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Benzinga
Benzinga
Business
Nicolás Jose Rodriguez

Integrating Cannabis Supply Chains: Meet Luis Merchan Of Flora Growth, A Globally-Expanding Cannabis Company

Flora Luis Merchan Supply chain Nasdaq FLGC European Union Oil

Flora Growth Corporation (NASDAQ: FLGC), a vertically integrated cannabis company, entered the industry intending to become the world’s largest producer of low-cost, naturally grown medicinal-grade cannabis oils and extracts in the world. 
Since then, Flora reported it has entered into a strategic partnership with Hoshi International to increase its presence in Portugal, Malta and the EU while expanding its brand portfolio and retail presence.  

“The fiscal year 2021 was a foundational year for our company as we closed our first full year of revenues,” Luis Merchan, chairman and CEO of Flora, said. “In 2022 we anticipate accelerating revenue growth as we activate our Wholesale and Life Sciences growth pillars while fueling expansion in our global House of Brands.”

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