The U.S. cannabis industry is growing at an unparalleled pace. Sales for 2021 are estimated to finish at $31 billion, an increase of 41% over 2020. (4) And yet, despite this positive sales growth, cannabis stocks slumped in the second half of 2021. Think about it. Sales up, revenues up, growth flourishing – stock prices down? This screams opportunity and Flora Growth Corp (NASDAQ:FLGC) could be a perfect example. In fact, not one, but two Wall Street analysts believe Flora could be unreasonably undervalued.
Analysts believe that Flora Growth Corp. stock could be surprisingly undervalued with a 5x upside potential (1). FLGC is now producing High-T-H-C crude oil in their EU-GMP compliant Cosechemos facility, unlocking a major revenue opportunity in the $16.47 billion global medical cannabis market. (2)(3). FLGC’s revenue projections for 2022 of $35-45M have ballooned higher compared to projections from 2021. Plus, the company has cushioned its cash balance by securing $34.5M in financing (4)(5).
FLGC is piling up major retail and distribution agreements:
– Walmart.com – Macy’s
– Tonino – FLGC will distribute food products to Colombia-based Tropi (6)(7)(8)(9)
FLGC strengthened its U.S. presence by acquiring Vessel Brand Inc. an industry leader in cannabis consumer technology with a trailing 12-months revenue of $6.6M and year-over-year growth of 90% (10).
Click HERE to read more about FLGC.
Other companies in Flora Growth’s space includes: Olaplex Hldgs (NASDAQ:OLPX), Revlon (NYSE:REV), Herbalife Nutrition (NYSE:HLF), Honest Co (NASDAQ:HNST) and Natural Health Trends (NASDAQ:NHTC). We believe that Flora is attractively valued relative to peers based on its low-cost structure, strong brand portfolio, and expanding global distribution.
Source 1: https://www.tipranks.com/stocks/flgc/forecast
Source 2: https://tinyurl.com/3yzndbdc
Source 3: https://tinyurl.com/3cscums2
Source 4: https://www.yahoo.com/now/flora-growth-provides-2022-revenue-120500184.html
Source 7:https://bit.ly/3KXRugH
Source 8: https://tinyurl.com/ynu8u7t4
Source 9: https://tinyurl.com/yck2dn9r
