Flora Growth Corp. (NASDAQ: FLGC) Breaks Out of M&A Gate in 2022

Toronto, CANADA

NEW YORK, March 04, 2022 (GLOBE NEWSWIRE) -- NetworkNewsAudio -- Flora Growth Corp. (NASDAQ: FLGC) announces the availability of a broadcast titled, “2022 Primed after 2021’s Record M&A Deals.”

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A record $5.9 trillion in M&A activity in 2021 may have reflected some pent-up demand from slower activity in the previous three years, catapulting 2021 to easily surpass the previous record set in 2015 of approximately $4.5 trillion. According to professional services firm PriceWaterhouseCoopers’ Deals 2022 Outlook, there were more “megadeals” (transactions of $5-plus billion) in 2021 than ever before and more than 800 deals between $500 million and $5 billion, far exceeding a typical year of 400 to 500. ...

Flora Growth Corp. is not only writing its own playbook on M&A, it’s also coming out the gate fast in 2022, strengthening fundamentals, hiring new key team members and closing another acquisition, one that will immediately add substantial revenue and earnings to the books. Flora Growth’s product portfolio spans a variety of verticals and diverse revenue streams now serving more than 500,000 customers, including but not limited to Tonino Lamborghini, Vessel Brand Inc., Stardog Loungewear, Mambe and Mind Naturals skincare, all goods carefully crafted and targeted for the end consumer.

About Flora Growth Corp.

Flora is building a connected, design-led collective of plant-based wellness and lifestyle brands delivering 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 diverse business divisions of cosmetics, hemp textiles, and food and beverage.

For more information about this company, visit www.FloraGrowth.ca or follow @floragrowthcorp on social.

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

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