Flora Growth (NASDAQ: FLGC), a consumer-packaged goods leader and pharmaceutical distributor, is partnering with Canopy Growth Corp. (NASDAQ: CGC) to distribute Canopy’s Storz & Bickel medical line of vaporizers. The two companies entered a distribution agreement outlining plants for Flora Growth’s subsidiary, Australian Vaporizers, to distribute the vaporizers throughout Australia, marking a key expansion of Flora’s footprint in the medical cannabis market in the Land Down Under. Flora will also benefit from Canopy Growth’s well-established global reputation and expertise in the medical cannabis space.
“Canopy Growth is a market leader with a $400 million market capitalization,” said Flora Growth chair and CEO Clifford Starke in the press release. “We are very much interested in partnering with Canopy Growth to bring their highly regarded Storz vaporizers to the Australian market. With Australian Vaporizers at the forefront of this initiative, we are confident that our distribution of Canopy’s Storz products will further enhance the standard of care for medical cannabis patients in Australia.”
To view the full press release, visit https://ibn.fm/vXT6t
About Flora Growth Corp.
Flora Growth is on a mission to become the leading NASDAQ small-cap international cannabis company. The company is a cannabis-focused, consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000-plus points of distribution around the world. For more information about the company, please visit www.FloraGrowth.com.
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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