Tag: Flora Growth

StaffNovember 8, 2023
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BusinessDaily Hit

The Daily Hit: November 8, 2023

5min00
The Daily Hit is a recap of the top financial news stories for Nov. 8, 2023. On the Site Ohio Voters Say Yes to Adult-Use Marijuana On Tuesday night, Ohio voters approved Issue 2, a measure to legalize and regulate recreational marijuana for adults statewide. As of 9:35 p.m. ET, the “Yes” vote leads with […]
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StaffJanuary 30, 2023
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BusinessDaily Hit

Daily Hit: January 30, 2023

8min00
The Daily Hit is a recap of the top financial news stories for January 30, 2023. On the Site IIP An investor group is suing Innovative Industrial Properties (IIP)  (NYSE: IIPR) for not doing proper due diligence in its Kings Garden investment. Investor Michael Mallozzi originally sued IIP in April 2022, when the Blue Orca […]
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StaffMay 10, 2022
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Business

Flora Growth Reiterates Guidance For 2022

3min00
Flora Growth Corp. (NASDAQ: FLGC)  reported its financial results for the fiscal year ended December 31, 2021 with total revenue of approximately $9.0 million. The net loss for the year was $21 million, which increased over the previous year’s net loss of $14 million. Revenue for the period was significantly higher when compared to the […]
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Debra BorchardtFebruary 28, 2022
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Business

Flora Growth Stock Pops On JustCBD Acquisition

4min00
Flora Growth Corp. (NASDAQ: FLGC) has purchased  Just Brands LLC and High Roller Private Label LLC for cash consideration of $16 million and 9.5 million privately issued Flora common shares. Just Brands and High Roller are the owners of the JustCBD brand and associated operations. JustCBD generated audited revenues of $28 million and EBITDA of […]
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