Flora Growth Expands Product Distribution Through Walmart.com and Coppel in Mexico
04 January 2022 - 11:05PM
Business Wire
Flora Growth Corp. (NASDAQ: FLGC) (“Flora” or the “Company”), a
leading all-outdoor cultivator and manufacturer of global cannabis
products, announced today that its Mind Naturals skincare brand has
launched sales through Walmart.com and Coppel, a nationwide
department store in Mexico. The launch includes 12 products from
the Mind Naturals portfolio, initially on e-commerce with
subsequent plans to sell in brick and mortar retail locations.
This launch expands upon last month’s initial orders for Mind
Naturals to Mexico and Spain. Walmart is one of the leading retail
chains in Central America, while Coppel has 1,253 stores in Mexico.
It is estimated that the global market for cannabis and its
derivatives will generate sales of 102 billion dollars by 2026, and
Mexico is expected to be one of the countries with the highest
commercialization of CBD products.
Flora Beauty’s Mind Naturals is an inclusive brand that uses
premium CBD and quality, clean ingredients to create their product
line. They were named a trendsetting brand at CosmoProf North
America in 2021 for their innovation in sustainable packaging. In
December, they were a top 12 finalist in Glosswire’s Global Pitch
Competition, which includes beauty brands from across the
globe.
“We are excited to begin bringing high-quality, sustainable CBD
skincare products to Mexico,” said Luis Merchan, CEO of Flora
Growth Corp. “This agreement represents our first foray into the
Mexican market and furthers our global foothold as a leader in
plant-based wellness and lifestyle brands. As the cannabis market
continues its rapid expansion across the globe and into various
sectors, we are poised to meet the needs of the market at every
touch point.”
About Flora Growth Corp.
Flora is building a connected, design-led collective of
plant-based wellness and lifestyle brands that deliver the most
compelling customer experiences in the world, one community at a
time. As the operator of one of the largest outdoor cannabis
cultivation facilities, Flora leverages natural, cost-effective
cultivation practices to supply cannabis derivatives to its diverse
business divisions of cosmetics, hemp textiles, and food and
beverage. Visit www.floragrowth.com or follow @floragrowthcorp on
social for more information.
Cautionary Statement Concerning Forward-Looking
Statements
This document contains forward-looking statements. In addition,
from time to time, we or our representatives may make
forward-looking statements orally or in writing. We base these
forward-looking statements on our expectations and projections
about future events, which we derive from the information currently
available to us. Such forward-looking statements relate to future
events or our future performance, including: the size of markets
for cannabis and cannabis products; the collaboration with third
parties; and our business prospects and opportunities. You can
identify forward-looking statements by those that are not
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version on businesswire.com: https://www.businesswire.com/news/home/20220104005419/en/
Investor Relations: Evan Veryard
evan.veryard@floragrowth.com
Public Relations: Cassandra Dowell +1 (858) 264-6600
flora@cmwmedia.com
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