Flora Growth Enters $220M Cannabis Beverage Market With New Facility, Using Peak's Technology
Portfolio Pulse from Rolando García
Flora Growth Corp. (NASDAQ:FLGC) has announced the development of a new specialized beverage facility, marking its entry into the $220 million U.S. THC-infused beverage market. The facility uses technology from Peak, a leading Canadian cannabis beverage producer, to deliver high-quality products and gain a competitive edge. The U.S. market for THC-infused beverages is expected to grow significantly, with projections reaching half a billion dollars by 2030.
October 22, 2024 | 5:00 pm
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Flora Growth Corp. has launched a new beverage facility to enter the U.S. THC-infused beverage market, leveraging technology from Peak to ensure high-quality products and competitive advantage. This positions Flora to capitalize on the growing demand in this sector.
The announcement of a new facility specifically for THC-infused beverages positions Flora Growth to capitalize on a rapidly growing market. The use of Peak's technology, a leader in the Canadian market, suggests a strong potential for success and market penetration in the U.S. This strategic move is likely to positively impact FLGC's stock in the short term as it aligns with market growth trends.
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