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More companies

Flora Growth (FLGC)

Sector - Consumer Discretionary

Price chart

-34%
Return from IPO

Company News

IPO Profile

About company

Company Logo
They cultivate and process natural, medicinal-grade cannabis oil and high quality cannabis derived medical and wellbeing products and intend to supply these premium products to large channel distributors, including pharmacies, medical clinics, and cosmetic companies. They are an early-stage private company headquartered in Canada. Their agricultural and processing operations are in Colombia. They are an emerging growth company and just began to generate revenues in August 2020 through their Flora Beauty LLC and Hemp Textiles subsidiaries, and in December 2020 following acquisitions of their Cronomed, Breeze, and Kasa subsidiaries. They will require the funding from this offering to begin to plant, grow and harvest their cannabis products on a commercial scale, to produce oil extracts, to access needed facilities and labor and to achieve large channel distribution of their products. They have developed in-house brands and have completed accretive acquisitions to capitalize on consumer and competitive trends. These divisions fit within the health and wellness space, where they estimate revenue growth can be accelerated with their anticipated new product offerings derived from their cannabinoid or CBD oil. They have not yet produced commercial grade oil extracts and will require adequate proceeds generated from this offering to do so.
Industry
Medicinal Chemicals & Products
CEO CFO
Luis Merchan Deborah Battiston
Employees Founded
35 2019

Contacts

Address: 65 Queen Street West, Suite 900 Toronto, Ontario M5h 2m5

Telephone: 1 (416) 861-2267

Web page: http://www.floragrowth.ca

IPO information

First Trade Date 5/11/2021
Status Priced
Exchange NASDAQ
Lockup Period Expiration .Pro
Quiet Period Expiration .Pro
Old Price Range
-
Share prices ($)

Shares & Volumes

Shares Initial (MM) 3.3
Shares Revised (MM) 3.3
Expected offer amount (MM) $15
Realized offer amount(MM) $16.5

Financial Data (last reporting year)

Market Cap (MM) $189.09
Revenues (MM) $0.11
Net Income (Loss) (MM) $-14.33

Voting

What do you think will happen with the FLGC share price after the next 3-6 months? 🔥 (+ 10% or more, flat (+ -10%), -10% or less)

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The lead left underwriter: Boustead Securities

IPOs led by the firm .Pro
Profitability of conducted IPOs  ?  .Pro
1st day change  ?  .Pro
Change for the first 3 months  ?  .Pro
Underwriters
Boustead Securities
CO-Managers

Sector: Consumer Discretionary

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