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Flora Growth says that it has been focused on strengthening operational performance, financial discipline, and optimizing M&A integrations.

Merchan's departure comes after a successful tenure expanding Flora Growth into a major cannabis player.

"We're getting some great results from a margin perspective, 60% margin, 65% margins on those categories."- Luis Merchan

FLora Growth also increased profit by 494% from $2.4 million to $14.4 million USD.

Following the webcast, Flora management will open the call to analysts in a Q&A format.

Flora Growth grows, cultivates, and develops products derived from medicinal cannabis that are sold to pharmacies, clinics, and cosmetic businesses worldwide.

Merchan says the change by the Ministry of Health puts Colombia at the vanguard for medicinal cannabis in the world.

The export of the high-THC product is pending the dried-flower checklist from the Colombian government from the 2021 update to the cannabis law.

During the webcast, management will deliver financial results, operational updates, and provide comments on recent growth and M&A initiatives announced in the period since the company listed its shares on Nasdaq

Flora Growth Corp (NASDAQ: FLGC) last month became the first ever cannabis cultivator to list on the NASDAQ stock exchange in the US without using a SPAC (Special Purpose Acquisition Company), reverse merger, or dual listing, and became the first all-outdoor cannabis grower to...