During a recent episode of Benzinga’s Cannabis Insider, Jessie Casner, the Chief Marketing Officer of Flora Growth, discussed her journey in the cannabis industry and the multinational operations of Flora Growth. Casner highlighted the significance of grassroots marketing and community building in the cannabis industry due to the restrictions on traditional advertising channels. She believes the cannabis industry has a unique opportunity to establish a strong brand through quality products and targeted marketing efforts.
The cannabis industry is experiencing rapid expansion, with 148 million Americans residing in adult-use states and 248 million in medical-use states. Despite this growth, most cannabis marketers classify their companies as “small businesses” with marketing budgets of less than $50,000. A report by New Frontier’s NXTeck division discovered that cannabis marketers are underutilizing or misusing channels that typically perform well. The report recommended increasing the tracking of key performance indicators, conducting more A/B testing of campaign variations, and utilizing digital media.
Nasdaq offers a range of services for the cannabis industry, including trade surveillance, trading and matching technology, and governance solutions. Benzinga’s Cannabis Insider is a bi-weekly podcast that focuses on marijuana, CBD, hemp, psychedelics, and all things weed.
FLGC Stock Performance: A Closer Look at the Volatile Stock and What it Means for Investors
FLGC Stock Performance: What You Need to Know
FLGC stock, a relatively unknown company, has been in the news lately due to its volatile stock performance. The stock has been trading in a narrow range for the past few months, and investors wonder if it’s worth investing in. Let’s look at the stock’s performance and what it means for investors.
First, let’s look at the data provided by CNN Money. The previous close for FLGC stock was 0.23, and today’s open was 0.23. The day’s range was between 0.23 and 0.24, with a volume of 21,969. The average volume for the past three months was 1,568,043, which means the current book is significantly lower than the average.
FLGC stock has no market cap data available, and there is no information on its earnings growth or revenue growth for the past year. The P/E ratio is NM, meaning the company has no reported earnings. No data is available on the price/sales or price/book ratios, and no competitors are listed for the company.
FLGC stock’s next reporting date is April 3, 2023, and the EPS forecast for this quarter is -$0.07. The company’s annual revenue and profit for the past year are also unavailable, and there is no information on its net profit margin.
The sector and industry for FLGC stock are also not listed, and there are no executives to display. The corporate headquarters are also not listed, which may cause some investors to concern.
Overall, FLGC stock’s performance is not very promising, with no earnings or revenue growth data and a negative EPS forecast for this quarter. The lack of information on the company’s sector, industry, and corporate headquarters may also be a red flag for some investors. However, it’s important to note that investing in a relatively unknown company like FLGC stock carries a higher level of risk than investing in established companies with a proven track record.
Investors should do due diligence before investing in FLGC stock or any other company. It’s also essential to have a diversified portfolio to reduce risk and to consult with a financial advisor if needed.
Flora Growth Corp (FLGC) Stock Analysis: Impressive Performance and Promising Growth Prospects in the Cannabis Industry
Flora Growth Corp (FLGC) is a cannabis company that has been garnering attention in the stock market due to its recent performance. According to data from CNN Money, the company’s stock has a median target of 1.13, with a high estimate of 1.25 and a low estimate of 1.00, as projected by two analysts offering 12-month price forecasts. The median estimate represents a whopping +386.80% increase from the last price of 0.23.
The recent performance of FLGC has been impressive, with the company reporting $13.0M in sales for the current quarter. However, the earnings per share for the same period was -$0.07, indicating that the company is still incurring losses.
Despite the current financial situation, the consensus among three polled investment analysts is to buy stock in Flora Growth Corp. This rating had remained steady since January, when it was unchanged from a buy rating.
The cannabis industry has increased recently, and Flora Growth Corp has positioned itself to exploit this trend. The company has a diverse portfolio of cannabis products, including CBD oils, topicals, and edibles. It has partnered with several major retailers, including Amazon, Walmart, and Shopify.
One of the factors driving the positive outlook for FLGC is the company’s expansion plans. Flora Growth Corp is currently working on establishing operations in several countries, including the United States, Canada, and Germany. The company has also announced plans to acquire several other cannabis companies to expand its product portfolio and market reach.
Investors looking to invest in the cannabis industry may want to consider FLGC. While the company is incurring losses, its long-term growth prospects are promising. The high median estimate of 1.13, as projected by analysts, indicates that the company’s stock has significant potential for growth in the future. The buy rating from investment analysts further adds to the bullish outlook for FLGC. However, investors should be aware of the risks associated with investing in a company still in the early stages of growth and operating in a highly regulated industry.