Flora Lab Gets GMP Certification For Producing Beauty Items Demonstrating Operational Excellence And Enabling Global Export Of Merchandise Portfolio

MIAMI & TORONTO–(Company WIRE)–Flora Advancement Corp. (NASDAQ: FLGC) (“Flora” or the “Company”), a primary all-outdoor cultivator and producer of worldwide cannabis solutions and makes, is delighted to announce that Flora Lab has been given authorization by the Colombian Nationwide Meals and Drug Surveillance Institute (Instituto Nacional de Vigilancia de Medicamentos y Alimentos or “INVIMA”) (Fda equal) to be Good Production Procedures (“GMP”) certified to manufacture beauty products. The certification usually takes outcome promptly and enables Flora to deliver beauty products for export to intercontinental markets that demand items to be created under the demanding GMP expectations.

Flora Lab is the Company’s producing and study and growth division for pharmaceuticals, cosmetics, and nutraceuticals that operates a contemporary 16,000-square-ft production facility, holds many GMP certifications, and features a diversified portfolio with around 190 goods and 63 around-the-counter (“OTC”) merchandise registered and licensed with INVIMA. The division is focused on expanding its 2,500+ distribution channels and building new cannabinoid and non-cannabinoid that contains goods to offer to its network of pharmacies and wholesale purchasers domestically and internationally.

Some highlights from Flora Lab contain:

  • Operates a fashionable 16,000-sq.-ft facility
  • Holds 3 (3) GMP certifications:

    • Cosmetics
    • Phytotherapeutics
    • Dietary Nutritional supplements
  • Has the capability to produce cannabinoid-containing solutions, together with cannabidiol (“CBD”)
  • Has much more than 18 domestic purchasers and sells branded products together with white-label products

“Attaining this certification is a important accomplishment for our crew as it demonstrates our capability to realize pharmaceutical-grade specifications recognized by regulators during the globe and generating steady, safe and sound, significant-top quality beauty merchandise. Out of far more than 650 cosmetics laboratories in the course of Colombia, Flora Lab is only the 13th corporation to correctly navigate and implement the rigorous high quality specifications essential to attain this degree of producing excellence,” reported Luis Merchan, President and CEO of Flora Development. “As we glance to bring our top quality brand names and products to marketplaces all around the world, this certification represents a important element of our offer chain system and distribution system. Will can now pursue distribution agreements for the sale of cannabinoid and non-cannabinoid made up of beauty merchandise in worldwide markets in which GMP certification is demanded for industry obtain.”

About Flora Growth Corp.

Flora is a cannabis firm that leverages all-natural, price-powerful cultivation practices to provide cannabis derivatives to its assorted business divisions of cosmetics, hemp textiles, and food items and beverage. As the operator of 1 of the largest outside cultivation amenities, Flora strives to market a increased-high-quality quality product at underneath sector selling prices. By prioritizing organic ingredients and worth-chain sustainability throughout its portfolio, Flora results in premium products that assist consumers restore and prosper. Stop by www.floragrowth.ca or observe @floragrowthcorp on social for far more details.

Cautionary Statement Concerning Forward-Wanting Statements

This doc includes forward-hunting statements. In addition, from time to time, we or our reps may well make forward-searching statements orally or in producing. We foundation these forward-wanting statements on our anticipations and projections about foreseeable future functions, which we derive from the information currently out there to us. These types of forward-seeking statements relate to long run occasions or our foreseeable future effectiveness, which include: the impression of legislative alterations in Colombia both in Colombia and internationally the impression of export quotas on our organization the dimension of markets for cannabis and cannabis products and solutions our fiscal efficiency and projections our expansion in revenue and earnings and our business prospects and opportunities. You can recognize forward-on the lookout statements by these that are not historical in nature, specially people that use terminology these as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the unfavorable of these or equivalent terms. In evaluating these forward-seeking statements, you need to contemplate a variety of things, like: our means to change the route of the Business our capability to maintain speed with new technological know-how and switching market wants and the aggressive atmosphere of our organization. These and other things may possibly bring about our precise final results to differ materially from any ahead-searching assertion. Forward-wanting statements are only predictions. The forward-looking events reviewed in this doc and other statements manufactured from time to time by us or our associates may well not arise, and genuine gatherings and outcomes may possibly vary materially and are subject to pitfalls, uncertainties and assumptions about us. We undertake no obligation to publicly update or revise any ahead-on the lookout assertion, whether as a outcome of uncertainties and assumptions, or the forward-looking functions discussed in this document and other statements created from time to time by us or our associates not transpiring, other than as may possibly be needed by applicable legislation.

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