Luis Merchan

Flora Growth Announces New CEO & Board Member Flora Growth Corp. (NASDAQ: FLGC) confirmed that Luis Merchan opted to step down as both chairman of the board and chief executive officer. The board appointed JustCBD founder Hussein Rakine as his replacement. “We are honored to have the...

Cannabis company Skymint has been going through a rough patch lately. Its CEO and chairman, Jeff Radway, who founded Skymint in 2018, bid farewell to his team in an email on April 18, thanking them for the memories and the ride of a lifetime, as first reported by Crain’s Detroit. Radway has...

Flora Growth Corp. (NASDAQ: FLGC) has named Hussein Rakine as its new CEO and board member. Rakine is no stranger to Flora, having founded Just Brands LLC in 2017, which was later acquired by Flora in February 2022. His experience at the helm of Just Brands LLC makes him a strong candidate for the...

At the Benzinga Cannabis Capital Conference, top executives in the cannabis industry convened to discuss the effects of consolidating a global cannabis supply chain, which can lead to improved efficiency and competitiveness for businesses. The conference brought together major players in the...

Flora Growth Corp. (NASDAQ: FLGC) FY 2022 revenue was $37.2 million, a 314% increase year-over-year. This was primarily driven by the House of Brands businesses. Q4 2022, revenue was $11.5 million, a 7% sequential increase from Q3 2022. FY2022 Financial Highlights Gross profit increased by 494%...

Flora Growth Corp. (NASDAQ: FLGC) has begun distribution of its House of Brands product offering through the Juan Valdez coffeehouse chain. The agreement was signed with Procafecol S.A., the parent company of Juan Valdez, a Colombian coffee brand and a chain of coffeehouses in Colombia. Via this...

Flora Growth Corp. (NASDAQ: FLGC) announced its 2023 revenue guidance of $90 million - $105 million via press release and a live webcast hosted by the company's chairman and CEO, Luis Merchan. “We are pleased to announce that we will meet our guidance for 2022 and are issuing...

Flora Growth Corp. (NASDAQ: FLGC) on December 23, 2022, it closed the acquisition of all of the issued and outstanding shares of Franchise Global Health Inc. (TSXV:FGH). “We view this acquisition as transformational as Flora pursues its strategic growth plan to lead the global market for...

Flora Growth Corp. (NASDAQ: FLGC) released its financial and operating results for the third quarter ended September 30, 2022, revealing total revenue for the quarter was $10.8 million, an increase of 414% year over year, driven by Flora’s House of Brands division, which includes the...

Living with fibromyalgia is challenging and painful. Those suffering from this illness also experience fatigue and cognitive difficulties that can provoke unpleasant ups and downs. A disorder that affects women twice as often as men thankfully can be treated with cannabis. A recent study...

Flora Growth Corp. (NASDAQ: FLGC) announced the completion of its new laboratory, specializing in the manufacturing of compound formulations utilizing cannabis derivatives and traditional master formulas. Located in Bogota, Colombia, Flora Lab 4 will become part of Flora’s group of...

Flora Growth Corp. (NASDAQ: FLGC), an all-outdoor cultivator, manufacturer and distributor of global cannabis products and brands, has signed a definitive agreement to acquire 100% of Franchise Global Health Inc. (TSXV:FGH), a multi-national operator in the medical cannabis and pharmaceutical...

Flora Growth Corp. (NASDAQ: FLGC), has completed its first exports of Colombian grown high-CBD dried cannabis flower to Switzerland and the Czech Republic as well as CBD isolate to the United States. “As our global distribution network continues to evolve, adding these three industry-leading...

Merger and acquisition activity in the cannabis space has accelerated in 2022 and looks poised to continue to pick up with markets trending lower on continued inflation concerns. Several cannabis executives discussed potential opportunities Tuesday at Benzinga's Cannabis...

Just Brands LLC, a wholly-owned subsidiary of Flora Growth Corp. (NASDAQ: FLGC), has acquired substantially all of the assets pertaining to the brand No Cap Hemp Co. The company acquired the No Cap assets without paying any consideration at closing. Instead, Flora will pay to the sellers, 10% of...