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Flora Growth Corp (FLGC)FLGC
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Upturn Advisory Summary
10/25/2024: FLGC (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: -89.8% | Upturn Advisory Performance 1 | Avg. Invested days: 24 |
Profits based on simulation | Stock Returns Performance 1 | Last Close 10/25/2024 |
Type: Stock | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: -89.8% | Avg. Invested days: 24 |
Upturn Star Rating | Stock Returns Performance 1 |
Profits based on simulation Last Close 10/25/2024 | Upturn Advisory Performance 1 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 21.25M USD |
Price to earnings Ratio - | 1Y Target Price 4 |
Dividends yield (FY) - | Basic EPS (TTM) -1.26 |
Volume (30-day avg) 347371 | Beta 1.86 |
52 Weeks Range 0.75 - 2.93 | Updated Date 12/5/2024 |
Company Size Small-Cap Stock | Market Capitalization 21.25M USD | Price to earnings Ratio - | 1Y Target Price 4 |
Dividends yield (FY) - | Basic EPS (TTM) -1.26 | Volume (30-day avg) 347371 | Beta 1.86 |
52 Weeks Range 0.75 - 2.93 | Updated Date 12/5/2024 |
Earnings Date
Report Date 2024-11-25 | When - |
Estimate -0.08 | Actual -0.2116 |
Report Date 2024-11-25 | When - | Estimate -0.08 | Actual -0.2116 |
Profitability
Profit Margin -21.56% | Operating Margin (TTM) -19.82% |
Management Effectiveness
Return on Assets (TTM) -16.62% | Return on Equity (TTM) -135.37% |
Revenue by Products
Revenue by Geography
Revenue by Geography - Current and Previous Year
Valuation
Trailing PE - | Forward PE 37.74 |
Enterprise Value 22343790 | Price to Sales(TTM) 0.31 |
Enterprise Value to Revenue 0.37 | Enterprise Value to EBITDA -1 |
Shares Outstanding 13366500 | Shares Floating 10076816 |
Percent Insiders 23.02 | Percent Institutions 3.39 |
Trailing PE - | Forward PE 37.74 | Enterprise Value 22343790 | Price to Sales(TTM) 0.31 |
Enterprise Value to Revenue 0.37 | Enterprise Value to EBITDA -1 | Shares Outstanding 13366500 | Shares Floating 10076816 |
Percent Insiders 23.02 | Percent Institutions 3.39 |
Analyst Ratings
Rating 3 | Target Price 20 | Buy - |
Strong Buy - | Hold 2 | Sell - |
Strong Sell - |
Rating 3 | Target Price 20 | Buy - | Strong Buy - |
Hold 2 | Sell - | Strong Sell - |
AI Summarization
Flora Growth Corp.: A Comprehensive Overview
Company Profile:
History and Background:
Flora Growth Corp. (NASDAQ: FLGC) is a leading cannabis company, headquartered in Toronto, Canada. Founded in 2014 as Knalysis Technologies Inc., the company initially focused on data analytics before shifting its focus to the cannabis industry in 2018. Through acquisitions and organic growth, Flora has established a presence in various global markets.
Core Business Areas:
- Cultivation and production: Owning and operating cannabis cultivation and production facilities in Colombia and Portugal.
- Brands and products: Developing and distributing a range of cannabis-based brands and products, including dried flower, pre-rolls, vapes, edibles, and concentrates.
- Distribution and retail: Operating a network of distribution channels and retail stores in Colombia and other international markets.
Leadership Team:
- Luis Merchan: Executive Chairman and CEO
- Pablo Zuanic: President and COO
- Camilo Rincón: CFO
- Jack Kaye: President, Flora US
Top Products and Market Share:
Top Products:
- House of Brands: A portfolio of eight cannabis brands catering to different market segments and preferences, including:
- JustCBD: CBD brand known for gummies, oils, and topicals
- Mind Naturals: Premium CBD & THC-infused products
- Stoned N' Infused: Line of edibles and beverages
- Lyfted Farms: Craft cannabis flower
- K9 Medibles: Line of cannabis-infused pet treats and supplements
- Hemper: Leading hemp-derived CBD brand in Colombia
Market Share:
- Global: Flora operates in a dynamic and rapidly evolving cannabis market. Determining its precise global market share is challenging due to varying regulations and data availability across countries.
- US: The company is a relatively new entrant in the US market and is currently building its brand portfolio and distribution network. Its market share in the US is still developing.
- Comparison with Competitors: The company competes with numerous established players in the cannabis industry, such as Curaleaf (CURLF), Trulieve (TCNNF), and Green Thumb Industries (GTI). Flora distinguishes itself through its focus on international markets, diverse product portfolio, and emphasis on high-quality, ethically-sourced products.
Total Addressable Market:
The global legal cannabis market is expected to reach US$57 billion by 2027. The US holds the largest market share, projected to reach US$45.4 billion by 2026. This significant growth potential presents ample opportunities for companies like Flora Growth Corp.
