{"id":46110,"date":"2022-02-06T23:03:36","date_gmt":"2022-02-07T04:03:36","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=46110"},"modified":"2022-02-06T23:03:36","modified_gmt":"2022-02-07T04:03:36","slug":"cannabis-companies-could-be-set-to-flourish-in-2022-flgchlfhnstnhtc","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/cannabis-companies-could-be-set-to-flourish-in-2022-flgchlfhnstnhtc-46110","title":{"rendered":"Cannabis Companies Could be Set to Flourish in 2022 (FLGC,HLF,HNST,NHTC)"},"content":{"rendered":"

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 \u2013 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.<\/p>\n

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\u2019s 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).<\/p>\n

FLGC is piling up major retail and distribution agreements:<\/p>\n

\u2013 Walmart.com \u2013 Macy\u2019s<\/p>\n

\u2013 Tonino \u2013 FLGC will distribute food products to Colombia-based Tropi (6)(7)(8)(9)<\/p>\n

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).<\/p>\n

\n
Click HERE<\/a>\u00a0to read more about FLGC.<\/strong><\/div>\n
Other companies in Flora Growth\u2019s 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.<\/div>\n<\/div>\n

Source 1:\u00a0https:\/\/www.tipranks.com\/stocks\/flgc\/forecast<\/a><\/p>\n

Source 2:\u00a0https:\/\/tinyurl.com\/3yzndbdc<\/a><\/p>\n

Source 3:\u00a0https:\/\/tinyurl.com\/3cscums2<\/a><\/p>\n

Source 4:\u00a0https:\/\/www.yahoo.com\/now\/flora-growth-provides-2022-revenue-120500184.html<\/a><\/p>\n

Source 5:\u00a0https:\/\/www.businesswire.com\/news\/home\/20211123006169\/en\/Flora-Growth-Closes-34.5-Million-Public-Offering<\/a><\/p>\n

Source 6:\u00a0https:\/\/www.businesswire.com\/news\/home\/20220104005419\/en\/Flora-Growth-Expands-Product-Distribution-Through-Walmart.com-and-Coppel-in-Mexico<\/a><\/p>\n

Source 7:https:\/\/bit.ly\/3KXRugH<\/p>\n

Source 8:\u00a0https:\/\/tinyurl.com\/ynu8u7t4<\/a><\/p>\n

Source 9:\u00a0https:\/\/tinyurl.com\/yck2dn9r<\/a><\/p>\n

Source 10:\u00a0https:\/\/www.businesswire.com\/news\/home\/20211115005577\/en\/Flora-Growth-Completes-Acquisition-of-Vessel-Brand-Inc<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":6,"featured_media":45292,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[16213,3926,16215,16214,16217,16216],"stock_ticker":[],"class_list":["post-46110","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-flgc","tag-hlf","tag-hnst","tag-nhtc","tag-olpx","tag-rev","entry"],"acf":[],"yoast_head":"\nCannabis Companies Could be Set to Flourish in 2022 (FLGC,HLF,HNST,NHTC) - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/cannabis-companies-could-be-set-to-flourish-in-2022-flgchlfhnstnhtc-46110\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cannabis Companies Could be Set to Flourish in 2022 (FLGC,HLF,HNST,NHTC) - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"The U.S. cannabis industry is growing at an unparalleled pace. 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