Why Shares of Flora Growth Soared Wednesday

why shares of flora growth soared wednesday

Sumary of Why Shares of Flora Growth Soared Wednesday:

  • The Canadian company, which has growing fields in Colombia, produces cannabis products and brands.
  • Last week, Flora said it had received its 2021 export quote from the Colombian Technical Quotas Group to allow the company to cultivate 7,900 kilograms (roughly 17,416 pounds) of high-THC cannabis flower to sell or use in products to international markets.
  • Flora says it utilizes a big advantage in lower costs by growing its cannabis in Colombia because a year-round outdoor growing season and lower labor costs allow it to produce cannabis at $0.06 a gram.

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