- Kasa, Flora’s food and beverage division, announced that it had completed its first purchase order valued at approximately US$1.1m
- This fulfillment is in line with the sales agreement with Tropi, the largest distributor in Colombia, that dates back to July 2021 and is set to last for a year
- This initial sale demonstrated the company’s ability to follow through with its commitments
- Flora is also set to hold its earnings call for the first half of the 2021 fiscal year
- The virtual event is scheduled for Thursday, August 19, 2021, at 4:30 p.m. E.T.
Back in July 2021, Flora Growth (NASDAQ: FLGC), through its food and beverage division, Kasa Wholefoods Company S.A.S. (“Kasa”), inked a sales agreement with Importaciones y Asesorias Tropi S.A.S. (“Tropi”), the largest food and beverage distributor in Colombia. The agreement was intended to last up to one year, with Flora projecting revenue generation of up to US$10 million over that period (https://cnw.fm/Rvlz7).
In August 2021, Kasa announced that it had completed the first purchase order in line with the agreement. The purchase order, valued at approximately US$1.1 million, marked a key milestone for Flora and also…
NOTE TO INVESTORS: The latest news and updates relating to FLGC are available in the company’s newsroom at https://cnw.fm/FLGC
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