CannabisNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Marks Milestone With Receipt Of 2021 Commercial Export Quota Of Psychoactive Cannabis Flower From Colombian Government

Flora Growth (NASDAQ: FLGC), a leading all-outdoor cultivator and manufacturer of global cannabis products and brands, has received its export quota from the Colombian Technical Quotas Group (“TQG”) of 7,900 kilograms of high-THC cannabis dried flower; the company anticipates using the dried for direct sale or to process into derivative products that will be exported.

FLGC has already signed numerous agreements for the sale and distribution of the dried as well as derivative products into several international jurisdictions, including South Africa, Australia, Latin America, and the European Union. FLGC management stated that receiving the quota was a milestone for the company and noted that the new 2021 export quota allocation should be sufficient for the company to meet the international demand for its products for the remainder of 2021 and into 2022. According to the company, the highest prices in the industry are in the psychoactive cannabis market, with the average wholesale price of THC distillate oil projected to reach anywhere from $3,500 to $8,000 per kilogram.

“We have been eagerly anticipating and preparing for this announcement by cloning thousands of plants, which we currently have in propagation waiting to be transferred into our fields,” said Flora Growth …

Full story available on Benzinga.com

More CannabisNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Marks Milestone With Receipt Of 2021 Commercial Export Quota Of Psychoactive Cannabis Flower From Colombian Government