/zigman2/quotes/225487779/composite FLGC +8.10%
Feb 04, 2022 (AB Digital via COMTEX) -- The U.S. cann-a-bis 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, cann-a-bis 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. /zigman2/quotes/225487779/composite FLGC +8.10% 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 cann-a-bis 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 cann-a-bis consumer technology with trailing 12-months revenue of $6.6M and year-over-year growth of 90% (10).
Click HERE to read more about FLGC.
Other companies in Flora Growth’s space includes: Olaplex Hldgs /zigman2/quotes/229722202/composite OLPX +2.34% , Revlon /zigman2/quotes/207032377/composite REV -4.80% , Herbalife Nutrition /zigman2/quotes/201199224/composite HLF +5.43% , Honest Co /zigman2/quotes/226449347/composite HNST +4.45% and Natural Health Trends /zigman2/quotes/202780172/composite NHTC -6.62% . We believe that Flora is attractively valued relative to peers based on its low-cost structure, strong brand portfolio, and expanding global distribution.
Source 2: https://tinyurl.com/3yzndbdc
Source 3: https://tinyurl.com/3cscums2
Source 7: https://bit.ly/3KXRugH
Source 8: https://tinyurl.com/ynu8u7t4
Source 9: https://tinyurl.com/yck2dn9r
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