- Matterport, Inc. (MTTR)- Did MTTR shake out weak hands.... GBA UPGRADE TO POSITIVE VIEW-22.04+1.72 (+8.46%) At close: November 5 4:00PM EDT
Flora Growth(FLGC) The first cannabis stock we’ll look at is Flora Growth, a Colombian-based company with operations in North American and European cannabis markets. Flora Growth has a wide portfolio of cannabis products, including skin care, food, and beverages, based on in-house production of natural, high-quality cannabis and cannabis derivatives. The company acknowledges that the cannabis industry faces a great deal of uncertainty – much of that deriving from the uneven legal regimes in the US – and aims to counter that with consistently reliable high-quality products that will meet regulatory standards in target markets. Flora Growth cultivates its crop at its wholly-owned growth facility in Bucaramanga, Colombia. The location covers over 247 acres of prime cultivation land, with 12.5 hours average daily sunlight and six natural water springs. The facility is one of the world’s largest outdoor cannabis grow sites. In May of this year, Flora Growth announced its IPO, putting 3,333,333 shares of stock on the US markets at $5 each. The IPO raised over $16.66 million in gross proceeds, and the company has a current market cap of $192.5 million. Flora Growth reported a cash balance of $19 million as of June 30, along with revenues of $2 million for the first half of 2021. The revenue total was up dramatically from 1H20, which saw just $100,000 in revenues. Looking ahead to the second half of 2021, the company expects the top line to come in between $9 million and $11 million. More than 100% Growth<----- Roth Capital's Fortune sees Flora Growth’s Colombian roots as the supporting factor in the company’s expansion. He explains, “We believe FLGC is uniquely positioned as a leading of cannabis through its Colombian cultivation, with an emerging international medical cannabis opportunity after Colombia's recent decree to allow flower exports. FLGC is building a global distribution network to sell a broad portfolio of wholesale and in-house branded CBD/THC products. We believe recent Colombian regulatory changes provide significant growth opportunities for LatAm/European cannabis exportation.” ////////// Interesting on a few levels. A) Colombia's recent decree to allow flower exports.<-- Huge B) low-cost producer margins margins margins.... C) At IPO price Any US Gov change in Banking rules or legality won't affect Colombia but a lot of headaches that US growers and suppliers have also will not be felt in Colombia. If Colombia has realized that Ganja is a source of funds, they have the land they have the sun, the guns and the low cost workers. A few years ago a couple real smart dudes-one was from Goldman and a few others they up and left the US to start a Int fund that would be growing Pot in Colombia. I was going to be a early investor! It never got off the ground. I think everyone is dead,. I don't know what happened; things went very quiet... But once again that's positive for these guys. GBA ASSUMING COVERAGE OF FLORA GROWTH WITH A FOMO RATING.
Van check the in by date on the Div here.... ONLY THE SAVANT would look today.... is it a sign? Have You Ever Tried The Dividend Game.? Is Copper going up or down these days?
That reminds me of the LoveShacK. I saw a commercial for them the other day, apparently they offer an embedded surround sound speaker system in their sectionals. Are you still in LOVE btw? The stock, not Nasstassia.
WOW OPHRA IS GOING TO BE PISSED! Love that marketing!! If you notice it's not quite an "o" it has an apple top in an ODE'!! BIG $$$$$$$$$$$$$$$$