Benzinga | May 19, 2021 07:04AM EDT

Flora Growth Forms Flora Lab Manufacturing Division Around Recently Acquired GMP-Certified Laboratory

Flora Growth Corp. (NASDAQ:FLGC) ("Flora" or the "Company"), a leading all-outdoor cultivator and global manufacturer of cannabis-derived products and brands, is pleased to announce the formation of Flora Lab, a consolidated manufacturing division that will be comprised of the recently acquired Quipropharma Lab and the strategic business combination of its two medical-focused divisions, Cronomed and Breeze Laboratory. The newly formed division is underpinned by Quipropharma Lab, a modern 16,000-square-ft manufacturing facility and holds multiple GMP certifications with a diversified portfolio with over 190 products and 63 OTC products registered and licensed with INVIMA (FDA-equivalent in Colombia).