Flora Growth (NASDAQ: FLGC), a consumer-packaged goods leader and pharmaceutical distributor, has joined the Hemp Beverage Alliance. The alliance is a coalition of leading companies committed to build a safe, thriving and ethical hemp beverage industry by providing education, advocacy, self-regulation and partnership. According to the announcement, demand for hemp-derived cannabinoids in the United States is valued at more than $28 billion with estimates that the U.S. infused beverages market could reach half a billion by 2030, at a CAGR of 14.7% during the forecast period. “At this moment, beverages represent only a marginal component of the industry,” said Flora Growth CEO Clifford Starke in the press release. “There is tremendous potential for explosive growth — one we intend to capitalize on. We are focusing our attention on the beverage category. Joining the Hemp Beverage Alliance is a natural progression towards the common values we share.”
To view the full press release, visit https://ibn.fm/AvDdM
About Flora Growth Corp.
Flora Growth is a consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 different countries with 20,000-plus points of distribution around the world. For more information about the company, please visit www.FloraGrowth.com.
NOTE TO INVESTORS: The latest news and updates relating to FLGC are available in the company’s newsroom at https://ibn.fm/FLGC
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