FLORA GROWTH DECLARED AN ESSENTIAL BUSINESS IN COLOMBIA


TORONTO, April 06, 2020 (GLOBE NEWSWIRE) — Flora Development Corp. (“Flora” or the “Firm”) is happy to announce that its operations in Colombia will proceed all through the COVID-19 pandemic. Colombia has declared the agricultural trade as important, thus permitting firms reminiscent of Flora to proceed its operations.

Our focus is defending the well being and security of our workers and to proceed to develop Flora’s enterprise. All of our workers are supplied masks and have common entry to antibacterial cleaning soap and hand washing stations. We proceed to watch this example however we don’t count on any impression from the coronavirus on our cultivation enterprise. 

We’re persevering with to develop every of our different enterprise strains, specifically (1) meals & beverage merchandise by our acquisition of Mambe, (2) medical and over-the-counter merchandise by our acquisition of Cronomed, and (3) Flora Magnificence, our magnificence and cosmetics division. 

Mambe and Cronomed are actively engaged on their e-commerce distribution channels, and Cronomed is producing preventative coronavirus merchandise, together with kits containing hand-sanitizers and anti-bacterial wipes. Cronomed’s kits might be distributed by Rappi (the biggest supply service in Latin America) to make sure large distribution in Colombia.  Cronomed has additionally elevated its manufacturing and gross sales of vitamin c and zinc dietary supplements in addition to antibiotics as these merchandise are in high-demand to deal with colds, flus and infections.

The Flora Magnificence staff is ready to launch its inaugural product line by digital channels in This fall of this yr.  These merchandise are revolutionary and have the potential to disrupt the sweetness trade. Given the shuttering of brick & mortar shops globally, we count on digital gross sales to be very sturdy this yr which we count on to supply a lift to our product strains.  

Damian Lopez, Flora’s CEO, commented: “As we navigate by these unprecedented occasions, Flora is concentrated on contributing to the efforts to struggle the coronavirus whereas persevering with to develop our enterprise.  We have now made preparations to make sure that workers in every of our enterprise divisions are secure and we’ve carried out strict insurance policies to scale back danger in compliance with authorities laws.”

Flora Development Corp.

At Flora, we’re constructing the world’s largest and lowest value vertically-integrated producer of natural hashish oils, CBD-infused meals & beverage, pharmaceutical-grade, medical and cosmetic-grade derivatives from the hashish plant.

For additional data, contact:
Damian Lopez
+1 416 861 2269
damian.lopez@floragrowth.ca
Web site: www.floragrowth.ca

Cautionary Notes  
This information launch could include forward-looking statements. These statements embody statements relating to the Firm’s operations, together with the impression from the coronavirus on our enterprise and our expectations with respect to digital gross sales, the Firm’s capability to distribute Cronomed’s kits in Colombia, and the Firm’s future plans and goals. These statements are primarily based on present expectations and assumptions which can be topic to dangers and uncertainties. Precise outcomes might differ materially. We don’t assume any obligation to replace any forward-looking statements, besides as required by relevant legal guidelines.



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