Flora Growth Forms Joint Venture With Althea Group Called 'Peak USA JV LLC' To Create Leading Beverages Brand In U.S. Market
Portfolio Pulse from Benzinga Newsdesk
Flora Growth Corp. (NASDAQ: FLGC) has formed a joint venture with Althea Group Holdings to create Peak USA JV LLC, aiming to capitalize on the U.S. beverages market, particularly in cannabis-infused beverages. Each company contributed $250,000 to the venture.
June 04, 2024 | 1:21 pm
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Flora Growth Corp. has formed a joint venture with Althea Group to create Peak USA JV LLC, targeting the U.S. cannabis-infused beverages market. This move could significantly boost Flora's market presence and revenue potential in the U.S.
The joint venture with Althea Group positions Flora Growth to leverage its brand-launching expertise and Althea's processing experience, potentially capturing a significant share of the emerging U.S. cannabis-infused beverages market.
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