October 08, 2024 9:10 AM EDT | Source: Flora Growth Corp.
Fort Lauderdale, Florida– (Newsfile Corp. – October 8, 2024) – Flora Growth Corp. (NASDAQ: FLGC) (FSE: 7301) (“Flora” or the “Company”) is pleased to announce a cooperation agreement with Flowzz .com, marking its expansion into the German e-commerce field. This partnership will create a dedicated Flora e-commerce store on the Flowzz Webshop, integrating the wide range of Flora products into one of the most popular cannabis markets in Germany. Flora will be exclusive to accessories, cannabis seeds, cuttings and seeds.
Under the agreement, Flora will showcase its entire product line on the Flowzz platform. This includes existing store items, cannabis strains, cannabis flowers, and Vessel products, which will now be easily accessible to customers through Flowzz’s user-friendly interface. Flowzz will oversee the creation, ongoing maintenance, and marketing of the Flora Flowzz page, while Flora will handle all aspects of order fulfillment to ensure customer satisfaction. The Flowzz e-commerce infrastructure and targeted promotion strategy will play a role in driving traffic to the Flora Flowzz page.
“German pharmacists, doctors and consumers have trusted Flowzz with its e-commerce engine to educate and buy cannabis products. By developing Flowzz’s advanced e-commerce platform, we can reach a wider audience and improve our customer experience in Germany. This partnership shows our commitment to growing in the area of digital,” said Clifford Starke, Chief Executive Officer.
Flowzz.com is a powerful e-commerce platform active in the distribution of cannabis products, accessories, and health solutions throughout Europe. This platform has detailed information about cannabis types, prices, quantities and important information about the brand. Since its inception, it has gained recognition for its seamless shopping experience, product offerings, and customer-centric approach. Flowzz has built an impressive portfolio of partnerships with cannabis brands and has distinguished itself as a trusted source for both medical and recreational cannabis products.
On April 1, 2024, Germany legalized recreational cannabis. With nearly 230,000 medical cannabis patients yet to be legally registered, Germany continues to lead the way in European medical cannabis. This only represents 0.28% of the German population. As of February 2024, it was estimated that 4.5 million Germans use cannabis. Following Germany are Italy, the Netherlands, Poland, Denmark, and the Czech Republic, with the number of cannabis patients in Europe estimated at 500,000 in 2024, and a 500% growth is expected in the next five years. With Germany emerging as one of the largest cannabis markets in the world, this regulatory change is expected to increase growth in both product demand and revenue opportunities. “This partnership is in line with our goal of providing high-quality cannabis products through an accessible online experience. We want to work together with Flowzz to provide a new shopping experience for our customers in Germany,” concluded Mr. Stark.
About Flowzz.com
Flowzz.com is a leading online site specializing in cannabis products, offering a comprehensive selection of high-quality products through an intuitive and user-friendly platform. Flowzz is committed to providing exceptional customer service and promoting the best products in the cannabis industry.
History of Flora Growth Corp.
The role of Flora Growth Corp. is to be the leading NASDAQ small-cap global cannabis company. Flora is the leading consumer-facing cannabis products and pharmaceutical distributor serving all 50 states and 28 countries with 20,000+ distribution points worldwide. For more information about Flora, visit www.floragrowth.com.
https://justcbdstore.com/
https://www.vesselbrand.com/
https://www.phatebo.de/home-en
https://www.australianvaporizers.com.au/
A Cautionary Statement About Looking Ahead
This press release contains “forward-looking statements,” as defined by US federal regulations. Forward-looking statements reflect Flora’s current expectations and assumptions about future events at that time, and therefore involve uncertainty and risk. The words “believe,” “expect,” “hope,” “will,” “may,” “would,” “should,” “may,” “plan,” “imagine,” “aim,” “predict,” “think,” “predict,” “probable,” “continue,” and negatives of these words and similar expressions often indicate forward-looking speech. These forward-looking statements include, but are not limited to, statements about: the establishment of a dedicated Flora e-commerce store on the Flowzz website, the integration of the various Flora products into the Flowzz network, Flora presenting the product line. on the Flowzz platform, Flora handling all aspects of the implementation of the system, Flora is specialized for accessories, cannabis seeds, cuttings and seedlings with Flowzz, the total number of cannabis patients in Europe is estimated to be 500 thousand in 500, and the growth is about 500%. In the next five years, Flowzz infrastructure and targeted promotion methods will play a role in driving traffic to the Flora e-commerce store, Flora reaching a wider audience and promoting customer engagement in Germany, and the Flora e-commerce store will be launched. are subject to various risks and uncertainties, including those described under the section entitled “Risk Factors” in Flora’s Annual Report on Form 10-K filed with the United States Securities and Exchange Commission (the “SEC”) on March 28, 2024, as such information may be updated from time to time in Flora’s periodic filings with the SEC, which are available on the SEC’s website at www.sec.gov/edgar. Accordingly, there are or will be material factors that could cause actual results or outcomes to differ materially from those expressed in these statements. These materials should not be considered exhaustive and should be read in conjunction with other cautionary statements included in this release and in Flora’s filings with the SEC. While forward-looking statements represent Flora’s good faith, they are not guarantees of future performance. Flora disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in the underlying assumptions or factors, new information, data or methods, future events or other changes after the date of the press release, unless required by applicable law. You should not place undue reliance on any forward-looking statements, which are based on information currently available to Flora (or to third parties making forward-looking statements).
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/225946
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