Flora Growth

Neutral
BETA

Building the world’s largest and lowest-cost vertically-integrated producer of organic cannabis products.

Analytics

Raised to Date: $30,987,300

Aggregate Commitments $
Platform

Issuance

Start Date

12/19/2019

Close Date

12/12/2020

Min. Goal

$10

Max. Goal

$50,000,000

Min. Investment

$1,000

Security Type

Equity - Common

Funding Type

RegA+

Weekly Commitments $
Status

Active

Reporting Date

11/30/2020

Days Remaining

10

% of Min. Goal

309,873,000%

% of Max. Goal

62%

Likelihood of Max
Avg. Daily Raise

$89,301

# of Investors

10,189

Momentum
Location
Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

AgriTech

Flora Growth, with a pre-money valuation of $57 million, is raising funds through Reg A+ crowdfunding. The company makes and sells high-quality organic CBD oils and derivatives. The products of Flora Growth find use in the worldwide cosmetic, pharmaceutical, and food and beverage industries. Flora Growth is led by Damian Lopez and Deborah Battiston. The current crowdfunding round has no minimum goal and a maximum goal of $50,000,000, and the proceeds will be used for research and development, working capital, and general corporate purposes. Flora Growth is fully licensed and plans to cultivate 100 hectares of cannabis, with Colombia as its hub for cannabis operations. The company has letters of intent with companies for CBD oil to be used in their coffees, juices, creams, lotions, capsules, and panela.

Balance Sheet

Cash and Cash Equivalents

$0

Investment Securities

$0

Total Investments

$0

Accounts and Notes Receivable

$238

Loans

$0

Property, Plant and Equipment (PP&E)

$0

Property and Equipment

$0

Total Assets

$238

Accounts Payable & Accrued Liabilities

$414,082

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$0

Total Liabilities

$414,082

Total Stockholders' Equity

$-413,844

Total Liabilities and Equity

$238

Statement of Comprehensive Income Information

Total Revenues

$0

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$1,899,714

Total Interest Expenses

$0

Depreciation and Amortization

$0

Net Income

$-1,899,714

Earnings Per Share - Basic

$-1

Earnings Per Share - Diluted

$-1

Auditor: McGovern Hurley LLP
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