What's Going On With Flora Growth Stock?
Portfolio Pulse from Erica Kollmann
Flora Growth Corp. (NASDAQ:FLGC) shares surged over 35% in the past five days, driven by optimism that the DEA may reschedule cannabis following comments from Vice President Kamala Harris and the German government's approval of cannabis legalization. Flora Growth, a multi-national cannabis company, operates in the US, Germany, Colombia, the UK, and Canada. Despite recent gains, a long-term forecast based on past performance suggests a potential decline in stock price.
March 25, 2024 | 4:42 pm
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Flora Growth Corp. shares have risen significantly due to renewed optimism around cannabis rescheduling by the DEA and German cannabis legalization.
The stock's recent surge is directly tied to positive regulatory developments and Vice President Kamala Harris's comments, which could lead to increased market opportunities for Flora Growth. However, the long-term forecast based on past performance suggests caution.
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