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| Nearly half the country has legalized medical cannabis, recreational marijuana or both as of 2024. The U.S. election brought a flurry of eyes onto the legal cannabis space as speculation grows on whether the federal ban will be lifted. President Trump has secured another term in office, and he has been vocal about his support of the plant on many occasions. This bodes well for legal marijuana stocks including Flora Growth Corp. (NASDAQ: FLGC), who manufactures and distributes consumer packaged goods, medicinal cannabis and pharmaceutical products in all 50 states and 28 countries with 20,000+ points of distribution around the world. FLGC’s goal is to become the leading NASDAQ small cap international cannabis company. FLGC commends the President-Elect for his statements in support of cannabis reform and urges his administration to prioritize these critical reforms around rescheduling and SAFE banking that will create economic growth, address inequities, and open pathways for significant advancements in the space. The company also views this as a win for the hemp industry and smoke shops.This would be perfect timing as FLGC is bringing its hemp-infused Cola to the market! This was the Company's next product offering in the rapidly expanding beverages market following the introduction of Melo, Flora's first beverage, and continues the Company's strategic expansion into the thriving beverage sector. The launch of Cola will be supported by an extensive distribution network, leveraging traditional retail channels, U.S. distributors, and liquor stores. The target market for this Cola includes both the mainstream cola market and the emerging demand for hemp-based products. FLGC has established itself with one of the best-selling gummies on the market and is now channeling that same dedication and expertise into the THC-infused beverage category.
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