Flora Growth Corp. (NASDAQ:FLGC), a manufacturer and distributor of global cannabis products and brands, reported late Monday its financial and operating results for the six months ended June 30, 2022. During the first half (H1) of 2022, Flora’s revenue increased to ~$15.0 million, up 604% compared to the same period of 2021 and 117% from the second half of 2021. Meanwhile, the firm’s gross profit increased to ~$7.0 million Year-Over-Year, up 547% and 363% compared to the second half of 2021.
In a recent press release, the company reaffirms its 2022 revenue guidance to range between $35.0 million - $45.0 million, indicating approximately 300% - 400% projected revenue growth from 2021.
