Investor Ideas #Potcasts
615, #Cannabis News and #Stocks on the Move; Interview with President & CEO
of Flora Growth Corp (NASDAQ: $FLGC)
Delta, Kelowna, BC, December 1, 2021 (Investorideas.com
Newswire) www.Investoride, as.com, a global news source covering leading sectors
including marijuana and hemp stocks and its potcast site, www.potcasts.ca release today’s podcast edition of cannabis news and stocks to watch plus insight
from thought leaders and experts.
Listen to the podcast:
https://www.investorideas.com/Audio/Podcasts/2021/120121-StocksToWatch.mp3
Read this in full
at https://www.investorideas.com/news/2021/cannabis-potcasts/12011Interview-FLGC.asp
Hear Investor ideas cannabis potcast on iTunes
Hear the investor ideas potcast on Spotify
Today’s podcast overview/transcript:
Good
afternoon and welcome to another episode of Investorideas.com
"Potcast" featuring cannabis news, stocks to watch as well as
insights from thought leaders and experts.
In
today’s podcast Investorideas interviews Luis
Merchan, President & CEO of Flora Growth Corp. (NASDAQ: FLGC), where we discussed the recent
move by JP Morgan to stop trading on some cannabis stocks and how this impacts
the industry, how Flora Growth has developed as an international cannabis
company as well as how the industry is expanding internationally.
Luis Merchan, President and CEO of Flora Growth Corp., is a New
York & Miami-based executive with over a decade of proven experience in
enterprise sales management, corporate strategy, merchandising and expense
management, and customer experience. During Luis’ term as Flora CEO, the
company has added over 10,000 new investors, went public on the Nasdaq in May
2021, and now organized to support a portfolio of organic cannabis-based
products rapidly growing through acquisitions and partnerships.
Flora Growth Corp most recently signed a licensing agreement with luxury goods brand Tonino Lamborghini to sell cannabidiol-infused beverages in North America and Colombia.
The two companies will first launch
coffee infused with cannabidiol (CBD), a non-psychoactive compound of cannabis
that has found increased use as a relaxative.
"The cannabis market represents
a very interesting niche and we intend to offer a different luxury
experience," Tonino Lamborghini Chief Executive Officer Ferruccio
Lamborghini, whose grandfather founded the supercar brand, said in an email. He
added that his company has been in the coffee sector for over 30 years, with a
line of premium espresso blends.
Tonino Lamborghini is not affiliated
with the carmaker, now a unit of Volkswagen, but run by members of the
Lamborghini family.
Merchan discussed some of the
company’s other more recent announcements such as the recent acquisition of 100% of Vessel Brand Inc. for aggregate consideration of US$30M, consisting
of a combination of cash and the issuance of Flora common shares, their agreement with SHOWFIELDS to feature its two skincare brands, MIND Naturals
and Awe (Ô), at its flagship location in South Beach, Miami, as well as through
its online store as well as their agreement with with GlossWire to feature its two skincare
brands, MIND Naturals, and Awe (Ô), on GlossWire's digital beauty marketplace.
Flora Growth is the operator of one
of the largest outdoor cannabis cultivation facilities and Flora leverages
natural, cost-effective cultivation practices to supply cannabis derivatives to
its diverse business divisions of cosmetics, hemp textiles, and food and
beverage.
When asked about Flora’s production
coming out of Colombia, Merchan commented, “when you compare North American
cannabis cultivators to those of cultivators along the equator, you’re talking
about a cost efficiency comparison of about twenty-five times. Colombia has a
seasonless geography and an agricultural know-how that has existed for decades.
Cannabis is considered a specialty cut flower and in the 1990’s there was a
boom in specialty cut flowers South America and Colombia became the number one producer of cut flowers in
the world and that is still true today. It is one of the number two
exporters of flowers in the world and 70% of all the flowers that come into the
U.S. come from Colombia. When you combine these factors, agricultural know-how,
geography and cost, you’re able to reach production costs that cannot be
compared with North America. At Flora we have reached a production cost of
$0.06 per gram for dried flower, compared to over $1.00 from North American
counterparts. It’s important to highlight that we are also doing so with the
highest standards of quality, GACP certified, observing organic practices which
will help us become a global cannabis player in the short term.”
Merchan went on to discuss how he
expects this industry to evolve both internationally and domestically in the
U.S., how the company’s acquisition of Vessel is expected to strengthen Flora’s
growth and development and how specifically Flora has helped separate
themselves from some of their competitors.
Visit www.floragrowth.com
or follow @floragrowthcorp on social for more information.
Investor ideas reminds all
listeners to read our disclaimers and disclosures on the Investorideas.com
website and that this podcast is not an endorsement to buy products or services
or securities. Investors are reminded all investment involves risk and possible
loss of investment.
Learn more about
our cannabis podcasts at https://www.investorideas.com/Audio/Potcasts.asp
To hear more
Investorideas.com
podcasts visit: https://www.investorideas.com/Audio/.
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Investorideas.com podcasts are also available on iTunes ( Apple Podcasts)
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Potcasts is now a certified
word mark Trademark on the blockchain through Cognate, Inc. CM
Certification-Registration Number: 10468217708
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