FLORA GROWTH APPOINTS INDUSTRY AUTHORITY TIM LESLIE AS CHAIRMAN OF ITS NEWLY FORMED ADVISORY BOARD
Cultivation
- Cosechemos is ideally located to cultivate cannabis with, on average, over 12.5 hours of natural sunlight per day, an elevation that results in a constant pathogen-reducing breeze, nutrient-rich organic soil, and six natural spring water deposits.
- The Cosechemos facility is licensed to cultivate 247 acres (100 hectares) of cannabis and is actively cultivating cannabis to produce commercial THC and CBD flower and derivatives. Cosechemos has initiated third-party organic and Global G.A.P. certification to guarantee product quality and export to a global market.
Extraction
- Cosechemos’ extraction facility is currently under construction. It is designed to be a 400 m2 cryo-ethanol extraction lab with a projected throughput of up to 1,200 L/month of crude oil. The facility is being built to EU-GMP standards, with completion expected in Q3 2021; following completion, we intend to immediately seek EU-GMP certification.
Manufacturing & Distribution
Flora Growth manufactures the majority of its products through its Flora Lab division, a manufacturing and R&D center. This division is underpinned by a 16,000 sq.ft. facility with a modern laboratory that holds multiple GMP certifications. Flora Lab currently manufactures and distributes 60+ OTC products registered with INVIMA across 1,500+ distribution channels.
The Cosechemos cultivation farm, Flora’s core division, is located in Bucaramanga, Colombia, and is licensed to cultivate 247 acres (100 hectares) of cann-a-bis.
With Cosechemos’ demonstrated low production costs, Flora is ready to sell high-quality cann-a-bis at competitive prices.
Cosechemos has launched three successful pilot crop plantings consisting of 4.94 acres with impressive results(1):
- 30 varieties of non-psychoactive cann-a-bis tested. Demonstrated production cost of $0.06/gram.
- Optimized cultivation strategy, yielding over 125 grams/plant.
- Initiated third-party organic and global G.A.P. certification in Ql 2020.
- Cosechemos’ extraction facility is currently under construction, with completion expected in Q3 2021. It will be built to EU-GM P standards, and immediately seek EU-GMP certification, Cosechemos plans to cultivate 49 acres in 2021; 9 acres for CB and 40 acres for T-H-C.
- Additionally, Cosechemos holds rights to an additional 5,268 acres licensed in Puerto Boyaca, Santander, to increase the scale of its cultivation as required.
Favorable Growing Conditions.
- 12.8 hours of daily sunlight, 365 days/year
- Consistent 3 mph wind, decreases incidence of plant-harming pathogens
- Organic nutrient-rich soil allows for high density planting
Low-Cost Infrastructure
- Long-term monthly lease of only US$10/acre, with purchase option
- Six natural spring water deposits on site: water cost $0
- Low utility costs at less then US$150/month
Locally-Adapted Strategy
- 3+ years of evaluating strains to perfect growing economics
- Developing unique organic agronomic management system tailored to Cosechemos’ climate and conditions
- Optimized cultivation strategy to obtain 3+ harvests per year (1.5-3X more than peers), high productivity per area and a high-quality product.
North America vs. Colombia Cann-a-bis Growth Comparisons
North American Cann-a-bis
- Avg. cost $1.89/gram (source 5) & 20 °F / 6.4-hours of daylight
- Most grown indoor using artificial light with substantial energy costs and waste
- Significant costs only to try and reproduce ideal outdoor growing environment of Colombia
With a +25X cost advantage over its North American counterparts, don’t you think it might be a good time to start paying close attention to Flora Growth Corp. (NASDAQ: FLGC)?
FLGC: More Than A Cann-a-bis Cultivator
While cann-a-bis legalization continues globally, Flora Growth is creating initial demand for its cann-a-bis products through internal brands that capitalize on consumer and competitive industry trends.
Flora expects to be well-positioned with robust infrastructure, reliable supply-chains, and global distribution as the cann-a-bis market is expected to expand rapidly over the next decade.
– Cosechemos: Contracted cultivation facility with 247 acres in Bucaramanga, Colombia; has achieved production costs of US$0.06 per gram.
– Flora Lab: modern manufacturing facility with GMP certifications to supply Flora’s medical and consumer brands.
– Flora Beauty: Internally developed portfolio of beauty & skincare products. Founded by former Miss Universe and global beauty influencer Paulina Vega.
– Kasa Wholefood: Portfolio of natural food & beverage products, responsibly sourced from exotic Amazonian fruits.
– He-mp Textiles & Co: Sells textiles made from he-mp to businesses and consumers, starting with inaugural brand Stardog Loungewear.