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Flora Growth Scheduled, Nasdaq: FLGC

Canadian developer of low-cost cannabis products in Colombia.

Industry: Consumer Discretionary

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First Day Return:

Return from IPO:

Industry: Consumer Discretionary

We cultivate and process natural, medicinal-grade cannabis oil and high quality cannabis derived medical and wellbeing products and intend to supply these premium products to large channel distributors, including pharmacies, medical clinics, and cosmetic companies. We are an early-stage private company headquartered in Canada. Our agricultural and processing operations are in Colombia. We are an emerging growth company and just began to generate revenues in August 2020 through our Flora Beauty LLC and Hemp Textiles subsidiaries, and in December 2020 following acquisitions of our Cronomed, Breeze, and Kasa subsidiaries. We will require the funding from this offering to begin to plant, grow and harvest our cannabis products on a commercial scale, to produce oil extracts, to access needed facilities and labor and to achieve large channel distribution of our products. We have developed in-house brands and have completed accretive acquisitions to capitalize on consumer and competitive trends. These divisions fit within the health and wellness space, where we estimate revenue growth can be accelerated with our anticipated new product offerings derived from our cannabinoid or CBD oil. We have not yet produced commercial grade oil extracts and will require adequate proceeds generated from this offering to do so.
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IPO News for Flora Growth
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IPO Data
IPO File Date 02/11/2021
Offer Price
Price Range $4.00 - $5.00
Offer Shares (mm) 3.3
Deal Size ($mm) $15
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date
Offer Price
Price Range $4.00 - $5.00
Offer Shares (mm) 3.3
Deal Size ($mm) $15
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Toronto, Canada
Founded 2019
Employees 44
Website www.floragrowth.ca