TinyGemsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Issues 2023 Forecasted Revenue Anticipating >100% YOY Growth

Flora (NASDAQ: FLGC), a leading all-outdoor cultivator, manufacturer and distributor of global cannabis products and brands, today announced revenue guidance of US$90 million to US$105 million for fiscal year 2023. Flora’s 2023 revenue guidance reflects expected organic growth in its House of Brands division and expansion of its Commercial & Wholesale division capabilities. In addition, the forecasted growth incorporates Flora’s new German-based business as established through the acquisition of Franchise Global Health. “We are pleased to announce that we will meet our guidance for 2022 and are issuing revenue guidance of $90 million – $105 million for the year 2023,” said Luis Merchan, chairman and CEO of Flora. “Our 2023 forecasted revenue range represents anticipated growth in excess of 100% over last year and highlights our continued momentum, despite a challenging macroeconomic backdrop that has disproportionately impacted the cannabis industry.”

To view the full press release, visit https://ibn.fm/WZnWi

About Flora Growth Corp.

Flora is building a connected, design-led collective of plant-based wellness and lifestyle brands, designed to deliver the most compelling customer experiences in the world, one community at a time. As the operator of one of the largest outdoor cannabis cultivation facilities, Flora leverages natural, cost-effective cultivation practices to supply cannabis derivatives to its commercial, house of brands and life sciences divisions. Visit www.FloraGrowth.com or follow @floragrowthcorp on social media for more information.

NOTE TO INVESTORS: The latest news and updates relating to FLGC are available in the company’s newsroom at https://ibn.fm/FLGC

About TinyGems

TinyGems is your guide to the best and brightest in the under-appreciated small-cap sector. As one of 50+ brands within the InvestorBrandNetwork (“IBN”), TinyGems provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN to reach millions of social media followers; and (5) a full array of corporate communications solutions. It’s time to uncover some of the best-kept secrets on Wall Street. TinyGems features innovative small-cap companies with huge potential, putting a spotlight on the best and brightest of these disruptors that have the technology, the talent, the drive, and the business models to make a huge impact in the markets and in portfolios. Whether it’s a game changing technology, a new more profitable product or service, or a star in a hot sector, TinyGems is the go-to source for actionable intelligence.

To receive SMS text alerts from TinyGems, text “Gems” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.TinyGems.com

Please see full terms of use and disclaimers on the TinyGems website applicable to all content provided by TinyGems, wherever published or re-published: https://www.TinyGems.com/Disclaimer

TinyGems
Los Angeles, California
www.TinyGems.com
310.299.1717 Office
Editor@TinyGems.com

TinyGems is part of the InvestorBrandNetwork.

Alex Pearon

Share
Published by
Alex Pearon

Recent Posts

TinyGemsBreaks – Frontieras North America Highlights Antifragile Energy Strategy as Global Markets Face Historic Disruption

CEO Matthew T. McKean outlines Mason County as proof point for scalable, domestically sourced energy…

8 hours ago

TinyGemsBreaks – ParaZero Technologies Ltd. (NASDAQ: PRZO) Secures Follow-On DefendAir Counter-Drone Order From Israeli Defense Entity

ParaZero Technologies (NASDAQ: PRZO) announced it has received an additional purchase order from an Israeli…

2 days ago

TinyGemsBreaks – Frontieras North America Marks Mason County Plant Groundbreaking With Ceremony in West Virginia

Frontieras North America held a groundbreaking ceremony in Point Pleasant, West Virginia, to mark the…

2 days ago

TinyGemsBreaks – Wheaton Precious Metals Corp. (NYSE: WPM) (TSX: WPM) Completes $4.3B Antamina Silver Stream Deal With BHP

Wheaton Precious Metals Corp. (WPM)This article has been disseminated on behalf of Wheaton Precious Metals…

6 days ago

TinyGemsBreaks – Rail Vision Ltd. (NASDAQ: RVSN) Reports 2025 Results, Highlights Revenue Growth and Global Expansion 

Rail Vision (NASDAQ: RVSN) reported financial results for the second half and full year ended Dec. 31, 2025,…

1 week ago

TinyGemsBreaks – Frontieras North America to Livestream April 2 Groundbreaking for First Commercial FASForm(TM) Plant

Frontieras North America will host a groundbreaking ceremony on Thursday, April 2, 2026, at 11:30…

1 week ago