Feb. 6, 2022, 11:08 p.m. EST

Cannabis Companies Could be Set to Flourish in 2022 (FLGC,HLF,HNST,NHTC)

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Feb 06, 2022 (WallStreetPR via Comtex) -- The U.S. cannabis industry is growing at an unparalleled pace. Sales for 2021 are estimated to finish at $31 billion, an increase of 41% over 2020. (4) And yet, despite this positive sales growth, cannabis stocks slumped in the second half of 2021. Think about it. Sales up, revenues up, growth flourishing - stock prices down? This screams opportunity and Flora Growth Corp /zigman2/quotes/225487779/composite FLGC +8.10% could be a perfect example. In fact, not one, but two Wall Street analysts believe Flora could be unreasonably undervalued.

Analysts believe that Flora Growth Corp. stock could be surprisingly undervalued with a 5x upside potential (1). FLGC is now producing High-T-H-C crude oil in their EU-GMP compliant Cosechemos facility, unlocking a major revenue opportunity in the $16.47 billion global medical cannabis market. (2)(3). FLGC's revenue projections for 2022 of $35-45M have ballooned higher compared to projections from 2021. Plus, the company has cushioned its cash balance by securing $34.5M in financing (4)(5).

FLGC is piling up major retail and distribution agreements:

- Walmart.com - Macy's

- Tonino - FLGC will distribute food products to Colombia-based Tropi (6)(7)(8)(9)

FLGC strengthened its U.S. presence by acquiring Vessel Brand Inc. an industry leader in cannabis consumer technology with a trailing 12-months revenue of $6.6M and year-over-year growth of 90% (10).

Source 1: https://www.tipranks.com/stocks/flgc/forecast

Source 2: https://tinyurl.com/3yzndbdc

Source 3: https://tinyurl.com/3cscums2

Source 4: https://www.yahoo.com/now/flora-growth-provides-2022-revenue-120500184.html

Source 5: https://www.businesswire.com/news/home/20211123006169/en/Flora-Growth-Closes-34.5-Million-Public-Offering

Source 6: https://www.businesswire.com/news/home/20220104005419/en/Flora-Growth-Expands-Product-Distribution-Through-Walmart.com-and-Coppel-in-Mexico

Source 7: https://bit.ly/3KXRugH

Source 8: https://tinyurl.com/ynu8u7t4

Source 9: https://tinyurl.com/yck2dn9r

Source 10: https://www.businesswire.com/news/home/20211115005577/en/Flora-Growth-Completes-Acquisition-of-Vessel-Brand-Inc .

Please make sure to read and completely understand our disclaimer at https://www.wallstreetpr.com/disclaimer . While reading this article one must assume that we may be compensated for posting this content on our website.

The post Cannabis Companies Could be Set to Flourish in 2022 (FLGC,HLF,HNST,NHTC) appeared first on Wall Street PR .

COMTEX_401903522/2770/2022-02-06T23:08:11

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

/zigman2/quotes/225487779/composite
US : U.S.: Nasdaq
$ 0.66
+0.05 +8.10%
Volume: 308,546
July 1, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$39.97 million
Rev. per Employee
$32,419
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