Flora Lab receives GMP certification for the manufacture of cosmetic products demonstrating operational excellence and enabling global export of the product portfolio


MIAMI & TORONTO – (COMMERCIAL THREAD) –Flora Growth Corp. (NASDAQ: FLGC) (“Flora” or the “Company”), a leading producer and manufacturer of outdoor cannabis products and brands, is pleased to announce that Flora Lab has received authorization from the Colombian National Institute of Food and Drug Surveillance (Instituto Nacional de Vigilancia de Medicamentos y Alimentos or “INVIMA” (FDA equivalent) to be certified as Good Manufacturing Practices (“GMP”) for the manufacture of cosmetic products. The certification takes effect immediately and allows to Flora to produce cosmetic products for export to international markets that require the products to be manufactured under rigorous GMP standards.

Flora Lab is the company’s manufacturing and research and development division for pharmaceuticals, cosmetics and nutraceuticals that operates a modern 16,000 square foot manufacturing facility, holds multiple GMP certifications and has a diverse portfolio with over 190 products and 63 countertop (“OTC”) products registered and licensed with INVIMA. The division is focused on expanding its 2,500+ distribution channels and developing new products containing cannabinoids and non-cannabinoids for sale to its network of pharmacies and wholesalers nationally and internationally.

Here are some highlights from Flora Lab:

  • Operates a modern 16,000 square foot facility

  • Holds three (3) GMP certifications:

    • Beauty products

    • Herbal medicine

    • Food supplements

  • Has the ability to produce products containing cannabinoids, including cannabidiol (“CBD”)

  • Has more than 18 domestic customers and sells branded products as well as white label products

“Obtaining this certification is a significant achievement for our team as it demonstrates our ability to achieve pharmaceutical grade standards recognized by regulators around the world and to produce consistent, safe and high quality cosmetic products. Of more than 650 cosmetic laboratories across Colombia, Flora Lab is only the 13e company to navigate and successfully implement the rigorous quality standards necessary to achieve this level of manufacturing excellence, ”said Luis Merchan, President and CEO of Flora Growth. “As we seek to market our premium brands and products to markets around the world, this certification represents a key part of our supply chain strategy and distribution plan. Will can now enter into distribution agreements for the sale of cosmetic products containing cannabinoids and non-cannabinoids in global markets where GMP certification is required to enter the market.

About Flora Growth Corp.

Flora is a cannabis company that relies on natural and profitable growing practices to supply cannabis derivatives to its various cosmetics, hemp textiles, and food and beverage business divisions. As the operator of one of the world’s largest outdoor growing facilities, Flora strives to bring a premium, premium product to market at prices below market prices. By prioritizing natural ingredients and value chain sustainability in its portfolio, Flora creates premium products that help consumers restore themselves and prosper. Visit www.floragrowth.ca or follow @floragrowthcorp on social media for more information.

Caution regarding forward-looking statements

This document contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections regarding future events, which we derive from information currently available to us. These forward-looking statements relate to future events or our future performance, including: the impact of legislative changes in Colombia, both in Colombia and abroad; the impact of export quotas on our business; the size of the markets for cannabis and cannabis products; our financial performance and projections; our revenue and profit growth; and our business prospects and opportunities. You can identify forward-looking statements by those which are not historical in nature, particularly those which use terms such as “may”, “should”, “expects”, “anticipates”, “considers”, “believes”. “,” Estimate, “plans”, “projected”, “predicted”, “potential” or “hope” or the negative of these terms or the like. In evaluating these forward-looking statements, you should consider a number of factors, including: our ability to change the direction of the Company; our ability to keep pace with new technologies and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statements. Forward-looking statements are only predictions. The forward-looking events described in this document and other statements made from time to time by us or our representatives may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions. our subject. We assume no obligation to publicly update or revise any forward-looking statement, whether due to uncertainties and assumptions, or the forward-looking events described in this document and other statements made from time to time by we or our representatives do not perform unless required by applicable law.


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