Global Cannabis Producer Expands Footprint In Germany Via Partnership With Local MMJ Company
Portfolio Pulse from Jelena Martinovic
Flora Growth Corp. (NASDAQ:FLGC) has partnered with TruHC Pharma GmbH, a medical cannabis expert based in Germany. TruHC holds an EU-GDP certification and is expected to receive an EU-GMP license by the end of September. As part of the deal, Hendrik Knopp, a key figure in Germany's medical cannabis landscape, will join Flora's management team. The partnership follows Germany's cabinet approving a marijuana legalization bill. Flora's shares traded 1.4706% higher at $2.07 per share.
August 18, 2023 | 3:37 pm
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Flora Growth Corp. has partnered with TruHC Pharma GmbH, expanding its footprint in Germany. This comes as Germany moves towards marijuana legalization, potentially opening up a new market for Flora.
The partnership with TruHC allows Flora to expand its footprint in Germany, a country that is moving towards marijuana legalization. This could potentially open up a new market for Flora, hence the positive impact on its stock.
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