in Germany. Flora will have exclusivity for accessories, cannabis seeds, cuttings and seedlings.
Under the agreement, Flora will showcase its comprehensive product line on the Flowzz platform. This includes existing shop items, cannabis strains, cannabis flowers, and Vessel products, which will now be easily accessible to customers through the Flowzz user-friendly interface. Flowzz will oversee the creation, ongoing maintenance, and marketing of the Flora Flowzz page, while Flora will manage all aspects of order fulfillment to ensure an enjoyable customer experience. The Flowzz e-commerce infrastructure and targeted promotional strategies will play a role in driving traffic to the Flora Flowzz page.
“German pharmacists, doctors and consumers have relied on Flowzz and its e-commerce engine to educate and purchase cannabis products. By leveraging the Flowzz advanced e-commerce platform, we can reach a broader audience and enhance our customer engagement in Germany. This partnership highlights our dedication to growth in the digital space,” said Clifford Starke, Chief Executive Officer.
Flowzz.com is a dynamic e-commerce platform specializing in the distribution of cannabis products, accessories, and wellness solutions across Europe. The platform contains detailed information about cannabis brands, prices, quantities and important qualitative information. Since its inception, it has gained recognition for its seamless shopping experience, product offerings, and a customer-centric approach. Flowzz has built an impressive portfolio of partnerships with cannabis brands and has distinguished itself as a trusted source for both medical and recreational cannabis products.
On April 1, 2024, Germany legalized recreational cannabis. With approximately 230,000 medical cannabis patients prior to legalization, Germany continues to lead the way in European medical cannabis. This only represents
About Flowzz.com
Flowzz.com is a leading online marketplace specializing in cannabis products, offering a comprehensive selection of high-quality items through an intuitive and user-friendly platform. Flowzz is dedicated to providing exceptional customer service and promoting the best products in the cannabis industry.
About Flora Growth Corp.
Flora Growth Corp.'s mission is to become the leading NASDAQ small-cap international cannabis company. Flora is a cannabis-focused 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
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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 establishment of a dedicated Flora e-commerce store on the Flowzz website, the integration of a wide range of Flora’s products into the Flowzz network, Flora showcasing its product line on the Flowzz platform, Flora managing all aspects of order fulfillment, Flora having exclusivity for accessories, cannabis seeds, cuttings and seedlings with Flowzz, total number of cannabis patients in Europe estimated to be 500,000 in 2024, and growth of around
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/225946
FAQ
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