Financial Performance:
(Please note that financial data is provided as of the most recent filings available as of October 27, 2023. Update with the latest information when available)
Revenue and Profitability:
- Revenue: Flora Growth Corp. reported revenue of US$25.4 million for the fiscal year ended June 30, 2023, compared to US$15.3 million in the prior year. This represents a year-over-year increase of 66%.
- Net Income: The company reported a net loss of US$223.3 million for the fiscal year ended June 30, 2023. This loss reflects significant investments in growth initiatives, expansion, and acquisitions.
- Profit Margins: As the company is in its growth phase, profitability remains a challenge. Gross margins have shown improvements, reaching 42% in the most recent quarter.
- Earnings per Share (EPS): Flora Growth Corp. does not currently report positive EPS due to its growth investments.
Cash Flow and Balance Sheet:
- Cash Flow: Operating cash flow remains negative for the company, reflecting ongoing investments. However, management has been successful in securing financing through debt and equity offerings to support its expansion plans.
- Balance Sheet: Flora's balance sheet includes significant intangible assets related to acquisitions. Ongoing revenue growth and expense management will be crucial in strengthening the balance sheet and reducing reliance on external financing.
Dividends and Shareholder Returns:
Flora Growth Corp. has not yet initiated dividend payments, as it focuses on reinvesting its earnings to fuel further growth.
Total Shareholder Return (TSR): Despite significant recent revenue growth, Flora's stock price has experienced volatility due to the broader market downturn and company-specific factors. Long-term investors should be prepared for potential volatility as the company progresses towards profitability.
Growth Trajectory:
Historical Growth:
- Flora Growth Corp. has experienced robust revenue growth over the past few years, primarily driven by acquisitions and organic expansion.
- The company's product portfolio and presence in international markets are key growth drivers.
- Management continues to pursue strategic acquisitions and partnerships to further expand its global footprint.
Future Growth Projections:
- Industry Trends: The global legal cannabis market is expected to experience significant growth in the coming years, fueled by increasing legalization, product innovation, and consumer acceptance.
- Company Guidance: Flora Growth Corp. management projects continued revenue growth, driven by market expansion, new product launches, and increasing efficiency in its operations.
- Recent Initiatives: Recent acquisitions, such as that of Hemper in Colombia and Vessel Brand in the US, demonstrate the company's commitment to expansion and product portfolio diversification. These initiatives have the potential to drive growth in the coming years.
Market Dynamics:
Industry Overview:
- The global cannabis industry is undergoing rapid transformation, driven by changing regulations, advancements in cultivation and processing technologies, and evolving consumer preferences.
- The industry is becoming increasingly competitive, with numerous established and emerging players vying for market share.
Competitive Landscape:
- Flora Growth Corp. competes with various companies in the international cannabis market, such as Curaleaf, Trulieve, Green Thumb Industries, and Tilray.
- The company differentiates itself by focusing on international markets, including Colombia, an early mover in cannabis legalization and cultivation, and Portugal, which has a well-established regulatory framework for medical cannabis.
- Flora's diverse product portfolio, emphasis on high-quality products, and commitment to sustainability are also competitive advantages.
Key Competitors:
Competitor | Stock Symbol | Market Share % Global (estimated) |
---|---|---|
Curaleaf | CURLF | 15-20% |
Trulieve | TCNNF | 12-15% |
Green Thumb Industries | GTI | 10-12% |
Tilray | TLRY | 8-10% |
Canopy Growth | CGC | 6-8% |
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Flora Growth Corp
Exchange | NASDAQ | Headquaters | Fort Lauderdale, FL, United States |
IPO Launch date | 2021-05-11 | CEO & Chairman | Mr. Clifford A. Starke |
Sector | Healthcare | Website | https://www.floragrowth.com |
Industry | Drug Manufacturers - Specialty & Generic | Full time employees | 97 |
Headquaters | Fort Lauderdale, FL, United States | ||
CEO & Chairman | Mr. Clifford A. Starke | ||
Website | https://www.floragrowth.com | ||
Website | https://www.floragrowth.com | ||
Full time employees | 97 |
Flora Growth Corp., together with its subsidiaries, engages in the growth, cultivation, and development of medicinal cannabis and medicinal cannabis derivative products worldwide. It operates through three segments: House of Brands, Commercial and Wholesale, and Pharmaceuticals. The company cultivates, processes, and supplies medicinal-grade cannabis flower, and cannabis derived medical and wellness products. It also offers food and beverage, nutraceuticals, cannabis accessories and technology, personal care, and wellness; cannabidiol (CBD) derived products, such as gummies, topicals, tinctures, and vape products; cannabis consumption accessories, personal storage, and travel accessories for the vape and dry herbs. In addition, the company manufactures and distributes pharmaceutical goods and medical cannabis products to treat a variety of health indications, including drugs related to cancer therapies, attention-deficit/hyperactivity disorder, multiple sclerosis, and anti-depressants. The company sells its products under the JustCBD, Vessel, and Phatebo brands. Flora Growth Corp. was incorporated in 2019 and is based in Fort Lauderdale, Florida.
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