Flora Growth Teams Up With Cannabis Giant Canopy To Enter $94M Australian Medical Marijuana Market
Flora Growth Corp. (NASDAQ:FLGC) signed a distribution agreement with Canopy Growth Corp. (NASDAQ:CGC) for the distribution of Canopy’s Storz & Bickel medical line of vaporizers in Australia. Flora’s subsidiary Australian Vaporizers will be in charge of distribution.
“Canopy Growth is a market leader with a $400 million market capitalization. We are very much interested in partnering with Canopy Growth to bring their highly regarded Storz vaporizers to the Australian market,” stated Clifford Starke, chairman and chief executive officer. “With Australian Vaporizers at the forefront of this initiative, we are confident that our distribution of Canopy’s Storz products will further enhance the standard of care for medical cannabis patients in Australia.”
Australian Vaporizers will spearhead the distribution of Storz vaporizers to healthcare professionals and clinics across the country. This agreement will enable Flora to meet the growing demand for …