Flora Growth Provides 2022 Revenue Guidance of US$35-45 Million; Sets Date for Year End Review Webinar

Rhea-AI Summary

Flora Growth Corp. (NASDAQ: FLGC) has announced a revenue guidance of $35-45 Million for 2022, including contributions from its operating divisions, notably the recently acquired Vessel Brand and wholesale cannabis revenues from Cosechemos.

A webinar is scheduled for December 14 at 4:30 p.m. ET to discuss operational performance and financial guidance. Flora aims to build a collective of plant-based wellness brands while leveraging its extensive outdoor cannabis cultivation.

Positive

• 2022 revenue guidance of $35-45 Million
• Incorporation of revenue from acquired Vessel Brand and Cosechemos
• Scheduled webinar for operational updates demonstrates transparency

Negative

• None.

MIAMI & TORONTO--(BUSINESS WIRE)-- Flora Growth Corp. (NASDAQ: FLGC) (“Flora” or the “Company”), a leading all-outdoor cultivator and manufacturer of global cannabis products, announced today 2022 revenue guidance of $35-45 Million. This incorporates revenue contributions from its various operating divisions, including recently acquired Vessel Brand and wholesale cannabis revenues from Cosechemos.

Further, Flora Growth will hold a webinar on Tuesday, December 14^th, at 4:30 p.m. ET. During the webinar, Flora CEO Luis Merchan will provide an update on the operational performance for 2021 to date, provide additional comments on the financial guidance for 2022, and hold a brief question-and-answer session.

All those interested in attending are encouraged to register using the following link. Questions can be submitted in advance of the webinar, upon registration.

Registration Link:
https://us02web.zoom.us/webinar/register/WN_HkME32LkRhK4KRvsPKWwzA

About Flora Growth Corp.

Flora is building a connected, design-led collective of plant-based wellness and lifestyle brands that deliver the most compelling customer experiences in the world, one community at a time. As the operator of one of the largest outdoor cannabis cultivation facilities, Flora leverages natural, cost-effective cultivation practices to supply cannabis derivatives to its diverse business divisions of cosmetics, hemp textiles, and food and beverage. Visit www.floragrowth.com or follow @floragrowthcorp on social for more information.

Cautionary Statement Concerning Forward-Looking Statements
This document contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: the size of markets for cannabis and cannabis products; the collaboration with third parties; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this document and other statements made from time to time by us or our representatives may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, or the forward-looking events discussed in this document and other statements made from time to time by us or our representatives not occurring, except as may be required by applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211206005279/en/

Investor Relations:

Evan Veryard

evan.veryard@floragrowth.com

Public Relations:

Cassandra Dowell

+1 (858) 264-6600

flora@cmwmedia.com

Source: Flora Growth Corp.

FAQ

What is Flora Growth Corp's revenue guidance for 2022?

Flora Growth Corp. has projected a revenue guidance of $35-45 Million for 2022.

When is the webinar for Flora Growth Corp scheduled?

The webinar for Flora Growth Corp. is scheduled for December 14 at 4:30 p.m. ET.

What brands are contributing to Flora Growth's 2022 revenue?

The revenue guidance includes contributions from the newly acquired Vessel Brand and wholesale cannabis revenues from Cosechemos.

What type of company is Flora Growth Corp?

Flora Growth Corp. is a leading outdoor cultivator and manufacturer of cannabis products.

What will Flora Growth's CEO discuss in the upcoming webinar?

CEO Luis Merchan will provide an update on operational performance for 2021 and the financial guidance for 2022 during the webinar.