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Benzinga
Benzinga
Business
Natan Ponieman

EXCLUSIVE: How Are Cannabis Companies Navigating The Current Capital Dry Spell?

Raising capital in the current market is proving to be increasingly challenging for cannabis companies today.

“The current cycle in which we’re in has brought valuations to a significantly low level,” says Luis Merchan, president and CEO of Flora Growth (NASDAQ:FLGC), “so cost of capital is exceptionally high right now.”

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